KV driven by more than a sweet tooth
With incomes rising and tastes becoming more refined, Asia represents a growing market for luxury goods. Chocolate is no exception. While supply problems are partly responsible for a 30% increase in global cocoa prices over the last two years, the 60% jump in the retail price of chocolate suggests that rising demand is also a factor.
Aalst Chocolate sees opportunity in Asia's growing sweet tooth. Founded in 2003, the company is the first in Singapore to produce both standard compound chocolate and the more expensive couverture chocolate....
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