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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. 

News in brief

ICCO clarifies 2012/13 cocoa deficit after leak

The International Cocoa Organization (ICCO) has reiterated its cocoa deficit forecast for the 2012/13 season after a public leak led the market to erroneously believe the shortfall was greater than expected.

News in brief

Asia cocoa grind climbs 10%

The amount of cocoa processed in Asia grew 10% in the fourth quarter of 2013 compared to the same period last year.

UTZ: Certification is our weapon against cocoa deficit

Certification is one of the most potent tools for chocolate makers to avoid serious cocoa shortages and to improve the lives of farmers, according to the burgeoning certified cocoa organization, UTZ...

EU agrees rules to curb food speculation

The European Commission has agreed new rules to curb speculation in food commodities, in order to avoid a repeat of the global food price spikes seen in 2008.

Shining light or dying star? European cocoa grind registers 6% rise

Cocoa grinds are up in Europe and the chocolate market is set to follow, but other markets are shining more brightly and will continue to do so, according to Euromonitor.

Oxfam aftermath: Women central to the future of cocoa, says Mars

A sustainable cocoa supply chain is reliant on women, who provide a large portion of the labor and often invest earnings on items that benefit their community, says Mars Chocolate...

Sugar prices to edge higher as deficit looms

Sugar prices are set to edge upwards of 8% next year due to a decline in global production, according to Rabobank.

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...

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