Swiss firm Barry Callebaut eyes separating cocoa division amid price volatility, sources say

The world’s biggest chocolate maker Barry Callebaut in the early stages of exploring the separation of its global cocoa unit from the rest of the group, according to three people familiar with the matter. Its shares jumped 10% after the Reuters report. 

Why it matters 

Barry Callebaut’s ingredients are present in one out in four chocolate and cocoa products consumed worldwide. Separating the cocoa processing arm could allow the company to protect itself from commodity price swings and focus resources on its higher-margin chocolate business.

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