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.
European cocoa processing volumes declined in the fourth quarter after processor Euromar became insolvent; the global cocoa market is also expected to enter a supply surplus.
The Netherlands is expected to have overtaken Côte d'Ivoire as the leading cocoa processor for the 2015/16 cocoa season, as Europe's cocoa grind reaches a five-year high.
Oreo maker Mondelēz International must face a US class action lawsuit alleging it manipulated wheat prices after a court blocked its motion to dismiss the case.
Euromonitor International expects more chocolate makers will take vertical control of their supply chains by acquiring commodity suppliers as prices continue to climb.
Mondelēz will bear the brunt of any potential financial sanctions if a charge of manipulating wheat prices brought yesterday by The U.S. Commodity Futures Trading Commission (CFTC) succeeds.
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...
CME Group has launched the first euro-denominated cocoa futures contract, which it claims provides improved hedging mechanisms that better reflect the physical cocoa market.
The world’s third largest cocoa processor Olam has agreed to pay a fine of $3m for alleged mistrading of cocoa futures but has refused to admit wrongdoing.
Rabobank has warned that cocoa prices will respond if there is a return to civil war in the Ivory Coast as this could impede cocoa exports onto the world market.
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...
Latest figures from the International Cocoa Organization (ICCO)
suggest that there will be a rise in world production of cocoa
compared to last year and a rise, though smaller, in world
grindings.
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.
