Commodities

 Mars said it remains committed to working with others to create a sustainable cocoa supply chain in-line with its Cocoa for Generations strategy. Pic: Mars Wrigley

Sustainability

Mars welcomes minimum price guarantee for cocoa farmers in West Africa

By Anthony Myers

Cote d’Ivoire and Ghana, the world’s largest cocoa producers, have hiked up their minimum price guarantee given to farmers by 21% for the 2020-2021 growing season that starts in October, and has support of major chocolate companies including Mars Wrigley.

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.

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