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News > Commodities

Cocoa deficit forecast to fall but prices remain high

Latest figures from the International Cocoa Organization (ICCO) suggest that there will be a rise in world production of cocoa compared to last year and a rise, though smaller, in...

Sugar and currencies blamed for Tate & Lyle profit drop

Tate & Lyle has reported an 11 per cent drop in pre-tax profits to £244m (c €307.3m) for full year 2008, a result of troubles in international sugar trading and...

Major HFCS users unlikely to ditch it for sugar, expert

Some food and beverage manufacturers may switch from high fructose corn syrup (HFCS) to sugar as a result of high corn prices, but this is only likely to be the...

Imperial Sugar to rebuild refinery damaged in blast

The Imperial Sugar Co today said it will rebuild the parts of its Georgia sugar refinery that were damaged in last year's explosion, reinstating it as the second largest refinery...

Callebaut ethical investment ensures cocoa traceability

Barry Callebaut has acquired a 49 per cent stake in Biolands of Tanzania, Africa's largest exporter of certified organic cocoa, after purchasing 100 per cent of its top-end cocoa for...

US consumer group warns against GM sugar beets

Citizens for Health, a US consumer advocacy group, has launched an online campaign to warn consumers about the dangers of genetically engineered (GE) sugar beets in food products.

Cargill builds first sugar refinery

Ingredients firm Cargill yesterday announced the construction of its first ever sugar refinery in the US, as part of the company's plans to provide all possible sweeteners or sugars to...

ICCO places more focus on sustainable cocoa

Sustainable cocoa production and standards were the focus of the first meeting of a working group for the Roundtable on a Sustainable Cocoa Economy (RSCE), organised last month by the...

Cosun defies sugar conditions to report growth

Cosun is expecting its recent acquisition of CSM Suiker to prop up its margins somewhat in the coming year, as conditions remain tough for the European sugar industry.

Barry Callebaut takes majority stake in Malaysian cocoa firm

Swiss chocolate company Barry Callebaut is to purchase a 60 per cent share of Malaysia's KL Kepong Cocoa Products in a move designed to increase its sourcing capacity in Asia.

Danisco reshuffles ingredients ahead of sugar split

Danisco is reorganising its ingredients business in a bid to target market trends like health and wellness more closely, and deal with issues that have been affecting parts of its...

News briefs: Cocoa, Cadbury and Sweet China

In financial news this week, cocoa prices go up yet again, Cadbury reveals more de-merger plans, and Sweet China is allowed to return to the London stock market.

Defra angers union over sugar compensation u-turn

The UK National Farmer's Union (NFU) said yesterday it is considering legal action after UK body Defra revealed it was planning to re-open negotiations on how much compensation sugar growers...

Religious investors call for boycott of GM sugar

A coalition of ethical stock market investors have called on 63 US food, beverage and restaurant companies to stop using genetically modified (GM) sugar beet.

Confectioners face even higher cocoa prices

The price of cocoa continued to hit record highs on the stock market in January, increasing by an average 4.6 per cent on the London and New York stock exchanges.

Sugar companies may face compulsory quota cuts

The European Commission may have to enforce compulsory final sugar quota cuts of 1.16m tones in 2010 with no compensation, as current renunciations fall below targets.

Tate & Lyle makes massive fairtrade sugar switch

Tate & Lyle is to convert its entire retail sugar range to fairtrade in the largest fair-trade switch ever made by a UK company.

Indian chocolate demand fuels domestic cocoa increases

In response to rising demand in the chocolate industry and reduce dependency on imports, Indian cocoa producers have said they will increase domestic cocoa production by 60 per cent in...

Sugar-free confectionery moves to mainstream

More than half of consumers say they are willing to switch to sugar-free versions of traditional confectionery lines, which suggests that sweeteners are no longer considered a 'niche' ingredient in...

Weekly Comment

The ethical cocoa confusion

While most consumers agree that ethically-sourced cocoa is no bad thing, an ever increasing number of different schemes risks muddying the issue and puzzling chocolate fans.

Danisco sugar production tops 1m tonnes

Record yields from sugar beet fields in several countries have resulted in a bumper sugar harvest for Denmark's Danisco group.

Mars, Nestle promise ethical cocoa supply

Global confectioners Mars and Nestle have joined a sustainable cocoa programme, which aims to establish a traceability system for all farmers in the Ivory Coast.

Lawsuit filed over Monsantos GM sugar beet

A lawsuit has been filed against the United States Department of Agriculture (USDA) over the approval of a herbicide resistant genetically engineered sugar beet.

News briefs: Cocoa, Thorntons and Dunkin Donuts

The price of cocoa is still on the up; Thorntons reports strong sales over the winter season; and Dunkin' Donuts teams up with Mars for a new 'chocolaty' product range.

ABF revenues increase despite sugar losses

Associated British Foods today reported 13 per cent revenue growth for the 13 weeks ending 5 January 08, however the overall results were marred by a poor performance from the sugar sector.

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