Financial Times FT.com

Cocoa supplier plans surcharge

By Jenny Wiggins in London

Published: September 4 2009 22:51 | Last updated: September 4 2009 22:51

Armajaro Trading, one of the world’s biggest cocoa suppliers, is to charge customers – including Lindt and Ferrero – an extra $30 per tonne for cocoa to boost production as yields slump and prices soar.

The move by the commodity group, which also manages hedge funds, comes as leading chocolate manufacturers, such as Cadbury of the UK, warn of the rising cost of cocoa.

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