
Cocoa prices have doubled over the last three years and have put massive pressure on the confectionery industry with modest price rises unable to absorb the cost increase. The commodity has been pushed higher by tight supplies from major growing countries like the Ivory Coast, an anticipated upturn in demand as the world comes out of recession, and speculative buying.
08-Feb-2012 - The chocolate and cocoa industry has backed an EU resolution to tackle child labour in cocoa production and warns children may still have produced cocoa that is 100% certified.
31-Jan-2012 - A committee of MEPs is calling on the European Commission (EC) to consider legislating against use of child labour in cocoa plantations that fuel the EU's demand for chocolate, while the world's largest food firm Nestle has outlined its measures to safeguard against the problem.
23-Jan-2012 - Cocoa giant, Barry Callebaut will become a first choice source of cocoa and chocolate for ice cream manufacturer Unilever under a new long-term global partnership.
05-Dec-2011 - A larger than expected supply of cocoa beans from West Africa will add to high buffer stocks and push cocoa prices down by 4%, according to financial service provider Rabobank.
30-Nov-2011 - Nestle has become the first food company to allow the Fair Labor Association (FLA) to investigate whether children are working on cocoa farms supplying its factories as the company said that it would almost certainly be the case.
21-Nov-2011 - The world’s leading cocoa manufacturer Barry Callebaut has entered a joint venture with Indonesian cocoa exporter P.T. Comextra Majora and has announced plans to build a €24m manufacturing facility.
21-Oct-2011 - Cocoa production in Germany has risen by 36% on the same quarter last year due to an improved political situation in Ivory Coast, according to the Association of the German Confectionery Industry (BDSI).
13-Oct-2011 - It will take every tool in the box to combat the effect of climate change on cocoa production, warn industry experts following the publication of research into the impact of rising temperatures on farmers in West Africa.
27-Sep-2011 - Newly identified types of cacao plants with unique flavours that could be in the confectionery industry have been identified by researchers exploring the Peruvian Amazon Basin.
24-Aug-2011 - Cargill’s drive to secure a good quality and sustainable supply of cocoa beans is filtering down to famers in Cote d'Ivoire as it has just made premium payments totalling more than US $2.2m.
01-Aug-2011 - Indonesia is the focus of an extension of Nestlé’s sustainable Cocoa Plan initiative, with the Swiss food group aiming to pump $4m (€2.7m) into bean production in that country.
01-Jul-2011 - The Indonesian cocoa processing sector is ripe for further investment from multinational food manufacturers, a spokesperson from the country’s investment authority said.
30-Jun-2011 - Cargill has appointed a specialist team to drive forward its work on the production and supply of sustainable cocoa.
23-Jun-2011 - Confectionery giant Mars predicts a major cocoa shortage by 2020 and reveals harmonization of global cocoa certification programmes to ensure meaningful income hikes for farmers is one of its sustainable cocoa project goals.
25-May-2011 - With cocoa per-tonne prices standing at about €2080 in the aftermath of the Ivory Coast crisis, chocolate suppliers are coming to the fore with solutions to deliver ‘chocolateness’ with less chocolate content in goods like muffins and baked foods.
05-May-2011 - Reflecting the continuing industry trend toward outsourcing, Barry Callebaut said a new supply deal it has agreed with Hershey will put its annual deliveries beyond the current 80,000 metric tonnes.
20-Apr-2011 - Another milestone has been achieved in the UTZ certified sustainable cocoa programme, with the first-ever shipment of cocoa beans from Ghana that meets that standard’s economic, environmental and social criteria.
04-Apr-2011 - Strong performance in emerging markets and a strategic focus on customer segmentation rather than individual products have driven Barry Callebaut to record half year profits.
16-Mar-2011 - Puratos has boosted production with the acquisition of a majority share in Floresta do Rio Doce, the first origin cocoa factory in Brazil.
07-Dec-2010 - A new minimum price for Fairtrade organic cocoa, which comes into force early next year, will act as an income safety net for growers amid ongoing price volatility in the sector, according to the organization behind the standard.
14-Oct-2010 - A hike in US$50 in the Fairtrade premium per metric tonne (MT) of cocoa should encourage investment in sustainable cocoa initiatives and better farming practices, claims the group behind the standard, which expects ongoing growth in Fairtrade products.
13-Oct-2010 - A scheme based on a computer-aided process simulation tool can optimise the cocoa manufacturing process in Malaysia and double output, claims new research.
16-Sep-2010 - A breakthrough in cocoa genetics by a collaboration involving Mars, USDA and IBM will accelerate research into the production of trees that can better resist drought, disease and pests, and has met with an enthusiastic welcome from leading cocoa scientists in the UK.
15-Sep-2010 - Hershey lags behind its competitors when it comes to purchasing cocoa that has been certified to meet certain labour, social, and environmental standards, argues four non-governmental organisations in a highly critical report about the US confectionery maker.
09-Sep-2010 - Industrial chocolate supplier Barry Callebaut has secured a key, long-term supply contract with Kraft Foods, which will see the Swiss firm invest €51m to expand production capacity in North America, the Ivory Coast, Malaysia and Europe.