Cocoa & Sugar

Barry Callebaut Group CEO Peter Feld. Pic: Barry Callebaut

Jobs

Barry Callebaut to axe 18% of global workforce

By Anthony Myers

Barry Callebaut Group, the world’s largest chocolate and cocoa supplier, has announced it is cutting approximately 2,500 manufacturing and administration jobs across its global operations.

Pic: Olam Group

Financial results

Olam Group shares rally as ofi delivers solid earnings growth

By Anthony Myers

Agribusiness group Olam, which includes ofi cocoa, has reported a significant improvement in its second-half full-year results with earnings of Singapore $230.8 million ($171.47m) for its 2HFY2023 ended December, up 15.5% y-o-y.

Predictions are for a global deficit of cocoa beans around 500,000 metric tons for the the current 2023-24 season. Pic: CN

Markets

ICCO urges major rethink as cocoa futures hit another record high

By Anthony Myers

Cocoa futures in London and New York rose to fresh record highs on trading platform ICE on Monday this week as increasing concern about supply shortages in Cote d’Ivoire and Ghana, the world's top two producers, left buyers scrambling for beans from...

Scientists have analysed consumer purchasing behaviours of goods with fair trade and organic labels on their packaging. GettyImages/TommL

Fair trade label retains purchasing power despite recession, study shows

By Natasha Spencer-Joilliffe

Using a combination of social psychology and economic models, a new UK study shows fair trade product sales increased in popularity during an economic downturn while organic product sales dropped, indicating a divide between the two labels’ favourability...

Could low-sugar chocolate actually taste better? GettyImages/Chris Ryan

Could low-sugar chocolate actually taste better?

By Donna Eastlake

Less is apparently more when it comes to the amount of sugar used in the creation of the perfect chocolate bar. So will manufacturers reduce the amount of sugar they use in the making of this sweet treat and will consumers welcome the change?

As the clock ticks on the application of the EUDR, there were still plenty of unanswered questions in Amsterdam surrounding its guidelines. Pic: WCF

WCF Partnership Meeting 2024

How ready is the EU Commission to implement its deforestation regulation?

By Anthony Myers

Apart from farmer income/poverty, the most discussed topic on day one of the World Cocoa Foundation Partnership Meeting in Amsterdam was the European Union Deforestation Regulation (EUDR) that will be implemented at the end of this year.

Mawuli Coffie. Pic: WCF

WCF Partnership Meeting 2024

World Cocoa Foundation (WCF) appoints new programme director for Ghana

By Anthony Myers

Ahead of The World Cocoa Foundation (WCF) Partnership Meeting in Amsterdam this week, the organisation has announced that Mawuli Coffie will be its country director for the WCF Ghana Office as part of a new senior leadership team spearheading an ambitious...

The new app for cocoa farmers developed by Plant-for-the-Planet. Pic: Plant-for-the-Planet

EUDR

Free app for smallholder cocoa farmers to check on EUDR compliance

By Anthony Myers

Plant-for-the-Planet has launched a free app that smallholder farmers can use to check their own farms and share their data with trading partners – and know within minutes whether they can continue importing into the EU under its new deforestation regulations.

Roel van Poppel. Pic: ofi

Appointments

ofi appoints new chief sustainability officer

By Anthony Myers

Leading commodities supplier ofi has announced Roel van Poppel as its chief sustainability officer (CSO), taking responsibility for scaling the group’s ability to drive positive impact across its five leading product platforms - cocoa, coffee, dairy,...

Tate & Lyle hits the sweet spot

Tate & Lyle hits the sweet spot

By Danielle Masterson

Ingredient solutions firm Tate & Lyle continues to build its sweetener portfolio as consumers shift from full-sugar to reduced-sugar offerings.

Amsterdam Cocoa Week takes place in the city's historic stock exchange, Beurs van Berlage from 5-11 February. Pic: Equipoise

Sustainability

Cocoa sector set for ‘epic’ week in Amsterdam

By Anthony Myers

Amsterdam Cocoa Week promises an ‘epic collaboration’ when it opens on Monday 5 February at the Beurs van Berlage, the city’s former stock exchange building, where joining forces under one roof will be high-level sustainability conferences Chocoa, the...

Barry Callebaut said it has taken 'significant' refinancing measures to address rising cocoa prices. Pic: Barry Callebaut

Financial Results

Shift towards private-label chocolate steadies Barry Callebaut's sales

By Anthony Myers

According to analysts, Barry Callebaut has posted a slight rise in sales volumes in three months to the end of November ahead of a challenging and overall declining chocolate confectionery market due to inflation that is squeezing household budgets.

Stevia seedlings. Pic: Howtian Group

BALANCING HEALTH AND INDULGENCE IN CONFECTIONERY

Colombia’s sugar reduction tax targets confectionery

By Anthony Myers

The global landscape of food consumption is undergoing a significant shift with the introduction of sugar taxes in over 120 countries. These initiatives are primarily aimed at guiding consumers towards healthier lifestyle choices by reducing the intake...

Lindt's continued brand building will be key in 2024. Pic:  Lindt & Sprüngli

Market watch

Lindt & Sprüngli hit with child labor allegations in cocoa supply chain

By Anthony Myers

Swiss premium chocolate company Lindt & Sprüngli is among the leading players in the premium chocolate space with a presence in over 120 countries worldwide and a portfolio of chocolate brands including Russell Stover, Ghirardelli, Caffarel, Lindor,...

The class of '23 - ATENEA's first graduates celebrate completing module 1. Pic: Chocolate Cordillera

WCF PM 2024

Chocolate Cordillera achieves early wins for its female cocoa farmers

By Anthony Myers

At the end of 2023, Colombian sustainable brand Chocolate Cordillera announced that 106 female cocoa farmers from Urabá Antioquia had completed the first module of its ATENEA sustainability program, giving some the confidence to become fully independent...

Beers made with cacaofruit. Pic: Cabosse Naturals

Trends

Beer and wine brands jump on the Cacaofruit bandwagon

By Anthony Myers

Apart from the positive impact on the planet - potentially preventing millions of tonnes of fruit waste – cacao fruit opens up new categories after the pulp, juice, and powder from the cocoa pod are used, according to latest research.

'People will always want to treat themselves,' new research into chocolate trends reveals. Pic: GettyImages

Trends

The shape and taste of chocolate in 2024 – what to expect …

By Anthony Myers

Chocolate confectionery is a significant market, expected to be worth over $128 billion (130 billion Euro) in global retail sales by the end of 2024. With a volume growth of +2% over the next 5 years to 2027, it is also a dynamic market, so what trends...

The European Union's deforestation bill is triggered at the end of 2024. Is the cocoa sector ready? Pic: EU

Free-to-listen webinar - Speakers Announced!

Time’s up: EUDR webinar - speakers announced - how ready is cocoa?

By Anthony Myers

ConfectioneryNews will be presenting a special live webinar on Tuesday 23 January 24 at 17:00Paris / 10:00AM Chicago to discuss the new requirements for market access for cocoa and chocolate suppliers into the European Union.

Chocolate Cordillera became the first private company in Colombia to register two new cacao varieties (CNCH12 and CNCH13). Pic: CN

Special report

How Cacao Fino de Aroma put Colombia back on the map

By Anthony Myers

It was almost 20 years ago that Colombian cocoa was officially recognized by the ICCO (International Cocoa Organization) as Cacao Fino de Aroma (fine aroma beans). Almost 95% of Colombia’s total cocoa production is classed as Cacao Fino de Aroma by the...