Market update: Analysts have described the upward trajectory of cocoa prices as ‘parabolic’ as cocoa futures rose another 2.7% to a new record of $10,760 a ton in New York on Monday (15 April) before falling back to £10,000 a ton after the dollar index...
Global cocoa and ingredients company Cargill has announced a new commercial partnership with Voyage Foods to produce alternatives to cocoa-based products and nut spreads without using cocoa, peanuts, and hazelnuts.
While there is no indication the world is not about to run out of chocolate any day soon, there are concerns from manufacturers and suppliers that the current high prices and shortage of cocoa beans will push up costs further and, in some cases, restrict...
The European Union Deforestation Regulation (EUDR) is facing major pushback from ministers and trade organisations within Europe, alongside continued pressure from palm oil producer nations in Asia, casting doubt on hopes for a smooth implementation.
A multi-stakeholder initiative has been launched in Ghana to ‘end child labour in all its form,’ by eradicating its root causes, and coordinating ongoing efforts along Sustainable Development Goals (SDGs).
Dairy-free chocolate maker Moo Free is strengthening its sustainability credentials with the launch of The Hub, a business tool offering the manufacturer complete traceability across its supply chain.
The World Cocoa Foundation (WCF), along with other industry stakeholders, has launched groundbreaking methodology for accurately measuring cocoa household and living incomes.
Ghana will follow Cote d’Ivoire and raise the fixed farmgate price paid to cocoa farmers by up to 50%. The announcement could be made as early as the end of this week, ConfectioneryNews understands.
Tony's Chocolonely has significantly impacted the US market since launching in 2022, attracting fresh investor interest and an expanded retailer presence.
Similar to the European Union's deforestation measures to tackle deforestation linked to commodity imports, the UK government has announced a new global deforestation law, but Fairtrade is concerned about the extra costs to farmers.
Cote d’Ivoire President Alassane Ouattara has personally authorized the increase of the cocoa farmgate price to 1,500 CFA francs ($2.47) per kg from the current 1,000 CFA in an official announcement made today (Tuesday, 2 April) in Abidjan.
Operators and traders strive to comply with EUDR but face challenges: gaps in information, technical solutions, and supply chain complexities, claim FEFAC, FEDIOL, and agribusiness groups.
This Easter, shoppers can do more than choose between milk, dark, or white chocolate eggs; they have the power to make a significant difference to the cocoa farmers, says Fairtrade UK.
Latin American food conglomerate Grupo Nutresa has launched a new sustainability programme to continue strengthening Colombia’s cocoa chain after posting revenues of $18.9 billion in 2023, representing a growth of 11% compared to the previous year.
Nestlé has announced it is launching two new projects to help address the impact of climate change on cocoa and reduce and remove carbon emissions from its supply chains—as part of its commitment to reach net zero emissions by 2050.
UPDATE: TUESDAY 26 MARCH 2024: Cocoa prices continued to rise this week. Earlier today the price of cocoa beans smashed through the $10,000 a ton for the first time in the futures market after posting gains all week - with chocolate makers passing on...
Confectionery’s resilience in the face of global inflationary pressures and the rising costs of raw materials has lifted John Downs, the National Confectioners Association’s (NCA) president and CEO, who said he is confident the category is in excellent...
As Easter approaches, consumer experts warn not to wait until the last minute to buy Easter eggs and other chocolate treats, as prices are likely to increase further.
The European Union (EU) has signalled its intent to delay the most controversial parts of its anti-deforestation regulation (EUDR) after protests by governments in Asia, Africa, and Latin America described the low, standard, or high-risk benchmarking...
LiveEO, a Berlin-based provider of satellite analytics, has launched TradeAware Lite, a free version of its software platform, TradeAware, designed to help companies achieve compliance with the EU Deforestation Regulation (EUDR).
The influential and respected cocoa consultant Dr Kristy Leissle has launched a new marketing company that puts cocoa farmers’ perspectives at the centre of the procurement process so they can share in revenue from the sale of their beans.
Cocoa production in Ghana has been falling off the cliff since posting a record 1.047 million metric tonnes (MT) at the close of the 2020-21 season. A multiplicity of factors account for the downward trend in production, including a prolonged El-Niño...
Nestlé International Travel Retail is launching its new sustainable KitKat to connect European travelling consumers with farmers and raise awareness about the cocoa used in the iconic bars.
