Luker Chocolate, the premium Colombian Business-for-Business (B4B) chocolate manufacturer, has revealed significant progress towards Its 2027 sustainability targets, including increasing income for farmers, social wellbeing, and deforestation-free cocoa.
In a major update, Nestlé says its income accelerator programme is helping cocoa farmers substantially improve cocoa productivity and increase their net income.
The Hershey company reported an uptick in sales, income, and earnings per share when it announced net sales and earnings for the first quarter ended 31 March, 2024.
After a topsy-turvy week, world cocoa prices recovered on Tuesday after registering losses of more than 20% the prior week, but the market is still struggling with a lull in trading.
Dutch disruptor brand Tony’s Chocolonely is partnering with Oxfam and Glastonbury for a second year to raise money to fight poverty by launching limited edition bars that offer fans the opportunity to win tickets to the legendary arts and music festival.
‘Beleaguered’ is perhaps too strong an adjective to describe the forthcoming European Union Deforestation Regulation (EUDR), but when the bloc’s Director General for Trade goes on record as describing its current state as "extremely burdensome,"...
Barry Callebaut, the world’s largest chocolate supplier, has launched the Future Farming Initiative (FFI) to build a high-tech and sustainable cocoa farming business under the leadership of Steven Retzlaff.
Cocoa grinding in Germany remained positive in the first quarter of 2024, the Association of the German Confectionery Industry (BDSI) reported, but the rest of Europe remains sluggish.
The new Fairmade label has announced a collaboration at the Farm Shop & Deli show in Birmingham, England, to highlight a more equal business model for African products.
With the new European Union Deforestation Regulation on the horizon, should the industry adopt a more responsible approach to procurement when sourcing cocoa beans and other ingredients? Sign up for our free webinar to discuss!
An investigation by Initiatives for Community Development and Forest Conservation (IDEF) has revealed that some cocoa beans exported from Cote d'Ivoire to the EU originate from deforested land in neighboring Liberia.
Against a backdrop of cocoa topping $11,000 per metric ton on the futures market for the first time last week, Oxfam says its experts will be highlighting the discrepancies in farmgate price at this week’s World Cocoa Conference (WCC) in Brussels (21-24...
Climate change will affect many industries, but few more than cocoa. While farmers on the ground struggle with fluctuating climatic conditions changing working practices, large companies grapple with environmental regulation.
The Rainforest Alliance will outline its plans for greater collaboration in the chocolate industry at the World Cocoa Conference in Brussels next week.
A new video produced by the African Cocoa Marketplace (ACM) reveals the plight of cocoa farmers in West Africa who struggle to grow enough beans to earn a living.
Market update: Analysts have described the upward trajectory of cocoa prices as ‘parabolic’ as cocoa futures rose another 2.7% to a new record of $10,760 a ton in New York on Monday (15 April) before falling back to £10,000 a ton after the dollar index...
Global cocoa and ingredients company Cargill has announced a new commercial partnership with Voyage Foods to produce alternatives to cocoa-based products and nut spreads without using cocoa, peanuts, and hazelnuts.
While there is no indication the world is not about to run out of chocolate any day soon, there are concerns from manufacturers and suppliers that the current high prices and shortage of cocoa beans will push up costs further and, in some cases, restrict...
Barry Callebaut, the world’s largest cocoa and chocolate supplier, reported a sales rise of 11% to 4.6 billion CHF ($5.09bn) compared to last year, but one-off expenses caused by its transformation plan amounted to a lower-than-expected half-year profit.
Dutch sustainable chocolate brand Tony’s Chocolonely has announced Waitrose has become a ‘Mission Ally’ and the first UK-owned retailer to join its unique sustainability supply chain.
A multi-stakeholder initiative has been launched in Ghana to ‘end child labour in all its form,’ by eradicating its root causes, and coordinating ongoing efforts along Sustainable Development Goals (SDGs).
The World Cocoa Foundation (WCF), along with other industry stakeholders, has launched groundbreaking methodology for accurately measuring cocoa household and living incomes.
Ghana will follow Cote d’Ivoire and raise the fixed farmgate price paid to cocoa farmers by up to 50%. The announcement could be made as early as the end of this week, ConfectioneryNews understands.
Tony's Chocolonely has significantly impacted the US market since launching in 2022, attracting fresh investor interest and an expanded retailer presence.
UK Cocoa and ingredient supplier Henley Bridge has announced record profits and an expansion to its senior management team in a push for further volume growth.
Similar to the European Union's deforestation measures to tackle deforestation linked to commodity imports, the UK government has announced a new global deforestation law, but Fairtrade is concerned about the extra costs to farmers.
Cote d’Ivoire President Alassane Ouattara has personally authorized the increase of the cocoa farmgate price to 1,500 CFA francs ($2.47) per kg from the current 1,000 CFA in an official announcement made today (Tuesday, 2 April) in Abidjan.
This Easter, shoppers can do more than choose between milk, dark, or white chocolate eggs; they have the power to make a significant difference to the cocoa farmers, says Fairtrade UK.
Alfred Ritter GmbH & Co. KG, owner of the popular chocolate brand Ritter Sport, is to establish a United States subsidiary headed by confectionery industry veteran Ralf Hilpuesch.
Latin American food conglomerate Grupo Nutresa has launched a new sustainability programme to continue strengthening Colombia’s cocoa chain after posting revenues of $18.9 billion in 2023, representing a growth of 11% compared to the previous year.
Nestlé has announced it is launching two new projects to help address the impact of climate change on cocoa and reduce and remove carbon emissions from its supply chains—as part of its commitment to reach net zero emissions by 2050.
UPDATE: TUESDAY 26 MARCH 2024: Cocoa prices continued to rise this week. Earlier today the price of cocoa beans smashed through the $10,000 a ton for the first time in the futures market after posting gains all week - with chocolate makers passing on...
The European Union (EU) has signalled its intent to delay the most controversial parts of its anti-deforestation regulation (EUDR) after protests by governments in Asia, Africa, and Latin America described the low, standard, or high-risk benchmarking...
Luxury chocolatier Pierre Marcolini has launched a new 'Easter in colours' collection ro celebrate the purest form of spring influenced by bright flowers, budding new shoots and vibrant leaves.
The influential and respected cocoa consultant Dr Kristy Leissle has launched a new marketing company that puts cocoa farmers’ perspectives at the centre of the procurement process so they can share in revenue from the sale of their beans.
Cocoa production in Ghana has been falling off the cliff since posting a record 1.047 million metric tonnes (MT) at the close of the 2020-21 season. A multiplicity of factors account for the downward trend in production, including a prolonged El-Niño...
Swiss subsidiary with a long history of sourcing its premium organic cocoa from Dominican Republic sees demand skyrocket as suppliers look to other regions for sustainable beans.
The El Niño weather phenomenon, which hit the west coast of Africa last year, carrying unseasonal heavy rains followed by dry heat, is the main factor in an 11% drop in the season’s main cocoa harvest, according to the latest figures from the International...
Barry Callebaut Group, the world’s largest chocolate and cocoa supplier, has announced it is cutting approximately 2,500 manufacturing and administration jobs across its global operations.