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  "description": "CocoaRadar Pro Intelligence Brief: Market Report - Cocoa Remains Trapped Between Weak Grind Demand And Fragile West African Supply Execution",
  "path": "/nestle-signals-confectionery-recovery-as-cocoa-linked-pricing-cycle-begins-to-stabilise/",
  "publishedAt": "2026-04-23T16:12:39.000Z",
  "site": "https://cocoaradar.com",
  "tags": [
    "Subscribe now"
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  "textContent": "💡\n\n****Cocoa trading at 3423.491 USD/T on Thursday, April 23, a 3.509 USD/T (0.1%) decrease from 3427.000 on the last trading session.****\n\nNestlé’s latest quarterly update suggests the global chocolate category may be entering a more nuanced phase – where pricing remains elevated, but volume trends are starting to improve.\n\n### **Key development**\n\nIn its first-quarter 2026 results, Nestlé reported organic sales growth of 3.5%, supported by 1.2% real internal growth (RIG) and 2.3% pricing. Within this, the **Food & Snacks division – home to confectionery - delivered 4.2% growth**, with a more balanced contribution between pricing and volume.\n\nConfectionery was a standout within the segment. Nestlé highlighted high single-digit growth in chocolate, driven by a “sequential improvement” in RIG, indicating that volumes are beginning to recover after a prolonged period of price-led growth.\n\nAdvertisement\n\n\n\n\n\nPerformance was consistent across regions. In the Asia, Oceania and Africa zone, confectionery growth was led by strong demand for KitKat, while in the Americas, improving volume trends in Brazil supported momentum. Europe also saw confectionery contribute positively, again led by KitKat, although overall Food & Snacks growth remained modest.\n\n### **A Critical Market Shift**\n\nFor cocoa markets, Nestlé’s update points to a critical shift. After several quarters dominated by aggressive pricing to offset historically high cocoa costs, the return of positive volume growth in confectionery suggests **demand resilience is holding – even at elevated price levels**.\n\nThis is a key signal. If sustained, it indicates that the demand destruction many feared at peak cocoa prices may be less severe than expected, particularly for globally recognised brands.\n\nFor chocolate manufacturers, the message is more tactical. Nestlé’s results show that pricing power is still in play – but no longer the sole driver of growth. The improvement in RIG implies that companies are beginning to find a new equilibrium between price, pack size, and consumer acceptance.\n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
  "title": "Nestlé Signals Confectionery Recovery As Cocoa-Linked Pricing Cycle Begins To Stabilise",
  "updatedAt": "2026-04-23T16:12:41.668Z"
}