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
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.
Italy's sugar beet production in decline
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.
US to aid Vietnam cocoa
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.
Germans cautious over cocoa
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 increases cocoa production
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 picking up
Mexican sugar production has fallen slightly since last year,
according to figures released by the major cane workers' union.
Australian sugar conference underway
The 25th annual Australian society of sugar cane technologists'
conference is aiming to highlight the latest advancements in
research and development in the industry.
Producers rethink sugar use
Consumer demand for sweet but healthy products is forcing changes
in sugar and sweetener use in the food industry.
Danisco hits record sugar output
Danish food ingredients company Danisco has reported record output
of sugar for 2002, topping its EU quota by 25 per cent.
Barry Callebaut warns of cocoa crisis
The deepening political crisis in the Ivory Coast is pushing up
cocoa prices, warns Swiss chocolate maker Barry Callebaut.
Sugar can improve weight control, new study
Replacing dietary fat with a higher intake of carbohydrates,
including sugar, can have a positive effect on weight control in
overweight individuals, according to a study sponsored by the
European Commission and EU sugar industries...
Sugar bail-out less than sweet
A federal government bail-out of the Australian sugar industry was
under threat on Tuesday after business and opposition groups, in
particular food manufacturers, objected to a three cent a kilogram
levy to fund the $120 million plan...