The International Cocoa Organization (ICCO) has reiterated its cocoa deficit forecast for the 2012/13 season after a public leak led the market to erroneously believe the shortfall was greater than expected.
Certification is one of the most potent tools for chocolate makers to avoid serious cocoa shortages and to improve the lives of farmers, according to the burgeoning certified cocoa organization, UTZ Certified.
Not quite the choc-pocalypse, but retail prices for chocolate are expected to rise in the face of cocoa price hikes, which could see the taste, shape and size of chocolate change significantly in the year ahead.
A sustainable cocoa supply chain is reliant on women, who provide a large portion of the labor and often invest earnings on items that benefit their community, says Mars Chocolate in a response to harsh criticism.
The industry needs to think how farmers can be incentivized to grow organic cocoa because premiums do not currently compensate the productivity shortfalls from not using pesticides and fertilizer, according to Tradin Organic’s cocoa director.
The company behind Australia’s first single origin chocolate says the country’s cocoa is rich in polyphenols and is set for a big future. Its executive chairman, Cadbury veteran Barry Kitchen talks to ConfectioneryNews.
UTZ Certified argues that guaranteeing cocoa farmers a premium distorts the market by discouraging them from adopting good agricultural practices as they are guaranteed a premium regardless of quality. Fairtrade International disagrees.
North America’s third quarter cocoa grind is the highest of any quarter since the National Confectioners Association began to collaborate data for the US, Mexico and Canada in 2009. The Asian Q3 cocoa grind has also jumped 12%.
Barry Callebaut has collaborated with Hershey to build a primary school in a western cocoa-growing region of Côte d’Ivoire – a move that should ensure children stay off the farms, Barry Callebaut says.
The International Cocoa Organization (ICCO) has slightly reduced its cocoa deficit forecast for the current crop year and says there are ample stocks for chocolate manufacturers, but a deficit next year could raise prices.
French and German palm oil industries and users have joined a handful of other European countries in committing to source all palm oil sustainably with national pledges announced at the European Roundtable on Sustainable Palm Oil (RSPO) summit in Berlin...
Demand for sustainable cocoa is growing in mature markets and the Middle East is beginning to move away from compound chocolate, according to the head of Cargill Cocoa & Chocolate’s revamped sales team.
Fair Trade USA has finalized its labeling policy after over six months of consultation. NGO Fair World Project supports some of the changes but feels the policy does not go far enough to combat exploitative sugar sourcing.
The good news: Around 15% of global palm oil produced in the past year was certified by the Round Table on Sustainable Palm Oil (RSPO). The bad news: Only half of it earned a premium, which doesn’t sound like a great recipe for inspiring more producers...