Cocoa & Sugar

A Brazilian court has found 'unlawful' working conditions in Cargill's cocoa supply chain. Pic: Cargill

Sustainabilty

Cargill accused of child labour practices on Brazilian cocoa farms

By Anthony Myers

Cargill, one of the world’s largest cocoa suppliers, has been ordered by a Brazilian court to pay 600,000 reais ($120,185) as indemnity for allegedly buying cocoa from farms where child labour or forced work has been identified.

The guide will help cacao producers communicate the quality of their cacao. Image Source: Ilka & Franz/Getty Images

Cacao guide aims to help producers communicate the quality of their cacao

By Augustus Bambridge-Sutton

For a long time, there has been no commonly agreed way of assessing and communicating the quality of cacao, the seed from which stems cocoa and chocolate. Now, however, a new initiative has been unveiled that will aim to do just that, with contributions...

Pic: Cocoa Canopy

Packaging

Cocoa Canopy repackages its beads for the service sector

By Anthony Myers

UK-based drinking chocolate brand, Cocoa Canopy, has announced a new format for its 900g foodservice packs across all five of its varieties, supplying the sector with a product they can display all year round.

Olam Group Limited has guaranteed the sustainability loan to its ofi division. Pic: Olam Group

Finance

ofi secures $1,750m sustainability-linked loan

By Anthony Myers

The Olam Group Limited has announced that its wholly owned subsidiary, olam food ingredients (ofi), which includes its cocoa division, has secured a multi-tranche sustainability-linked facility aggregating $1,750 million.

Love Cocoa's new-look designs for its premium chocolate. Pic: Love Cocoa

Packaging

Love Cocoa unveils ‘Modern Chocolatier’ rebrand

By Anthony Myers

The rebranding includes a stylish new logo and strapline - ‘The Modern Chocolatier’ - and the business has also embraced a brighter, bolder colour palette across the range while maintaining its signature gold foiling detail.

Cocoa prices hit record highs on the international markets this week. Pic: CN

Commodities

El Niño and consumer demand from China pushes up cocoa prices

By Anthony Myers

Cocoa traded on ICE Futures in New York hit a 12-year high of $3,640.50 per tonne on Wednesday (30 August), as analysts reacted to a consumer surge in chocolate, as well as the adverse impacts of the El Niño weather phenomenon on West Africa’s cocoa crop.

Craft chocolate makers are 'highly internally ethically motivated to be transparent' - research suggests. Pic: GettyImages

Sustainability

Call for more sustainability regulation to help craft chocolate companies

By Anthony Myers

Transparency is a defining feature of the craft chocolate industry. However, with the need for benchmarks or regulations for this budding industry, entrepreneurs and stakeholders interpret and apply transparency differently, new research published in...

Ghana Gold chocolate recognised for its taste by judges. Pic: MIA

Premium

Ghana Gold chocolate bags two Great Taste Awards

By Anthony Myers

Sustainable chocolate brand MIA, short for made in Africa, says its new Ghana Gold bars have been recognised with two Great Taste Awards, one of the world's largest and most trusted food and drink accreditation schemes.

Pic:  Lindt & Spruengli

Financial results

Lindt warns of further price hikes after posting rise in profits

By Anthony Myers

Luxury Swiss chocolate maker Lindt & Spruengli has posted stronger-than-expected operating profits in the first half of 2023 and raised its full-year outlook, after hiking up prices for its chocolate easter bunnies and pralines.

GoodSAM Founder & CEO, Heather K Terry. Pic: CN

Brands

A good year for GoodSam chocolates

By Anthony Myers

Sustainable chocolate brand GoodSAM Foods has announced a strong first half of 2023 with a record-breaking first and second quarter, driven by an expanded retail reach into US, and industry awards recognition, while exceeding fundraising goals and sales.

Pic: CN

Commodities

Weather variations hit cocoa supplies, pushing up prices

By Anthony Myers

In latest market news reduced cocoa supplies from Cote d’Ivoire after recent heavy rains saw ICE NY cocoa on Monday close +7 (+0.21%), and Sep ICE London cocoa #7 closed +16 (+0.74%).

Pic: Swerve

Sugar reduction special

Monk Fruit and allulose-centered products set to be key drivers of innovation

By Anthony Myers

Swerve, one of the leading manufacturers and marketers of zero-sugar, keto-friendly, and plant-based sweeteners, is at the forefront of the sugar-free baking trend. The company’s innovation and expansion into monk fruit and allulose sweetener offerings,...