Barry Callebaut, the top chocolatier, is working to reduce its debt due to high cocoa prices and customer uncertainty over U.S. tariffs. CEO Peter Feld stated the company raised prices by 63% while sales volume decreased by 6.3%. Moody’s and S&P Global revised its outlook to negative earlier this year.

Feld acknowledged the rising debt in relation to profits and the expensive warehousing costs for cocoa beans. The company is in talks with banks to reduce debt to a reasonable level and has announced concrete measures. Ongoing investment programs are helping estimate product sales and cocoa bean needs.

Barry Callebaut’s CEO stated that the company has adjusted the financing of current assets and is on the right track. The company is focused on reducing debt and working with banks to achieve this goal. The ongoing investment program is helping to estimate product sales and cocoa bean needs.

Read more at Yahoo Finance: Barry Callebaut debt must come down, CEO says