All quiet on the cocoa front
The European cocoa market is going through something of a quiet
patch for this time of year, according to industry insiders.
Sugar system not to Germany's taste
German confectionery and bakery producers have strongly criticised
the current EU system designed to keep sugar prices artificially
high, arguing that it makes European companies uncompetitive when
it comes to exports.
Who is to gain from EU sugar reform?
Reform of the current preferential EU sugar regime is imminent. But
who stands to lose the most through reform? asks MTT researcher
Fair trade cocoa launched
Green Mountain Coffee Roasters has introduced fair trade-certified
organic cocoa. This is the company's first non-coffee fair trade
Cosucra off the sugar beet
Belgian firm Cosucra Groupe Warcoing is exiting the sugar beet
processing business to concentrate entirely on added value
ingredients for health foods, it announced this week.
Fischler holds the cane on sugar proposals
Although trade talks in Cancun collapsed this month the pressure
remains on the European Union to shake up its heavily subsidised
Ghana gains in cocoa
A bumper cocoa harvest for Ghana has pushed the country into the
number two global producer slot, behind the Ivory Coast and ahead
EU challenges Ivory Coast cocoa law
The EU has asked the Ivory Coast, to abolish a law that requires
all cocoa beans to be exported in jute bags. This would mean cocoa
could only be exported in 60 kg or 65 kg bags rather than in bulk.
Sugar giant relieved
US giant Imperial Sugar is to receive relief from state sales and
use taxes of up to a maximum benefit of $1 million.
Cocoa loan- more than a few beans
The Ghana Cocoa Board (GCB) has secured a US$650 million loan to
purchase cocoa for the 2003/2004 cocoa season. The
facility,repayable within a year, was arranged by four leading
Sugar reform leaves sour taste
Imminent reforms to the EU sugar regime could slice millions off
the sugar profits for Associated British Foods (ABF), the owner of
British Sugar, and Danisco.
Bumper Brazilian cocoa crop forecast
This season's Brazilian cocoa production is already up 57 per cent
from the same period last year, according to the Bahia Commercial
US sugar industry examined
US department of agriculture sugar-market economist John Love has
predicted that producer prices for sugar for 2002/03 will be 5 per
cent higher than last year's.
UK sugar harvest imminent
British Sugar and the NFU have agreed the provisional factory
opening dates for this year's sugar harvest. Newark factory will
open on 12 September with the remaining five factories opening on
Two leading European food industry associations have named ADM
Cocoa's De Zaan cocoa liquor as the standard in joint research on