Demand for cocoa is expected to climb 30% in the next 10 years creating a 25% shortage of current supply, according to North American cocoa processor

Swiss food group Nestle has submitted an offer to buy Italy's Ferrero, the maker of Nutella chocolate spread, Italian newspaper La Repubblica said on

Ferrero has opened a €90 million plant in the province of Manisa in Turkey, which will manufacture Kinder and Nutella products and employ 200 people.

Ferrero has strengthened its presence in the hazelnut market with the acquisition of the family-owned Oltan Group.

Turkey, the world’s largest producer of hazelnuts is facing a major shortage of the nuts due to bad weather.

The association of chocolate, biscuit and confectionery industries of Europe (CAOBISCO has been discussing a multi-stakeholder approach to improving

The Chief Executive of Nestlé has strongly denied rumours that the company have made a string of bids for Ferrero, the family run business behind Nute