Responsible sourcing programmes of chocolate companies have failed the stress test
The article argues that cocoa sustainability programmes have not prevented the 2024 cocoa crisis. It cites ICCO data showing a 478,000-tonne global production deficit and New York futures above $12,000/tonne. Ghana and Côte d’Ivoire suffered major crop losses, with Ghana’s Cocoa Board reporting 81% of the 2024 crop affected by CSSV. It says farmer incomes remain below living income despite initiatives, and notes Barry Callebaut’s April 2026 profit forecast cut after a price collapse.
MAY 22·AD HOC NEWS▼
Conagra Brands stock (US2058871029): Analyst cut and 52?week low put pressure on the food giant
Conagra Brands stock has fallen to a new 52-week low after BNP Paribas lowered its price target from $16 to $14 while maintaining a neutral rating. The company's latest quarterly earnings slightly missed analyst expectations, contributing to the pressure on the US packaged food giant. Investors are advised to monitor how the company balances pricing, volumes, and cost discipline in the future.
MAY 21·MarketBeat▼
Leonteq Securities AG Makes New $2.42 Million Investment in Conagra Brands $CAG
Leonteq Securities AG has initiated a new position in Conagra Brands (NYSE:CAG) by purchasing 139,540 shares valued at approximately $2.42 million during the fourth quarter. This comes as Conagra reported mixed quarterly results and announced a quarterly dividend, despite analysts issuing a "Reduce" consensus rating with an average target price of $15.73. Insider buying activity has also been noted, with directors increasing their holdings.
