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Commodities

Cocoa and sugar are commodities right at 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. 

Nigeria needs export tariffs to realize cocoa potential, says PwC

Nigeria is the world’s sixth largest cocoa producer, but has scope to significantly boost its output and processing capacity, according to a report by PricewaterhouseCoopers (PwC).

Sugarcane supply chain: Industry urged to address forced labour issues

Mondelēz and Archer Daniels Midland are among a number of food and beverage companies making ‘limited’ efforts to understand and assess forced labour risks in their sugarcane supply chains at the...

UTZ becomes International Cocoa Initiative’s first nonprofit partner

Certification program UTZ has become the first non-industry partner of the International Cocoa Initiative (ICI).

Cocoa prices to stay low in short term even as chocolate markets are ‘strong’

Cocoa prices are expected to remain fairly flat until Q1 2018 even as the world’s largest chocolate market, the US, is growing, according to Rabobank.

Startup Watch

Uncommon Cacao: Startup decommoditizing cocoa for craft chocolate movement

US startup Uncommon Cacao is enjoying revenue growth as it supplies raw cocoa beans to artisan chocolate makers disconnected from world market prices.

Ferrero in talks to develop hazelnut production in Azerbaijan

Ferrero has discussed increasing hazelnut production in Azerbaijan with the country’s government.

Ex Transmar cocoa execs face US criminal fraud charge

Former executives of bankrupt cocoa trader Transmar are facing fraud charges in a US federal court.

Mondelēz scales up Cocoa Life, but total volumes sourced sustainably flat at 21%

Mondelēz International reached more farmers via its Cocoa Life program in 2016, but total volumes of sustainable cocoa were unchanged year-on-year.

Barry Callebaut joins Bonsucro to ramp up 100% sustainable sugar pledge

Barry Callebaut has joined global sugarcane platform Bonsucro to support its move to 100% sustainable ingredients.

Ferrero to map 100% of its cocoa supply to farm gate by 2018

Ferrero says it is on course to trace its entire cocoa supply to farm gate by next year, which it says will support its commitment to zero deforestation.

‘Underestimated’ water scarcity could hit the EU confectionery market

Agricultural commodities core to Europe’s confectionery industry such as sugarcane, hazelnuts and almonds are vulnerable to water scarcity in the near term, according to an EU-funded report.

Cocoa in the Congo: Emerging origin for organic chocolate makers

Cocoa production is thriving in the Democratic Republic of Congo, presenting an opportunity for the chocolate industry, say stakeholders working in the country.

Grinding in profits: European cocoa processing rises 2% in Q2

The European cocoa grind has risen in the second quarter (Q2) as it became more profitable to process cocoa.

Unknown faces: Who are the farmers behind your cocoa and palm?

Confectionery companies should collectively push suppliers to make traceability the norm rather than a premium service, as it is the only way to guarantee sustainable cocoa and palm oil, says...

Exclusive interview

Caobisco encourages deadlines for 100% certified cocoa and palm oil

EU confectionery trade body Caobisco is encouraging its members to set a date by which they will source all cocoa and palm oil from a certified sustainable source.

Supply chain performance not profitability at heart of food firms’ voluntary sign-up

Motivations for voluntarily implementing food traceability schemes stem not from the need to maximise profits but enhance information, safety and quality management within the supply chain.

More child labor prevention needed as cocoa prices fall, warn UTZ and ICI

 A sharp decline in cocoa prices could put children at increased risk of child labor unless more is done, say the heads of UTZ and ICI.

Mondelēz signs deal with Côte d'Ivoire & Ghana deal to reduce cocoa deforestation

Mondelēz’s sustainability program, Cocoa Life, will collaborate with governments in Côte d'Ivoire and Ghana to reduce deforestation in the cocoa supply chain.

Confectionery industry can go beyond RSPO palm standards, says Palm Done Right

Confectionery firms can go further than RSPO standards by sourcing organic palm oil that meets the standards of Palm Done Right, claims the developer.

Co-op UK to source 100% Fairtrade cocoa under hybrid model for retailers

Co-op UK has invested in a women's leadership program in Côte d’Ivoire as part a move to source all cocoa for own label products as Fairtrade.

United Cacao loses libel case against ConfectioneryNews

A Cayman Islands-registered company allegedly tied to deforestation in the Peruvian Amazon has lost a libel case against ConfectioneryNews and its publisher.

‘Simplest way’ is to pay more: Chocolate industry urged to up farm gate price to avert poverty in cocoa

A group of NGOs, including the VOICE Network, Solidaridad and Oxfam, are encouraging chocolate makers to set a minimum price for cocoa and to eventually move to a flexible premium...

Our own cocoa buying company in Ghana cuts out middlemen to benefit farmers, says Cargill

Cargill says its recently established licensed buying company (LBC) in Ghana helps cocoa farmers avoid being paid through a third party.

Equal partners: Cocoa farmer group calls to implement sustainable chocolate programs

Sustainable chocolate programs must treat cocoa farmers as equal implementing partners, says the World Cocoa Farmers Organization (WCFO).

ECOM buys Euromar to guard against cocoa price volatility, says commodity insider

ECOM's proposed deal to acquire German cocoa grinder Euromar will help protect it from cocoa price fluctuations, says a commodities consultant.

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