Cocoa prices closed up on Wednesday (10 August) +35 (+1.48%), and September ICE London cocoa #7 (CAU22) closed up +3 (+0.17%) after support from the sharp sell-off in the dollar, which supported commodity prices in general.
Fresh research has investigated consumer perceptions of palm oil in Switzerland and whether they are familiar with the Roundtable on Sustainable Palm Oil (RSPO) label.
The two world's biggest cocoa producers, Cote d’Ivoire and Ghana, have announced they are raising the price of their beans to help farmers earn a decent living income.
Barry Callebaut said the financial impact of the shutdown at its Wieze factory because of a salmonella outbreak is being assessed, but the Group expects it to be notable for the financial results in the fourth quarter of 2021-22.
The European Cocoa Organization (ECA) has reported an increase in cocoa grinding figures for the second quarter of 2022 with 364,081 tonnes of raw cocoa ground - an increase of 2.0% compared to the same quarter in the previous year.
The nut arm of global ingredients specialist has announced its first sustainability targets for its 50,000 acres of almond orchards and farming operations in Australia, the US and Vietnam.
Cocoa prices rallied in the week ending 24 June, after the Cote d’Ivoire government reported that cocoa farmers sent a cumulative 2.24 MMT of cocoa to its ports from 1 October 1 to 19 June, down -1.8% y/y.
Nigeria’s cocoa sector has renewed its efforts to join the Living Income Differential (LID) set up by neighbouring Ghana and Cote d’Ivoire to protect their farmers by increasing income.
Nigeria’s cocoa sector has announced a move to potentially join the Living Income Differential (LID) system set up by West African neighbours Ghana and Cote d’Ivoire to pay cocoa farmers more for their beans.
The German confectionery industry expects to produce 239 million chocolate Easter bunnies this year - despite difficulties in procuring packaging materials, which have been aggravated by the war in Ukraine.
The Malaysian palm oil sector is calling for the implementation of better branding and consumer communication strategies to increase its marketability, saying that providing high quality and sustainable products is not enough to achieve export recognition.
ConfectioneryNews talked to Jose Puyana, ProColombia's Regional Director for Europe, ahead of a Trade Mission to the UK (31 March to 3 April) to attend the London Coffee Festival, where cocoa producers will be also in attendance.
The Ferrero Group’s main hazelnut supply chain in Turkey is facing major risk of collapse due to climate changes and erratic weather conditions having badly affecting hazelnut production, which could impact well-known brands from Ferrero Rocher to Nutella.
An Italian supply chain expert has slated the European Union for its ‘discriminatory’ policies against palm oil, highlighting the impossibility of finding an alternative for the commodity in the short term.
The Musim Mas Group, one of the world’s largest, integrated palm oil corporations has announced a new collaboration to investigate the conditions under which supply chain sustainability initiatives can lead to reduced deforestation in the palm oil sector,...
Vietnam, the Philippines, along with Middle Eastern and North African nations have been identified as key growth opportunities for the Malaysian palm oil sector, as it seeks to open up new export channels.
The Federal Association of the German Confectionery Industry (BDSI) said it welcomes the latest developments from the EU Commission and its proposals for a European supply chain law.
Brazil’s cocoa beans production continues its upward curve with the latest figures released this month showing grindings have already increased up to 5% in 2022.
The recent global weather events has highlighted the real threat of climate change. In a special podcast Michael Gidney, CEO of the Fairtrade Foundation, tells consumers about the impact of the climate crisis on its network of farmers and what they can...
Colombia, the world’s largest producer of cocaine, is working to reduce reliance on coca cultivation. Instead the government is investing in oil palm, which locals say is benefiting communities and the environment.
Oversupply and ample stocks of cocoa beans in the preceding year made cocoa beans relatively affordable, boosting production and increasing cocoa processing activities.
Cocoa production in key West African countries dropped significantly at the end of 2021, according to the latest figures from the International Cocoa Organisation (ICCO).
Sustainable palm oil production could be one of the biggest beneficiaries of commitments made at the COP26 summit – but experts who have been assessing the fine print say that the devil lies in the detail of implementation.
Record surge for chocolate by American consumers has pushed sales to $29bn, with retail chocolate sales climbing more than 5% a quarter, according to data from Chicago-based researcher IRI.
Ghana’s cocoa carriers have announced they have called off their strike after meeting with the licensed buying companies and officials from COCOBOD, the government-controlled body that fixes the buying price for the country’s cocoa exports.
The Indonesian palm oil sector has urged the European Union to ensure that its final regulatory approach to imported commodities does not discriminate against palm oil, warning that efforts to replace it as an ingredient could lead to even ‘bigger problems’...
The International Cocoa Organisation (ICCO) forecasts a 10% increase in the world cocoa production and a 25% increase in the cocoa price in the next decade. Based on the forecast, the total cocoa production will be approximately 4,700,000 tonnes in 2022-2023.
Sugar giant US Sugar says it “fully intends to litigate” to prove its proposed deal to acquire rival Imperial Sugar will not result in higher prices and harm sugar buyers after the Department of Justice (DOJ) filed an anti-trust lawsuit in a bid to block...
Where should food businesses begin net zero action? With a ‘forest positive’ approach, Earthworm Foundation CEO Bastien Sachet tells FoodNavigator, stressing action is required this decade.
Global chocolate and cocoa supplier reports healthy growth, good profitability and strong cash generation, and an impressive recovery from its gourmet division.
As the 2021 United Nations Climate Change Conference (also known as COP26) gets underway today in a rainy Glasgow, a new Fairtrade study has revealed findings that ‘paints a bleak picture’ of the future for cocoa and other commodities.
Stefan Reidy is the founder and CEO of Arviem, a Swiss-based provider of multi-modal, in-transit supply chain visibility. He explains how best to protect valuable cocoa beans during their journey from West African ports to Europe and North America.
Latest data from the ICCO reveals that Europe's third-quarter cocoa grind rose 8.7% from a year earlier but only 3.5% from Q3 2019, as North America and Asia also report increases.
Indonesia’s representative palm oil body GAPKI is concerned that it may not be able to produce enough of the commodity this year, given that added demand is expected as economies recover from the COVID-19 pandemic.
Dubai’s influence in the growing cocoa sector in Middle East region has been further strengthened by the announcement that Barry Callebaut has inaugurated a new CHOCOLATE ACADEMY at the foot of Burj Khalifa, one of the world's most iconic landmarks.
News that China's small batch of cocoa beans has been recognised by the Bioversity International’s 2021 Cocoa of Excellence competition is seen as another indicator of the rise of Asia’s cocoa sector.
Swiss agrifood testing company SwissDeCode is working with confectionery giant Mars Wrigley to find an early detection solution that can identify Cocoa Swollen Shoot Disease (CSSD), a virus that can devastate cocoa crops.
The potentially devastating black pod disease could affect cocoa crops in West Africa this year, due to above-average rainfalls and warm and humid conditions in September.
The second African Cocoa & Chocolate Expo (ACCE) 2021 opens online from today for three days of discussions, debates, exhibitions and networking opportunities.
