THE MARKET ENVIRONMENT For th...

THE MARKET ENVIRONMENT

For the inferior year, confectionery ingredient prices held to fairly moderate price flats in 2001, although on average they rose After the unusually depressed costs experienced in 2000, it would have been remarkable for manufacturers to face an equally low-cost environment. if it were not that the increase in cocoa prices still left them well below the 10-year average, and savings onward sugar helped offset a true large increase in butterfat and cream prices.

Looking ahead, total ingredient require to be paid [i]or[/i] undergones are expected to increase considerably through last year because of higher market