Russia's Love of Chocolate Is Helping Tighten World Cocoa Market
- Country’s chocolate demand is rising faster than global rate
- Russia is 2nd-biggest chocolate confectionery market by volume
Bars of 'Alenka' Russian chocolate,
Photographer: Andrey Rudakov/Bloomberg
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Russia’s fast-growing appetite for chocolate is helping to boost global cocoa demand, according to Barry Callebaut AG.
Chocolate consumption in the world’s second-biggest market for the candy expanded almost four times the global rate in the nine months through April, the Zurich-based processor said. That comes as robust demand is expected to push the cocoa market move into a slight deficit after two years of oversupply.