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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. 

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.

Exclusive interview

Clock won't stop for cocoa sustainability in 2020, says Barry Callebaut

The cocoa and chocolate industry must continue working towards a sustainable cocoa economy and better livelihoods for cocoa farmers after 2020, says Barry Callebaut’s VP of Cocoa Sustainability.

FDF guide aims to boost sustainable palm oil use

The UK’s Food and Drink Federation (FDF) has published a guide to help food companies switch to sustainably sourced palm oil.

‘No palm oil’ label battle won’t start trade or court war: Malaysian minister

The Malaysian government says it is assessing what action it should take to address ‘no palm oil’ labels in France and Belgium, the legal grounds for which have come under...

Food Empowerment Project urges transparency on child slavery

West Africa boycott needed for slave-free chocolate, says consumer group

The Food Empowerment Project has called on US chocolate makers to list cocoa country of origin on pack so consumers can avoid brands that use cocoa from West Africa, where...

Cash injection to boost cocoa processing in Africa

 The African Export-Import Bank (Afreximbank) has provided $350m to support cocoa processing in the four major producing countries in Africa.

United Cacao plots world’s largest cocoa plantation

United Cacao has listed on the London Stock Exchange to set up the world’s largest commercial cocoa plantation in Peru and promises fermentation to buyers’ standards.

ICCO extends cocoa surplus for 2013/14

The International Cocoa Organization (ICCO) has estimated a larger surplus for the cocoa year just past and has noted an increase in origin grindings.

Chocolate shortage ‘overstated in the extreme’, says ICCO

The International Cocoa Organization has quelled media reports of a chocolate crisis in 2020 and says there are sufficient cocoa stocks for the next five years.

Peru to become top 10 cocoa exporter, says USDA

Cocoa production in Peru is set to rise 5% in calendar year 2014 and increases in planting will see the country become a key cocoa exporter in the coming years,...

Gender inequality not just social but structural and choc giants must realize this: Oxfam

Confectionery giants Mondelēz International, Nestlé and Mars must do far more to ensure women are not blocked from day-to-day commercial cocoa operations because of issues like land rights, according to...

Sugar policy shake-up to squeeze cane producing countries

The Fairtrade Foundation has urged food companies and retailers to choose Fairtrade sugar, amid concerns that a sugar price slump and CAP reforms could push thousands of workers into poverty.

Q3 cocoa grind roundup

Combined cocoa ratio grinds down bean processing in Q3

A lower combined cocoa ratio has caused a decline in cocoa processing in Europe and Asia in Q3, but North America has bucked the trend and could mean consumers in...

Is there a place for certified cocoa after the ISO/CEN sustainability standard?

Certified cocoa bodies can co-exist with an international standard for sustainable cocoa that will be finalized in 2016, according to delegates at the World Cocoa Foundation’s partnership meeting.

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.

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