Chocolate companies should rethink cocoa sustainability programs to reverse low adoption rates for training and technology, says The Scientific Committee of the International Symposium on Cocoa Research.
Cocoa processors now have access to a futures contract that specifies the quality and physical delivery of cocoa in the same conventions as are used in the underlying cocoa market that they are active in, according to CME Group, the exchange behind the...
Talks are expected to begin imminently between European cocoa players and the governors of the London futures markets in regards to speculation in the commodity following a threat by traders to switch to the New York cocoa futures market, said a German...
The extent of speculation in the London cocoa market has prompted 16 European organizations to sign a letter addressed to the Liffe exchange calling for increased hedge transparency, according to Reuters.
As demand continues to outstrip supply, the world price of cocoa was more than 12 per cent higher at the end of last week compared with a year ago, according to the International Cocoa Organization (ICCO).
Turmoil in the global financial markets could, ironically, offer relief to prices in the commodity exchanges, where leading confectioners lock in key raw materials for their formulations, with evidence this week suggesting a wave of non-commercial speculators...
Global chocolate supplier Barry Callebaut said that recent
acquisitions had boosted its six month figures, with net profit
showing double-digit growth. But low cocoa prices affected
activities at the processing arm of the company.