Cocoa

The scheme was launched in Jakarta earlier this month. Pic: ofi

Sustainability

New $8.2m project launched to support cocoa farmers in Indonesia

By Anthony Myers

The United States Agency for International Development (USAID) has announced a new project to promote sustainable cocoa and coffee production in Indonesia with The Hershey Company, Rikolto, the Indonesian government, and PT. Olam Indonesia - part of olam...

The extra funding will help Tony's Chocolonely expand into new markets. Pic: CN

Business

Tony’s Chocolonely secures an additional €20m funding

By Anthony Myers

Following a successful year of rapid growth and strong progress on sustainability, Tony’s Chocolonely has raised an additional €20m of capital from its existing shareholders to accelerate the delivery of its mission, the Dutch ethical brand has announced.

Can Artificial intelligence solve the cocoa industry - and is it a threat to our livelihoods? Pic: GettyImages

Technology

Can Artificial Intelligence solve cocoa’s sustainability problems?

By Anthony Myers

As an experiment, I turned to the Artificial Intelligence (AI) chatbot ChatGPT* to obtain an outside eye on the current state of the cocoa industry. I was curious to know if a computer algorithm could come up with credible answers to the main issues that...

Pic: CN

Commodities

Cocoa prices pulled down by ICE inventories

By Anthony Myers

After consolidating recent gains, cocoa prices posted modest losses earlier this week after an increase in cocoa inventories weighed on prices.

Christine McGrath announced as new WCF chair. Pic: Mondelēz International

Appointments

Christine McGrath takes over from Boone as new WCF Chair

By Anthony Myers

The World Cocoa Foundation (WCF) has announced Christine McGrath, SVP and Chief Impact & Sustainability Officer at Mondelēz International, as its new chair, along with two new board officers.

The two West African countries produce over 60% of the world's cocoa Pic: Getty Images

Commodities

Cote d’Ivoire and Ghana await approval for IMF loans

By Anthony Myers

Both countries’ economies have been ‘hit hard by the triple shock of the Covid-19 pandemic, global financial tightening, and adverse spillovers from Russia’s war in Ukraine’.

Peter Boone has left his post as Barry Callebaut CEO for personal reasons. Pic: Barry Callebaut

Breaking

Peter Boone resigns as Barry Callebaut CEO

By Anthony Myers

The Board of Directors has appointed Peter Feld (57, German national) as the new Chief Executive Officer (CEO) of the Barry Callebaut Group, with immediate effect. Feld succeeds Peter Boone who is stepping down for personal reasons.

Pic: GettyImages

Sustainabilty

New ‘Scorecard’ questions chocolate companies’ sustainability efforts

By Anthony Myers

While many companies claim ‘100% sustainably sourced cocoa’ on their chocolate bars, these sustainability claims cannot be ‘ necessarily’ trusted,' according to the latest ‘Chocolate Scorecard’ that has analysed companies selling chocolate around...

Gerald Manley. Pic: ofi

Business

Gerard Manley announces retirement as ofi Cocoa CEO

By Anthony Myers

Gerard Manley, CEO of ofi’s Cocoa business and the group’s Chief Sustainability Officer (CSO), has announced he will will retire at the end of June 2023 after 25 years with the company.

Pic: Guittard Chocolate

Free-from

Guittard Chocolates boosts its dairy-free and kosher lines

By Anthony Myers

Guittard Chocolate Company has announced its dairy-free kosher pareve processing capabilities and its new dairy-free product line, which will include three retail baking chips - Semisweet Chocolate Chips, Extra Dark Chocolate Chips, Akoma Organic Extra...

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