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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. 

Hershey ups palm oil pledge but Greenpeace wants more

Hershey has committed to purchasing 100% traceable and sustainably-sourced palm oil by the end of 2014. Greenpeace has welcomed the move, but has reservations about timelines and terminology.

Third time unlucky: Cocoa deficit to hit prices in 2014?

A third consecutive cocoa deficit will send prices skyrocketing in 2014, according to Rabobank analysis.

Cocoa deficit trebled by ICCO for 2012/13

The global cocoa deficit for the 2012/13 crop year was worse than previously expected, according to revised figures from the International Cocoa Organization (ICCO), which has tripled its estimate.

Barry Callebaut: Just paying more for cocoa wouldn’t work

Simply paying African cocoa growers more will not incentivize them to move away from the encroaching, more lucrative industries of palm and rubber, says Barry Callebaut.

Organic chocolate threat: Farmers lack sufficient incentives to grow organic cocoa

The industry needs to think how farmers can be incentivized to grow organic cocoa because premiums do not currently compensate the productivity shortfalls from not using pesticides and fertilizer, according...

A tale of two farmers: The human cost of unsustainable cocoa

Sustainable supple chain adviser Solidaridad demonstrates the impact unsustainable cocoa has on farmers' lives in a new multimedia art exhibition in the Netherlands.

Serious cocoa deficit looms unless industry moves beyond certification ‘box ticking’ - Solidaridad

The industry needs to go beyond certification box-ticking to avoid a sizable cocoa deficit by 2020, says sustainable supply chain adviser Solidaridad.

Confectionery industry shirking palm oil responsibilities with RSPO: Greenpeace

Many confectioners are sidestepping responsibilities on sustainable palm oil by only ensuring products meet ‘inadequate’ RSPO standards, according to Greenpeace.

Turning the page on sustainability: Can cocoa waste notebooks improve the bean supply?

Stationery made from the pruned bark of cocoa trees contributes to a sustainable cocoa bean supply and allows confectioners to deliver a marketing story, according to supplier Cocoa Paper.

Unilever and Ferrero palm oil pledges show ‘an industry in transformation’

Unilever and Ferrero both said they would strengthen their commitments to sustainable palm oil this week – a sign of an industry in transformation, according to Catapult, an organisation working...

News in brief

Cargill renews CARE cocoa partnership in Ghana

Cargill has invested $800,000 to renew a sustainable cocoa partnership with NGO CARE for another three years.

Editor's Blog

Cocoa certification: Does a minimum price distort the market or protect the farmer?

UTZ Certified argues that guaranteeing cocoa farmers a premium distorts the market by discouraging them from adopting good agricultural practices as they are guaranteed a premium regardless of quality. Fairtrade...

Palm oil: Beyond the headlines and addressing the reality

Deforestation, loss of habitats, social upheaval and vast swathes of smoke: there’s no doubt the palm oil industry is guilty of continuing atrocities against both planet and humanity.

Ghana cocoa ban pure speculation, says Cocobod

The Ghanaian Cocoa Board (Cocobod) has categorically denied an impending ban on cocoa exports due to high levels of pesticide residues on beans.

‘The farmer is a businessman and we need to approach him as such’ - GrowCocoa sustainability director

Business skills are as important to cocoa farmers as material addressed in field schools, says the program director of Olam and Blommer Chocolate’s independently-run joint venture project Grow Cocoa.

Exclusive interview

Unilever joins with Solidaridad to tackle sustainable sugar cane challenge

Food manufacturing giant Unilever will work with international non-profit Solidaridad to drive the sustainable development of the sugar cane industry in Central America.

Europe’s chocolate industry plays catch as Q3 cocoa grind climbs 5%

The tonnage of cocoa beans processed in Europe in the third quarter by the likes of Barry Callebaut and Cargill has risen by 4.7%. Euromonitor says the industry is playing...

Chocolate bar prices climb 25% in past year as cocoa deficit deepens: Mintec

Soaring cocoa butter prices have upped the cost of chocolate bar manufacture in Europe by 25% in the past 12 months, according to commodity analysts Mintec, which claims the cocoa...

News in brief

Cargill closes in on ADM Cocoa – reports

Cargill is close to snapping up ADM Cocoa, according to reports, but both companies remain tightlipped.

Bitter sweet: Rising dark chocolate consumption drives up price

Rising dark chocolate consumption is driving up prices, according to data from Euromonitor International, with China, Switzerland and the US having the highest retail value.

Hershey-funded school should curb child labor, says Barry Callebaut

Barry Callebaut has collaborated with Hershey to build a primary school in a western cocoa-growing region of Côte d’Ivoire – a move that should ensure children stay off the farms,...

Enough cocoa for chocolate makers this year but price hike looms: ICCO

The International Cocoa Organization (ICCO) has slightly reduced its cocoa deficit forecast for the current crop year and says there are ample stocks for chocolate manufacturers, but a deficit next...

France and Germany pledge to source 100% sustainable palm oil

French and German palm oil industries and users have joined a handful of other European countries in committing to source all palm oil sustainably with national pledges announced at the...

Will European sugar users switch to isoglucose when quotas end?

The success of isoglucose in the EU largely depends on whether food and drink companies decide to make the switch from sugar, says managing director of the European Starch Industry...

Armajaro considers winding down cocoa ops in Ecuador

Cocoa trader Armajaro is considering closing its operations in Ecuador, but says it is business as usual in the Ivory Coast.

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