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
New ruling affecting sugar exports
A new ruling brought in this spring is beginning to affect exports
of quota sugar from Europe, according to an ODJ report.
Mauritius sugar exports down
The Mauritius Sugar Syndicate has reported that sugar exports in
May 2003 were significantly lower than exports in May 2002.
Cocoa driving Russian drinks market
Sales of cocoa drinks in Russia are set to expand rapidly, despite
the fact that many local producers still face quality issues.
Cocoa to bubble over?
Cocoa traders have predicted that cocoa prices are set to increase.
The price of the commodity has dropped by up to 40 per cent since
touching a 16-year high in October 2002.
Germany increases cocoa acquisitions
The German confectionery industry made significant cocoa and cocoa
butter purchases last week, according to Hamburg traders.
Cocoa butter replacer developed
Swedish vegetable oils supplier Karlshamns has come up with a cocoa
butter replacer with a low trans fatty acid content.
Sugar group posts profits
British sugar and sweetener group Tate & Lyle has reported an
18 per cent rise in annual profits.