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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. 

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.

Global sugar prices hit five month low

Latest figures show annual sugar prices dropped 23% year on year globally with expectations that a recovery in prices may be some time yet in coming.

Mars bar goes Fairtrade in UK under new sourcing program

Mars bars in the UK and Ireland will use Fairtrade cocoa under the certification body’s new Cocoa Sourcing Program.

Mondelēz and Cargill join forces on sustainable cocoa

Cargill has formed a partnership to support Mondelēz International’s Cocoa Life program.

Origins

After the Earthquake: Haitian cocoa rep rises on high-end chocolate scene

International chocolatiers are showing increased interest in Haitian cocoa, providing rural Haitians a livelihood in cocoa farming after the country’s 2010 Earthquake, says a Federation of farming cooperatives.

Cocoa Life program update

Mondelēz: Deadlines on sustainable cocoa are not realistic

Mondelēz International plans to eventually source its entire cocoa supply from its Cocoa Life sustainability program, but says setting deadlines won't lead to meaningful impact on the ground.

We must unite Fairtrade and trade union movements: Fairtrade CEO

We must follow the example of Sweden and bring together the two “very noisy” movements of workers' trade unions and Fairtrade, the CEO of Fairtrade International Harriet Lamb has said....

Dispatches from ISM 2015 in Cologne

‘We are going to be naked’: Cémoi to source 100% traceable cocoa

Cémoi plans to trace its entire cocoa supply through a third party verified project it calls Transparence.

What's in CME Group's new cocoa futures contract for processors?

Cocoa processors now have access to a futures contract that specifies the quality and physical delivery of cocoa in the same conventions as are used in the underlying cocoa market...

Cocoa futures denominated in euros provides ease of access, says CME Group

CME Group has launched the first euro-denominated cocoa futures contract, which it claims provides improved hedging mechanisms that better reflect the physical cocoa market.

‘Dramatic decline’ in Asia cocoa grind as emerging markets slow

Asia’s cocoa grind dropped 17.2% in the fourth quarter after an economic slowdown in China, adding another cocoa processing decline to the world jigsaw.

Olam pays $3m to settle unlawful cocoa trading case

The world’s third largest cocoa processor Olam has agreed to pay a fine of $3m for alleged mistrading of cocoa futures but has refused to admit wrongdoing.

Q4 cocoa grind analysis

Recoiling at chocolate price hikes? Cocoa grind slumps in developed markets

Weak fourth quarter cocoa grinds in developed markets suggest that consumers have reacted negatively to wholesale chocolate price hikes from the major brands, according to an analyst.

New World of cocoa: Artisan chocolatiers marvel at origin Nicaragua

Artisan chocolate makers are welcoming Nicaragua as a rare and blossoming cocoa origin, according to supplier Ingemann.

Brands lead on sustainable cocoa goals, Cargill and Barry Callebaut suggest

The leading cocoa processors say they will support brand manufacturers to achieve fully sustainable cocoa, but decline to publicly set their own targets.

Comment

Something’s rotten in the state of cocoa…On the supply side

Ingredients suppliers should set targets to achieve fully sustainable cocoa or risk perpetuating labor abuses in West Africa.

Rabobank: Lower sugar prices set to continue in 2015

Global sugar prices are likely to remain low in 2015 as production looks set to continue at a similar level, according to Rabobank’s Q4 sugar report.

Sugar row hits Real Good Food Company

The Real Good Food Company (RGFC) has blamed its row with British Sugar for its half-year loss and has referred the dispute to the European competition authorities.

Key Industry Events