HAMBURG Dec 20 Talks continue between creditors
and other interested parties to save German cocoa grinder
Euromar Commodities GmbH which declared insolvency earlier in
December, a spokesman for its interim administrator said on
Negotiations are underway focusing on efforts to restart
production, the spokesman for interim administrator Rolf
Rattunde told Reuters.
Euromar is a major producer of cocoa products including cocoa
butter and cocoa powder at its plant at Fehrbellin near Berlin.
The company had suffered liquidity problems caused by
exchange rate fluctuations in the British pound, the currency
cocoa is traded in, and swings in cocoa prices.
Rattunde has said he would attempt to restructure Euromar
and return it to long-term operations.
(Reporting by Michael Hogan, editing by Jane Merriman)