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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. 

CME Group spills beans on new cocoa contract

Futures exchange company CME Group has made a “strong commitment” in the cocoa market and plans a new contract to rival the IntercontinentalExchange Group (ICE).

Cocoa farmers spend 36% of premiums on productivity: Fairtrade International

Fairtrade certified cocoa farmers spend 36% of their premiums on increasing productivity and cocoa quality – far above Fairtrade International’s suggested 25% minimum, a report from the organization reveals.

News in brief

Chocolate will never be a niche luxury: ICCO executive director

The executive director of the International Cocoa Organization (ICCO) has rejected suggestions that chocolate could become an expensive luxury in the face of a global cocoa deficit.

The Buzz: World Cocoa Conference 2014 on social media

Relive highlights from the World Cocoa Conference 2014 in Amsterdam and discover what chocolate companies, NGOs, cocoa farmers, traders and analysts are saying about cocoa sustainability.

Nestlé-backed study unlocks cocoa fermentation acetate mystery

Exploring the mechanisms controlling acetate formation during cocoa fermentation may help identify the best starter cultures to optimize flavor attributes, according to a team of scientists supported by Nestlé.

Dispatches from World Cocoa Conference 2014

Cocoa surplus for 2013/14; small deficit for next season - ICCO

The International Cocoa Organization (ICCO) has estimated a cocoa surplus for the current crop year, but said the market would return to a small deficit next year.

Fair Trade USA and UTZ Certified strike pilot cocoa certification partnership

Fair Trade USA and UTZ Certified are piloting a collaborative cocoa certification scheme that they say will reduce costs for farmers looking to get dual certification.

Dispatches from the World Cocoa Conference 2014

‘We can afford to increase the price of chocolate,’ says ICCO executive director

Manufacturers can increase the price of chocolate without fear of putting off consumers thus ensuring cocoa farmers are fairly paid, according to executive director of the International Cocoa Organization (ICCO).

News in brief

Forget the World Cup: World Cocoa Conference kicks off this week

ConfectioneryNews will be bringing you the latest on cocoa sustainability from the World Cocoa Conference 2014 in Amsterdam, Netherlands, this week.

New UTZ code: Child labor ‘prevention’, climate changes, living wages and gender equality

Certifiers UTZ says a redraft of its code of conduct focuses on ‘prevention’ and monitoring of child labor on farms as well as including new measures around climate change.

Olam invests $61m in first Asian cocoa plant

Agri-giant Olam International has announced plans to invest $61m in a new cocoa-processing plant in Indonesia, its first in the region.

More EU members urged to back sustainable palm oil trading

Sustainable palm oil trader GreenPalm will use this year’s European Roundtable for Sustainable Palm Oil (RSPO) Summit as a platform to urge key players in the EU palm oil industry...

Guest article

No future for chocolate if cocoa farmers are deep-rooted in poverty

Chocolate could become a small and expensive niche product unless we all do more to help cocoa farmers escape poverty, writes UTZ Certified executive director Han De Groot.

News in brief

Asian cocoa grind up 4% in Q1

The amount of cocoa processed in Asia grew 4% in the first quarter of 2014 compared to the same period last year.

Chocolatiers back project for world’s first certified sustainable hazelnuts

UTZ Certified has begun a three-year initiative to develop a certified sustainable hazelnut supply in Turkey, which accounts for 70% of global production.

European cocoa grind slows in Q1

The amount of cocoa processed in Europe has remained flat in the first quarter of 2014 following three quarters of growth, according to the European Cocoa Association.

CIUS calls for close monitoring in ‘uncertain’ EU sugar market

European Sugar Users (CIUS) has called on the European Commission to implement temporary market measures should sugar end stocks fall below a certain threshold amid uncertainly in the EU sugar...

‘We’re not big candy’: NCA says most confectioners are small to medium sized family companies

The US National Confectioners Association (NCA) has hit out at claims from the American Sugar Alliance that the confectionery industry is dominated by big players and is crying poor about...

2020 sustainable cocoa targets ‘a tall order’ – Intertek

Chocolate makers may struggle to guarantee their entire cocoa supply comes from a sustainable source by 2020 targets, according to auditing service Intertek.

Animal feed industry gets a new website

A new website has been launched to supply breaking news for the global animal feed industry – a sector that was valued at $500 billion last year.

ONE WEEK TO GO - HAVE YOU REGISTERED YET?

One week to go: FoodNavigator’s Sugar Debate separates the fact from the fiction

Sugar has been linked to everything from heart disease to obesity and cancers in recent months. But is it as bad as all that? Our free-to-attend debate aims to tackle...

News in brief

Ferrero makes Fairtrade cocoa commitment after rule change

Italian confectioner Ferrero has agreed to purchase 20,000 MT of certified cocoa over 3 years under Fairtrade International’s new Cocoa Program.

Self-regulation on cocoa child trafficking inadequate: NGO points finger at Mondelēz

NGO STOP THE TRAFFIK has accused Mondelēz International of lagging behind its rivals by attempting to self-regulate child trafficking in the cocoa sector.

CIUS: EU must act on sugar shortage risk

The Committee of European Sugar Users (CIUS) has called on EU member states and the Commission to take adequate measures to avoid sugar shortages and guarantee a sufficient stock level...

Dispatches from State of the Industry Conference in Miami

Not in industry’s interests to raise chocolate prices in face of cocoa shortfall: NCA

Chocolate makers are well prepared for current cocoa deficit forecasts and will only be forced to raise prices if other inputs such transportation become costlier along with cocoa, according to...

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