The Mauritius Sugar Syndicate has reported that sugar exports in
May 2003 were significantly lower than exports in May 2002.
Sales of cocoa drinks in Russia are set to expand rapidly, despite
the fact that many local producers still face quality issues.
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.
The German confectionery industry made significant cocoa and cocoa
butter purchases last week, according to Hamburg traders.
Swedish vegetable oils supplier Karlshamns has come up with a cocoa
butter replacer with a low trans fatty acid content.
British sugar and sweetener group Tate & Lyle has reported an
18 per cent rise in annual profits.
ISMEA has estimated that Italy's 2003 sugar beet area will fall
nine per cent from 242,000 last year to 220,000 hectares this year.
Vietnam's burgeoning cocoa industry received a significant boost
last week after the US government confirmed it would provide $4
million (€3.4m) in development aid.
London cocoa prices hit a new 15-month low last week, encouraging
many German buyers to pull out of the market in the hope that
prices might fall further.
Vietnam is halfway through its target of planting 500 hectares of
cocoa this year. The country, famed for its quality coffee
production, wants to become less reliant on one single cash crop.
Mexican sugar production has fallen slightly since last year,
according to figures released by the major cane workers' union.
The 25th annual Australian society of sugar cane technologists'
conference is aiming to highlight the latest advancements in
research and development in the industry.
Consumer demand for sweet but healthy products is forcing changes
in sugar and sweetener use in the food industry.
Danish food ingredients company Danisco has reported record output
of sugar for 2002, topping its EU quota by 25 per cent.
The deepening political crisis in the Ivory Coast is pushing up
cocoa prices, warns Swiss chocolate maker Barry Callebaut.