Cocoa

Ourput of West African cocoa beans fell last month. Pic: CN

Commodities

Uncertain supply and demand undercuts cocoa prices

By Anthony Myers

Recent flash flooding in West and Central Africa has hindered Cote d’Ivoire’s transportation of cocoa beans from the farms to the ports and could be the reason for the reduction of cocoa arrivals seen during the first few weeks of the main 2022-23 season...

Guylian's famous chocolate seashells will now carry the Fairtrade logo. Pic: Fairtrade America

Sustainability

Guylian commits to 100% Fairtrade Certified cocoa

By Anthony Myers

The premium Belgian chocolate brand said the move demonstrates its commitment to sustainable production in its supply chain by prioritising the livelihoods of cocoa farmers.

The company also said it is also battling a volatile environment in its European market. Pic: Mondelēz International

Financial results

Mondelēz to up Cocoa Life investment on back of strong Q3 results

By Anthony Myers

Mondelēz International has announced net revenues grew 8.1% year-on-year in the third quarter this year, driven by stronger pricing and volume. The Chicago-headquartered company also raised its full-year results forecasts and announced more price hikes...

Peter Boone, CEO of the Barry Callebaut Group, at the launch last month of its '2nd Generation Chocolate' innovation. Pic: Barry Callebaut

Financial results

Drop in profits at Barry Callebaut after factory shutdown earlier in year

By Anthony Myers

Barry Callebaut caught the market by surprise by rescheduling its Full-Year Results 2021-22 analysts and media call to Tuesday instead of today (Wednesday 2 November) after the figures were published early due to an ‘unforeseen event’. The world’s largest...

ofi claims it can can now track cocoa at every stage of its journey from the farm or community. Pic: ofi

Sustainability

Ofi’s Cocoa Compass wins sustainable supply chain award

By Anthony Myers

Cocoa supplier olam food ingredients (ofi), has won the Sustainable Supply Chain of the Year Award at the 2022 Global Good Awards, which recognise businesses, NGOs, charities and social enterprises that are driving social and environmental change.

Cocoa and flower growers experienced the strongest rebounds in 2021, according to Fairtrade. Pic: Fairtrade

Sustainability

Fairtrade cocoa farmers see boost in earnings, according to new report

By Anthony Myers

Cocoa farmers, as well as workers in other commodities and crops, experienced a boost in Fairtrade Premium earnings thanks to a recovery in Fairtrade product sales throughout 2021, Fairtrade International’s latest annual report has revealed.

Pic: GettyImages

Economy

Sterling crisis will impact cocoa farmer incomes, Fairtrade warns

By Anthony Myers

After the pound hit a record low against the US dollar at the end of September, the Fairtrade Foundation is warning of the potential impact of the market volatility, both on farmers in low-income countries and the UK shoppers who buy the food they grow.

The trading community has encouraged the growth of cocoa production, the ECA Forum was told. Pic: CN

ECA Cocoa Forum 2022

Where’s the pay-off for price stability in cocoa?

By Anthony Myers

The ECA’s Cocoa Forum 2022 looked at the supply & demand functionality in the industry regarding the right package of policy actions in a fluctuating market.

This year’s Forum focused on traceability as a key enabler for sustainability in cocoa. Pic: CN

ECA Forum 2022

Cocoa and chocolate companies agree to share farmer data

By Anthony Myers

Cocoa and chocolate companies have announced greater cooperation and a willingness willing to share their cocoa farmer data with Ivorian and Ghanaian authorities to further traceability.