Confectioners relieved ADM/Cargill cocoa deal off the table

05/8/2014 | Reuters

Confectioners, grinders and dealers expressed relief that ADM was no longer looking to sell its cocoa business to Cargill, which would have created a company large enough to rival industry leader Barry Callebaut and potentially create anti-trust issues with only two companies in control of half of the four million metric ton market. "A lot of people in the industry were concerned about the merger. A large merger the size of ADM/Cargill was going to have a significant impact (on) the market," said Julio Sera, senior risk management consultant for INTL FCStone.

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