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News > Commodities

Commodities

Cocoa and sugar are commodities right and the heart of the confectionery industry. This section follows the volatile supply and demand situation and price fluctuations for commodities such as cocoa, sugar and palm oil and how these commodities can be sourced sustainably. 

CocoaAction to initiate ‘unprecedented’ $52m education program in cocoa communities

The industry-backed platform CocoaAction has partnered with the Jacob’s Foundation for a $52m education program for cocoa growing communities in Côte d’Ivoire, where the majority of young people fail to...

News in brief

RSPO strengthens its stance on deforestation and human rights

Stricter voluntary guidelines on deforestation, peatland development and indigenous people’s rights will strengthen the sustainable palm oil certification, says the RSPO.

Chocolate industry should embrace anti-extreme poverty tax, says Puratos Grand-Place

The chocolate industry can curtail extreme poverty in the cocoa sector by implementing higher prices that can be passed from consumers to farmers, says Puratos Grand-Place.

Special edition: Beyond 2020 - The future of sustainable cocoa

‘We cannot let Indonesia fail’: Mars stresses Asia’s importance in meeting future cocoa demand

Asia is poised to help meet rising demand for cocoa, but its key producer Indonesia faces quality concerns and its government lacks incentive to grow the sector.

Special Edition: Beyond 2020 - the future of sustainable cocoa

Technological black hole to mechanize smallholder cocoa sector

The cocoa industry must intensify production on existing farmland, but technology to do so is limited or out of reach of impoverished farmers.

Special Edition: Beyond 2020 - The future of sustainable cocoa

Chop, chop: Cocoa dependents must finance farm training before more forests are axed

The chocolate industry must ramp up support for good agricultural practices on existing cocoa farmland or else rainforest will be chopped down to make way for new plantations and it...

Special edition: Beyond 2020 - The future of sustainable cocoa

Hot chocolate: How will industry protect its key commodity from climate change?

Rising temperatures could seriously change where cocoa is grown in the next half-century and global output could be threatened if the chocolate industry does nothing to protect its key crop.

Nut enough: Ferrero goes to Serbia for more hazelnuts

Italy’s confectionery major Ferrero has purchased almost 700 hectares of fertile agricultural land controlled by Serbian agricultural company Aleksa Santic for €7.95m ($8.64m).

Dispatches from Asia Choco Cocoa Congress in Singapore

State-owned plantations could rouse Vietnam’s cocoa industry

Vietnamese state-owned companies plan to convert some coffee and rubber plantations to cocoa, delivering a significant boost to the country’s annual output, says Vietnam’s principle cocoa buyer Puratos Grand-Place....

Sustainability standards in the spotlight: ‘Still taking baby steps’

A single, unifying sustainability standard would be helpful for consumers – but it’s a long way off, says Organic Monitor president and founder Amarjit Sahota.

Europe and North America cocoa grinds slump in Q1

Cocoa processing has dropped in North America and Europe in the first quarter of 2015, but a futures analyst says chocolate demand remains steady.

Event preview

Asia Choco Cocoa Congress 2015: Sourcing cocoa for Asia’s choc boom

Multinationals chocolate companies and the public and private sector will come together this week to assess the future of cocoa sustainability in Asia and how to capitalize on rising chocolate...

Bitter chocolate: Primates wiped out in many Côte d’Ivoire areas – where illegal cocoa farming is on the rise

Illegal cocoa farming is an increasing threat on primate populations in Côte d’Ivoire’s protected areas, say researchers in the journal Tropical Conservation Science. 

Slump in sugar prices driving down overall food prices: FAO

A sharp drop in sugar prices is the main factor behind a fall in overall global food prices, says the UN’s Food and Agriculture Organisation (FAO).

Directly source fine flavor cocoa to expand premium chocolate segment, says Duffy’s

Chocolate companies should buy fine flavor cocoa directly from growers and pay greater premiums to expand the premium chocolate segment, says artisan firm Duffy’s Chocolate.

Mondelēz to bear costs in wheat futures manipulation charge

The U.S. Commodity Futures Trading Commission (CFTC) charged Mondelēz International and Kraft Foods for manipulation and attempted manipulation of the prices of cash wheat and...

Ending unlawful child labor in cocoa: Nestlé approach can be the model, says ICI

Nestlé has implemented a child labor prevention system that goes further to detect and stamp out the practice than existing methods, according to its implementing partner the International Cocoa Initiative...

United Cacao continues infrastructure work despite injunction, claims NGO

A local NGO has taken overflight images of United Cacao’s plantation in Peru that purport to show industrial activity despite a 90-day suspension order. The firm says it is operating...

ConfectioneryNews Investigation

Did United Cacao destroy Amazon rainforest to clear path for world’s largest cocoa plantation?

United Cacao is accused of clearing primary forest in the Peruvian Amazon and usurping local farmers to make way for what will be the world’s largest cocoa plantation - allegations...

Guest article

A different perspective: Cocoa Buyers must be incentivised to improve chocolate supply chain

Cocoa buying companies are the main intermediaries between the chocolate industry and farmers and should not be forgotten in the pursuit of sustainable cocoa, writes one of the largest licensed...

EU food commodity imports linked to illegal deforestation

The European Union is a major consumer of food commodities sourced from illegally deforested land, according to a new report from Brussels-based NGO Fern.

Who’s drawn the short straw? Chocolate makers can’t expect higher cocoa yields under short-term contracts

The chocolate industry must commit to longer sourcing agreements if it expects farmers to be able to invest in cocoa productivity and quality, according to a leading farming cooperative in...

Cocoa Barometer 2015

Extreme poverty ignored in sustainable cocoa drive, say NGOs

Chocolate manufacturers have made great strides in cocoa sustainability, but are fixated on boosting productivity and can do far more to ensure cocoa farmers receive a living income, according to...

Divine Chocolate questions Fairtrade cocoa sourcing program

Divine Chocolate says multinationals are escaping fuller Fairtrade commitments under the certification body’s new rules. But Fairtrade says its sourcing program is the only way to reach cocoa farmers at...

Cocoa back in deficit for 2014/15, predicts ICCO

The cocoa market is expected to revert to a deficit in the current cocoa year as dry weather and dusty winds harm production.

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