With supply concerns heightened by recent flooding in some of Cote d’Ivoire’s cocoa farms, there are concerns it could affect the start of the next October-to-March main crop, farmers told local media at the beginning of the week, while NY cocoa prices...
Rising costs of cocoa on the commodity markets could push up the cost of chocolate in the coming months, according to data from the consumer intelligence database NielsenIQ
The International Cocoa Organization (ICCO) has widened its deficit forecast for the current 2022-23 (October-September) season to 142,000 tonnes, up from 60,000 tonnes previously.
Both countries’ economies have been ‘hit hard by the triple shock of the Covid-19 pandemic, global financial tightening, and adverse spillovers from Russia’s war in Ukraine’.
The Federal Association of the German Confectionery Industry (BDSI) has called for its government to prioritise strengthening the domestic economy after a decline in sales in the first quarter of 2023.
The International Cocoa Organization (ICCO) has reported cocoa prices at the halfway mark of the year (2022-23) of the first position of cocoa futures were broadly higher year-on-year on both the London and New York markets.
In the week that the European Parliament adopted a new law to fight global deforestation and ahead of Earth Day (22 April), Satelligence has announced results of a collaboration with Swedish sustainable ingredients supplier AAK on helping it verify its...
The European Parliament has formally adopted a new law to fight global deforestation with cocoa, coffee, palm-oil, soya, wood, rubber, charcoal printed paper products and cattle covered by the new rules, which obliges companies to ensure products sold...
The European Cocoa Organisation (ECA) has reported that 375,375 tonnes of raw cocoa were ground for the 1st quarter of 2023. This corresponds to a slight increase of 0.5% compared to the same quarter of the previous year.
Gerard Manley, CEO of ofi’s Cocoa business and the group’s Chief Sustainability Officer (CSO), has announced he will will retire at the end of June 2023 after 25 years with the company.
Cocoa prices posted moderate losses on the New York and London ICE exchanges at the end of last week. May ICE NY cocoa (CCK23) closed down -51 (-1.80%), and May ICE London cocoa #7 (CAK23) closed down -26 (-1.20%) as a stronger dollar sparked long liquidation...
The Singapore-based agribusiness said it remains ‘cautiously optimistic' about its prospects for 2023’ despite reporting 24.5% lower earnings of S$200.0 million (US$148.52m) for the year ending 31 December 2022.
ASEAN consumer confidence in regional trade relations with the European Union have plummeted on the back of the latter’s recently-passed deforestation law and its impacts on various food commodities, as major palm oil producing countries in the region...
Brazilian cocoa farmers are putting pressure on the government to suspend imports from Cote d’Ivoire over a fear the cargo will also include insects and weed seeds such as Striga weed, putting local cocoa farms at risk.
Nigeria’s cocoa exporters say they are also struggling to honour contracts, and many are suspending activities due to challenges, including a shortfall of cash to pay labourers and transporters.
Conseil du Café-Cacao (CCC), Cote d’Ivoire’s cocoa regulator, has issued a statement that it expects the country’s cocoa exporters to fulfill their contracts despite supply chain issues at ports.
Cocoa exporters in Cote d’Ivoire are reportedly close to defaulting on their contracts due to a lack of beans and urgently need up to 150,000 tonnes to honour their commitments.
Digital payments are increasingly accepted in cocoa-growing origins and after decades of farmer-level cash transactions, cocoa farmers in Brazil and Ecuador were the first in Barry Callebaut’s supply chain to go digital with payments.
Weakness in global cocoa demand weighed on cocoa prices, barchart.com reported, as modest losses at the end of last week were posted with NY cocoa falling to a 1-month low and London cocoa falling to a five-week low.
The European Union has agreed a new law to prevent companies from selling cocoa and other commodities into the EU market that can be traced back to deforestation around the world.
The German ingredients supplier is investing in UK-based Clean Food Group (CFG) – a start-up developing a bio-equivalent cultivated alternative to palm oil – via its investment arm, Doehler Ventures.
Cote d’Ivoire’s cocoa farmers have confirmed that soil moisture on their lands should be sufficient to support the main crop over the next two months, despite the world’s top cocoa producer entering its dry season that lasts until March.
Recent flash flooding in West and Central Africa has hindered Cote d’Ivoire’s transportation of cocoa beans from the farms to the ports and could be the reason for the reduction of cocoa arrivals seen during the first few weeks of the main 2022-23 season...
Analysts and traders are keeping a close eye on an ongoing strike by dock workers at San Pedro, one of Cote d’Ivoire’s two main ports, while ICE NY cocoa closed up +72 (+2.96%), and December ICE London cocoa closed up +9 (+0.44%).
Barry Callebaut caught the market by surprise by rescheduling its Full-Year Results 2021-22 analysts and media call to Tuesday instead of today (Wednesday 2 November) after the figures were published early due to an ‘unforeseen event’. The world’s largest...
Cocoa farmers, as well as workers in other commodities and crops, experienced a boost in Fairtrade Premium earnings thanks to a recovery in Fairtrade product sales throughout 2021, Fairtrade International’s latest annual report has revealed.
The Association of the German Confectionery Industry (BDSI) has confirmed the third-quarter 2022 cocoa grind fell 4.7% on the year to 100,149 tonnes, following a 3.7% increase in the second quarter.
The EU’s recent approval of its controversial deforestation regulation is expected to drive up the cost of palm oil and other affected commodities, and thus food and beverage prices, amid ongoing inflationary pressures that have already affected a majority...
The Ghanaian Government has increased the producer price of Cocoa by 21% for the 2022-2023 crop season – and said it will be ready for new EU rules on cocoa imports.
After the pound hit a record low against the US dollar at the end of September, the Fairtrade Foundation is warning of the potential impact of the market volatility, both on farmers in low-income countries and the UK shoppers who buy the food they grow.
The ECA’s Cocoa Forum 2022 looked at the supply & demand functionality in the industry regarding the right package of policy actions in a fluctuating market.
The International Cocoa Organization (ICCO) has forecast a 230,000-tonne global cocoa deficit in the current 2021-22 season (October-September), up from a previous projection of a deficit of 174,000 tonnes.
The UK woke up this morning (7 September) to a new leader and with hopes the new government will immediately take steps to alleviate the crushing living prices that are badly impacting consumers and putting industry at risk.
The result of a three-year study by a multi-disciplinary panel of four experts into the sources of lead and cadmium in cocoa and chocolate - and how levels may be reduced in the future - has been published by the National Confectioners Association (NCA)...
Compared to 292,471 tonnes of beans produced and marketed during the 2020-2021 season, Cameroon’s Office national du cacao et du Café (ONCC) said a total of 295,163 tonnes of beans were harvested in the 2021-2022 season.
Nigeria’s Minister of Agriculture and Rural Development, Dr Mohammad Mahmood Abubakar, has doubled down on the country’s pledge to increase its cocoa production from the present 340,000 tonnes to 500,000 tonnes by 2024.
Uncommon Cacao, which describes itself as the ‘first Transparent Trade cacao supply chain company,' has released its 2021 Transparency Report covering key performance indicators over the past 12 months.
Relief for small and medium-sized businesses is urgently needed, said the Federal Association of the German Confectionery Industry (BDSI), after Germany’s federal government sets a gas levy to provide financial support for gas importers.
Finnish confectioner Fazer is working to secure a sustainable future cocoa supply. The company believes cellular agriculture could be part of that vision.
A pioneering initiative by Barry Callebaut and Prova to improve the livelihoods of vanilla farmers in Madagascar has been expanded, the parties have announced.
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.
