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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. 

WCF Partnership Meeting

One standard to bind them: Sustainable cocoa framework to go live in 2016

A voluntary framework for sustainable cocoa that could help align industry efforts will be introduced by the end of 2016, say those behind the standard.

WCF Partnership Meeting

Topsy turvy: Sustainable cocoa efforts are upside down, says WWF

Chocolate companies and certification organizations can get better productivity gains by improving underperforming cocoa farmers rather than rewarding top producers, according to the World Wildlife Fund.

WCF partnership meeting: The buzz on cocoa sustainability

What are the chocolate industry and NGOs saying about cocoa sustainability? Catch up with the social media buzz from the World Cocoa Conference’s partnership meeting.

Indonesia

Indonesia’s plantation war with foreign conglomerates continues

Indonesia continues its fight against the foreign domination of its plantation industry and, in particular, crude palm oil (CPO).

Industry 'deeply concerned' by Ebola but no impact on big choc companies yet

Ebola is a huge humanitarian concern for the cocoa and chocolate industry, but contrary to some reports it is not yet having a major business impact for big chocolate players...

Uncertain future for Brazilian cocoa production

Cocoa production in Brazil is expected to fall 15.7% in the next 10 years.

Emergency relief

Cocoa and chocolate firms must act to stop Ebola spread, says Transmar Group

Cocoa Ingredients supplier Transmar has called on cocoa and chocolate companies to make a donation to the Red Cross or Caritas to combat the spread of the Ebola virus in...

Event preview

Industry cocoa sustainability efforts take center stage at WCF meeting

The chocolate industry’s biggest players will discuss how to move forward on cocoa sustainability at the World Cocoa Foundation’s meeting in Copenhagen next week. ConfectioneryNews will be there to bring...

Market uptake surges for RSPO-certified palm oil

RSPO-certified sustainable palm oil now accounts for 18% of the total global palm oil market, up from 15% last year, according to the Roundtable on Sustainable Palm Oil (RSPO).

Retailers need to up sustainable cocoa game, says BDSI

Supermarkets in Germany cannot neglect their role in bringing about a sustainable cocoa supply chain, says the German confectionery association BDSI.

Origins: Cocoa’s coming home

Nicaragua: A future fine flavor cocoa origin, but work needed

Nicaragua holds potential as a future fine flavor cocoa origin as farmers shift from coffee to cocoa, but much work is needed to improve fermentation practices, according to Atlanta Chocolate’s...

One step closer: Hershey ‘goes beyond RSPO’ in fresh palm oil pledge

Hershey has developed a palm oil sourcing policy that it claims goes further than its previous Roundtable on Sustainable Palm Oil (RSPO) commitment.

Sugar prices to edge upwards for 2014/15, says Rabobank

Raw sugar prices are forecast to rise as much as 7% by Q2 2015, but recent trading suggests prices will come down in the longer term, according to an analyst at Rabobank.

Oxfam calls for greater controls on huge agri public–private partnerships

The increasing trend towards government investment partnerships with large multinationals threatens land rights, equality and the environment in Africa, an Oxfam report warns.

Hershey and Cargill team up on Ivorian cocoa program

Hershey has partnered with its supplier Cargill to bring its cocoa sustainability program to the Côte d’Ivoire, helping farmers achieve UTZ certification. 

Fairtrade certified goods on the up in producer countries

Consumers in producer countries are increasingly interested in Fairtrade certified products as a means of supporting their domestic economy, according to Fairtrade International’s annual report.

Chocolatiers offered ‘some release’ as ICCO extends cocoa surplus

The International Cocoa Organization (ICCO) has revised its estimate for the 2013/14 cocoa season and now expects a slightly larger supply surplus.

Editor's Blog

Over half of certified cocoa may be sold as conventional cocoa

Over half of cocoa grown on certified farms may be sold as conventional cocoa rather than commanding a premium price for farmers.

Fully certified cocoa ‘a prerequisite for doing business in chocolate’, Cloetta tells SMEs

Buying certified cocoa only from third party organizations such as UTZ Certified is now an essential part of doing business for all chocolate companies, not just the big ones, says...

First half of 2014 brings record sales of RSPO Certified Sustainable Palm Oil

Demand for the sustainable oil is rising faster than supply for the first time as total sales of Certified Sustainable Palm Oil (CSPO) reach more than 2.4 million metric tonnes (MT).

Premium chocolatiers take note: Colombia to renew high-quality cocoa plantations

Higher cocoa prices in the international market could kick-start Colombia’s plans to replant up to 80,000 ha of its cocoa bean acreage.

Soaring hazelnut prices heap pressure on confectioners

Rising hazelnut prices are putting further pressure on confectionery manufacturers, who are already contending with mounting cocoa costs.

‘Watch out for Central America’: Quality cocoa set to surge

The next several years will herald a surge in quality cocoa volumes from Central America creating opportunities for premium origin chocolates, says Lutheran World Relief.

“The IEA does not accept state money, and all of our research is independent of corporate funding.”

UK think tank denies Malaysian palm oil conflict of interest accusations

The Institute of Economic Affairs (IEA) has said categorically it does not accept state money, following accusations by a Malaysian media outlet that the UK think tank is in bed...

Tate & Lyle miss first-quarter profit target

Ingredients giant Tate & Lyle has said that group operating profit from Q1 fell below expectation after it was hit by poor weather and exchange rates.

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