After a topsy-turvy week, world cocoa prices recovered on Tuesday after registering losses of more than 20% the prior week, but the market is still struggling with a lull in trading.
Mondelēz International has maintained the company expects Organic Net Revenue growth of 3% to 5% in its 2024 Outlook after the Cadbury parent beat market expectations for first-quarter sales and profit.
Dutch disruptor brand Tony’s Chocolonely is partnering with Oxfam and Glastonbury for a second year to raise money to fight poverty by launching limited edition bars that offer fans the opportunity to win tickets to the legendary arts and music festival.
The annual Sweets & Snacks Expo convenes thousands of confectionery and snack industry professionals and hundreds of chocolate and candy companies for the largest trade event in North America. After 25 years in Chicago, it is moving on to a new home...
Nestlé’s Aero has launched a new ‘ShAero’ marketing campaign in the UK and Ireland, with an on-pack promotion that will see more than 33,000 sharing bars of Aero Peppermint up for grabs.
Major cocoa supplier ofi (olam food ingredients), has claimed recent developments in data and technology are behind its progress towards creating a more sustainable supply chain.
‘Beleaguered’ is perhaps too strong an adjective to describe the forthcoming European Union Deforestation Regulation (EUDR), but when the bloc’s Director General for Trade goes on record as describing its current state as "extremely burdensome,"...
Belgian chocolate brand Belcolade says it is aiming to empower and provide a living income for 50,000 cocoa farmers by 2030 and has introduced a ‘chocolate bonus’.
Consumers continue to buy sweet treats as rewards and to celebrate despite higher prices due to inflation, helping confectionery sales reach $48bn in 2023 and potentially $61bn by 2028, according to the National Confectioners Association’s State of Treating...
Barry Callebaut, the world’s largest chocolate supplier, has launched the Future Farming Initiative (FFI) to build a high-tech and sustainable cocoa farming business under the leadership of Steven Retzlaff.
Cocoa grinding in Germany remained positive in the first quarter of 2024, the Association of the German Confectionery Industry (BDSI) reported, but the rest of Europe remains sluggish.
The new Fairmade label has announced a collaboration at the Farm Shop & Deli show in Birmingham, England, to highlight a more equal business model for African products.
With the new European Union Deforestation Regulation on the horizon, should the industry adopt a more responsible approach to procurement when sourcing cocoa beans and other ingredients? Sign up for our free webinar to discuss!
An investigation by Initiatives for Community Development and Forest Conservation (IDEF) has revealed that some cocoa beans exported from Cote d'Ivoire to the EU originate from deforested land in neighboring Liberia.
Independent chocolatiers Cox & Co has developed new paper flow wrap chocolate packaging, allowing it to phase out all plastics on its production line and give consumers curbside recyclable wrapping.
Against a backdrop of cocoa topping $11,000 per metric ton on the futures market for the first time last week, Oxfam says its experts will be highlighting the discrepancies in farmgate price at this week’s World Cocoa Conference (WCC) in Brussels (21-24...
Nestlé shareholders rejected a resolution at its annual general meeting (AGM) on Thursday (19 April) demanding the KitKat maker reduce its reliance on unhealthy products.
A new video produced by the African Cocoa Marketplace (ACM) reveals the plight of cocoa farmers in West Africa who struggle to grow enough beans to earn a living.
Market update: Analysts have described the upward trajectory of cocoa prices as ‘parabolic’ as cocoa futures rose another 2.7% to a new record of $10,760 a ton in New York on Monday (15 April) before falling back to £10,000 a ton after the dollar index...
UK private-label chocolate supplier Hames Chocolates has announced it has invested in new solar panels designed to boost energy efficiency while reducing carbon emissions.
UK artisanal confectionery brand has announced it has appointed Richard Parson as its new managing director after founder and previous MD Siân Holt stepped down last year due to illness.
Nearly nine out of 10 consumers snack daily to fuel their busy days, carve out a mindful moment of ‘me time,’ and connect with family and friends – but according to Mondelez International’s recently released 5th State of Snacking report, what they are...
Two of the standout sessions at the NCA’s recent State of the Industry Conference covered ‘The transformative power of AI for business and personal use,' where experts unlocked the secrets of artificial intelligence to help brands stay ahead of the...
Global cocoa and ingredients company Cargill has announced a new commercial partnership with Voyage Foods to produce alternatives to cocoa-based products and nut spreads without using cocoa, peanuts, and hazelnuts.
While there is no indication the world is not about to run out of chocolate any day soon, there are concerns from manufacturers and suppliers that the current high prices and shortage of cocoa beans will push up costs further and, in some cases, restrict...
Dutch sustainable chocolate brand Tony’s Chocolonely has announced Waitrose has become a ‘Mission Ally’ and the first UK-owned retailer to join its unique sustainability supply chain.
A multi-stakeholder initiative has been launched in Ghana to ‘end child labour in all its form,’ by eradicating its root causes, and coordinating ongoing efforts along Sustainable Development Goals (SDGs).
Premium chocolate brand GODIVA joins the pladis portfolio of iconic brands after a process that started in 2023. Prior to its integration, GODIVA Company was acquired in 2008 by pladis’ parent company, Yıldız Holding of Türkiye.
Ghana will follow Cote d’Ivoire and raise the fixed farmgate price paid to cocoa farmers by up to 50%. The announcement could be made as early as the end of this week, ConfectioneryNews understands.
Tony's Chocolonely has significantly impacted the US market since launching in 2022, attracting fresh investor interest and an expanded retailer presence.
Perfetti Van Melle, the owner of international confectionery brands including Mentos, Chupa Chups, and Fruittella, has announced that its near-term science-based greenhouse gas (GHG) emissions reduction targets (including FLAG) have been evaluated and...
UK Cocoa and ingredient supplier Henley Bridge has announced record profits and an expansion to its senior management team in a push for further volume growth.
The National Confectionery Sales Association (NCSA), which is celebrating its 125th anniversary this year, has named its 2024 Candy Hall of Fame inductees. They will be honoured in a ceremony on October 26 in Orlando, Florida.
Cote d’Ivoire President Alassane Ouattara has personally authorized the increase of the cocoa farmgate price to 1,500 CFA francs ($2.47) per kg from the current 1,000 CFA in an official announcement made today (Tuesday, 2 April) in Abidjan.
This Easter, shoppers can do more than choose between milk, dark, or white chocolate eggs; they have the power to make a significant difference to the cocoa farmers, says Fairtrade UK.
Alfred Ritter GmbH & Co. KG, owner of the popular chocolate brand Ritter Sport, is to establish a United States subsidiary headed by confectionery industry veteran Ralf Hilpuesch.
Latin American food conglomerate Grupo Nutresa has launched a new sustainability programme to continue strengthening Colombia’s cocoa chain after posting revenues of $18.9 billion in 2023, representing a growth of 11% compared to the previous year.
While Britain is a nation of chocolate lovers, two thirds of consumers believe chocolate eggs comprise too much packaging – yet despite concerns over sustainability and inflation, we’ll still be dipping into our pockets for the sweet stuff.
Nestlé has announced it is launching two new projects to help address the impact of climate change on cocoa and reduce and remove carbon emissions from its supply chains—as part of its commitment to reach net zero emissions by 2050.
Food Manufacture takes a closer look at the new product development (NPD) process, learning about the firms displaying best practice and why collaboration is so important.
UPDATE: TUESDAY 26 MARCH 2024: Cocoa prices continued to rise this week. Earlier today the price of cocoa beans smashed through the $10,000 a ton for the first time in the futures market after posting gains all week - with chocolate makers passing on...
