Commodities

Pic: ConfectioneryNews

Commodities

ICCO halves its cocoa surplus estimate for 209/20 season

By Anthony Myers

The impact of the coronavirus pandemic has led the International Cocoa Organization (ICCO) to halve its forecast for the expected global cocoa surplus in the 2019/20 season as demand for beans from chocolate manufactures slows.

Cargill's annual report highlights the company's response to the COVID-19 pandemic. Pic: Cargill

Reporting

Cargill annual report: ‘A year like no other’

By Anthony Myers

Global agri-food company’s annual report highlights team members’ agility and perseverance while helping customers and communities navigate the COVID-19 pandemic.

Ghana to increase its cocoa output by 5.8% in next growing season

Ghana

Ghana to increase its cocoa output by 5.8% in next growing season

By Anthony Myers

Ghana is the world’s second-biggest cocoa producer, after its West African neighbour, Cote d’Ivoire. Its main growing season runs from October to September, and while output may increase - a glut in the global market has raised wider concerns about lower...

Olam remains confident it can weather the Covid crisis. Pic: Olam International

Financial results

Olam reports resilient performance in H1 2020 with 44.4% growth

By Anthony Myers

Global food and agri-business, Olam Group, has reported strong results for the first half of 2020 and claimed to make good progress on its Strategic Plan (2019-2024) and Re-organisation Plan announced in January 2020.

Cocoa is the backbone of Ghana’s economy. Pic: Barry Callebaut

In brief

Cocobod set to increase price of Ghana’s cocoa

By Anthony Myers

The Ghana Cocoa Board (Cocobod) is set to raise the price of cocoa in a bid to offset low exports amid the coronavirus pandemic and heavy rains affecting this season’s crop.