JB Foods Ltd. (SG:BEW) has released an update.
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JB Foods Limited acknowledges shareholder concerns regarding the impact of high bean prices on demand for their products and the subsequent effects on profitability and margins. With the cocoa industry facing a shortage that may extend into 2025, the company is adjusting selling prices and negotiating contracts to manage increased costs and secure consistent supply. The situation presents both challenges and opportunities for JB Foods as they navigate a dynamic market.
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