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,...
Cocoa farmers in Cote d’Ivoire are set to earn higher prices for their beans, as ice cream icon Ben & Jerry’s pledges to pay more to provide living incomes for cocoa farmers.
The man behind Australian sugar-free candies firm Sugarless Confectionery Jacques Aubry has detailed how he plans to expand in Singapore, and launch in new markets including Canada and Zambia.
Barry Callebaut Group said sales volumes have bounced back in the final quarter of 2020, showing a recovery of 4.3%, as the company anticipated, earlier in the year.
The Cocoa Association of Asia (CAA) has launched its first Cocoa Trading Programme in a bid to attract new recruits into the region’s burgeoning industry.
The Ghana Cocoa Awards has announced a shortlist of 82 nominees for its ceremony, which will take place on Saturday 14 November at the Kempinski Hotel Gold Coast City in Accra.
Marc Donaldson, Executive Director of the Cocoa Association of Asia (CAA), follows up from a series of webinars held by the FHA and Saladplate on the outlook for the sector in general with an exclusive interview on how the industry is dealing with the...
Cocoa grinding figures across Europe, the indicator of the demand for cocoa for chocolate and confectionery production, declined in the 3rd quarter of 2020 by 4.7% on the same period the previous year, the European Cocoa Organization (ECA) reports.
The Cocoa Association of Asia (CAA), the leading Cocoa Association in Asia for both cocoa and chocolate companies, is hosting a live forum - Will Cocoa Demand Grind to a Halt? - on October 16, 16:00 Singapore time.
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.
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.
Neighbors set-up a new joint body to improve coordination in research, price setting and the fight against child labour in their respective cocoa industries, the Ivorian government has revealed.
Global agri-food company’s annual report highlights team members’ agility and perseverance while helping customers and communities navigate the COVID-19 pandemic.
Palm oil trade between Malaysia and India has moved back on track with the latter running low on local stock and the former relaxing export tariffs as both countries move to repair a trade relationship wrecked by previous political clashing.
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...
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.
A new poll published by Reuters of London on cocoa futures has forecast cocoa would cost 10% less at the end of the year because of rising production and a hit to demand from the coronavirus crisis.
HIM & MCA Insight has announced a new name and branding as it launches a new analytics and data visualisation solution under its data platform Lumina Intelligence.
The coronavirus pandemic is having a negative impact on cocoa grinding, the indicator of the demand for cocoa for chocolate and confectionery production, said the Association of the German Confectionery Industry (BDSI).
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.
Lockdown restrictions at destination ports for cocoa exports caused by the coronavirus pandemic is having a financial impact on Ghana’s main commodity due to slowing exports and sales.
Marika van Santvoort, founder of Pacha de Cacao, explains to ConfectioneryNews the benefits of cacao juice, not only for health-conscious western consumers, but also as potential extra revenue for cocoa farmers who are struggling on low incomes.
The global sugar confectionery market size is anticipated to reach $69.5bn by 2026, growing at a rate of 4.3%, according to new research published by Polaris Market Research, as sugar stays stable on the commodity market.
Scientists are analysing cocoa’s chemical ‘fingerprint’ to determine in which country it was produced. In the future, the technology could have the potential to confirm chocolate label claims, say researchers.
‘During risk-off periods in markets, the prices of all products tend to move lower. When price carnage hits markets, rationality takes a holiday,’ said analyst Andrew Hecht.
Millions is wasted on celeb marketing campaigns that could be redirected to help the world’s poorest achieve a living income through blockchain tokens, says Fairchain and the UNDP.
November was ‘a bullish month for the cocoa futures market as the price hit its highest level in 2019 and the highest since May 2018, said analyst Andrew Hecht, author of the Hecht Commodity Report.
From blockchain to crop monitoring with drones, smallholder cocoa producers in Honduras are digitizing their production thanks to a project led by the Inter-American Development Bank.
Fair trade standards should become watchdogs instead of the benchmark for sustainability, argues the recently appointed head of sustainable commodities NGO Solidaridad.
Sustainability is undoubtedly one of the hottest topics in APAC’s food and beverage industry, but it can be hard to distinguish between greenwashing and a genuine commitment best practice. That’s why in this edition of Asia’s Food Future: Industry 4.0,...
Nestlé, Mars, Hershey and Lindt earned C-level ratings in the organization’s chocolate scorecard, while Mondelēz and Godiva fared worse. Smaller players including Alter Eco, Endangered Species, Theo and Tony’s Chocolonely again received top marks in the...
