Cocoa Butter Price Fall Eases AAK’s Chocolate Demand Risk
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AAK AB, the 143-year-old Swedish supplier of fats to the chocolate industry, said the recent decline in cocoa-butter prices could protect chocolate demand after soaring costs started posing a threat to consumption.
“It’s good when cocoa butter prices are high, but there’s a limit to how high we’d like to see prices go,” AAK Chief Executive Officer Arne Frank said in an interview at the company’s headquarters in Malmoe in southern Sweden. “The way we see it, there is a limit when volumes may be hit.”