Foodtech company Incredo expands its sugar reduction solutions with the launch of Incredo Sugar G2, a concentrated version of its clean label, protein-sucrose blend Incredo Sugar made from cane and/or beet sugar and a dairy- or plant-based protein to...
Swiss subsidiary with a long history of sourcing its premium organic cocoa from Dominican Republic sees demand skyrocket as suppliers look to other regions for sustainable beans.
The El Niño weather phenomenon, which hit the west coast of Africa last year, carrying unseasonal heavy rains followed by dry heat, is the main factor in an 11% drop in the season’s main cocoa harvest, according to the latest figures from the International...
Barry Callebaut Group, the world’s largest chocolate and cocoa supplier, has announced it is cutting approximately 2,500 manufacturing and administration jobs across its global operations.
Agribusiness group Olam has reported a significant improvement in its second-half full-year results and says London listings for ingredients supplier subsidiary ofi is still planned.
Cocoa futures in London and New York rose to fresh record highs on trading platform ICE on Monday this week as increasing concern about supply shortages in Cote d’Ivoire and Ghana, the world's top two producers, left buyers scrambling for beans from...
Arch disruptor brand Tony’s Chocolonely is appealing an injunction against Mondelēz International after the Dutch brand launched four temporary wrappers in Germany, mimicking the design of well-known chocolate bars from Ferrero, Mars, Milka, and Nestlé.
The biennial Cocoa Association of Asia (CAA) International Cocoa Conference is set to return to Singapore on 12 to 13 September 2024, bringing together more than 600 senior business leaders, key stakeholders, decision-makers, and thought leaders from...
Procurement came under the spotlight at Chocoa’s recent Amsterdam Sustainable Cocoa Conference when it convened a panel of specialists to discuss why the practice is not just about buying beans - transactions should go a lot deeper in the value chain...
It was billed in the World Cocoa Foundation agenda as a ‘Fireside Chat.’ Still, the conversation was anything but cozy as the 2024 Partnership Meeting welcomed back Yves Brahima Koné, Cote d’Ivoire’s Coffee & Cocoa Council director general, and Joseph...
Using a combination of social psychology and economic models, a new UK study shows fair trade product sales increased in popularity during an economic downturn while organic product sales dropped, indicating a divide between the two labels’ favourability...
Tricia Brannigan, chief procurement officer and VP of Global Procurement at The Hershey Company, was in Amsterdam for WCF’s recent annual Partnership Meeting. She spoke exclusively to Confectionery News on the WCF’s fresh strategy and Hershey’s role in...
Less is apparently more when it comes to the amount of sugar used in the creation of the perfect chocolate bar. So will manufacturers reduce the amount of sugar they use in the making of this sweet treat and will consumers welcome the change?
Love may be in the air this Valentine's Day – but so is the eye-watering price of cocoa on the market, making the cost of the key ingredient in chocolate more expensive than ever, according to analysts.
Along with the World Cocoa Foundation Partnership Meeting, Chocoa’s Cocoa Sustainability Conference, Amsterdam Cocoa Week was also the setting for the Cacao of Excellence awards, which recognize excellence in cacao cultivation while supporting and encouraging...
Picking up the baton from the World Cocoa Foundation Meeting, the Amsterdam Sustainable Cocoa Conference, organised by Chocoa, moved into the Beurs van Berlage for a further two days of discussion and debate on key policy issues affecting the global chocolate...
Hershey is launching a multi-year cost-savings strategy that will lean heavily on enhanced automation and a more efficient operating model, which could result in job cuts, to help offset historically high cocoa prices and elevated sugar costs that are...
The World Cocoa Foundation Partnership Meeting ended as it began, with an address from President Chris Vincent. Two days ago, in his opening remarks, he struck an upbeat chord, pleased with the internal changes in the organisation and a strategy refresh...
Premium Dutch ethical brand Tony’s Chocolonely has reported record revenue growth of €150m ($162m) while successfully scaling up its sustainable impact model with six new partners joining its collaborative industry initiative.
Apart from farmer income/poverty, the most discussed topic on day one of the World Cocoa Foundation Partnership Meeting in Amsterdam was the European Union Deforestation Regulation (EUDR) that will be implemented at the end of this year.
