Rising chocolate consumption bodes well for JB Foods

SINGAPORE (Oct 15): JB Foods is a cocoa-processing company, which listed in July 2012, with operations in Malaysia and Indonesia.

Its processing capacity of 145,000mt per annum ranks it as one of the top 10 players worldwide, behind Barry Callebaut, Cargill and Olam International. The group supplies cocoa ingredients to both trading houses and confectionery producers, and counts international brands like Mars, Nestle and Hershey among its long-standing customers.

In an unrated report by CGS-CIMB, analyst Ngoh Yi Sin says, “The rising consumption of chocolate by emerging economies and improved consumer awareness is driving the global demand for cocoa, in our view.”

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