In its latest Monthly Cocoa Market Report, the International Cocoa Organization (ICCO) has revealed that anticipations of a production surplus compounded with low levels of demand have contributed to the decline in prices in cocoa from January 2021 on...
In its latest update, the ICCO’s (International Cocoa Organization) assessment of European cocoa bean stocks for the 2019/20 season held in the continent’s warehouses reveals a reduction of 1.5% (down by 11,734 tonnes), compared with the previous season.
Experts have suggested that the palm oil industry and food firms manufacturing palm oil-containing products use the power of artificial intelligence (AI) technology to identify the right consumer segments and methods to sway sentiment back in their favour.
Cote d’Ivoire has announced it has appointed a senor corporate director from Mars Wrigley to help implement the $400 a tonne Living Income Differential (LID) scheme to increase farmer income and introduced by the country in a joint partnership with Ghana...
Germany’s confectionery industry is playing a leading role in the use of sustainable palm oil in its products, claims the main body representing its sweet manufacturers.
The palm oil industry in Malaysia needs to prepare itself for an uncertain year ahead with expected price volatility, production decrease and policy changes in the west, with the government attempting to shift to more value-added products in hopes of...
Le Conseil du Café Cacao (CCC), Cote d'Ivoire’s cocoa regulatory board, has suspended registering cooperatives’ beans in order to reduce the amount of cocoa stockpiled at ports because of the coronavirus pandemic.
Cote d’Ivoire has announced it has lifted its suspension on cocoa sustainability schemes run by Hershey, in the latest twist in the ‘cheap beans’ row that has threatened to jeopardise the delicate relationship between the big chocolate companies and cocoa-growing...
Sales of Cote d’Ivoire’s cocoa crop are the worst in decades, industry sources say, as COVID-19 drives down global demand for chocolate and the controversial Living Income Differential (LID) increases the price of its, and neighbouring Ghana’s, cocoa...
Ghana and Cote d’Ivoire have carried out their threat to cancel Hershey’s cocoa sustainability schemes in their countries, accusing the US giant of trying to avoid paying the cocoa Living Income Differential (LID) premium aimed at combating farmer poverty...
Cote d’Ivoire, the world’s largest cocoa producing country, has called the move by Hershey to reportedly buy 30,000 tonnes of cheap beans from the ICE New York futures exchange an attempt to derail plans for the Living Income Differential (LID) set up...
Hershey has allegedly bought up to 30,000 tonnes of cocoa from futures exchange ICE in a bid to avoid paying the extra Living Income Differential (LID) set up by Ghana and Cote d’Ivoire that includes an added price premium of $400 per tonne on their cocoa,...
