Ghana

CFI national traceability systems have entered the piloting phase in cocoa-growing regions in West Africa. Pic: CFI

Sustainability

COP28 to hear of CFI updates on cocoa deforestation in West Africa

By Anthony Myers

The Cocoa and Forests Initiative (CFI) is set to present updates on the industry’s commitment to eliminate deforestation and restore degraded forests at COP28, the United Nations Climate Change Conference, which will be held this year in Dubai from 30...

The rally of cocoa prices on the markets should mean farmers are paid more for beans. Pic: CN

Commodities

Tight cocoa supplies push up prices to meet strong global demand

By Anthony Myers

Cocoa prices climbed this week as the result of stronger global cocoa demand, with barchart.com reporting that Gepex, an exporter group that includes six of the world's biggest cocoa grinders, said that its Q3 cocoa processing was 183,731 MT, up...

Koa cocoa farmers celebrate the opening of a new facility to make the most of the cocoa pod. Pic: Koa Photography

Sustainabilty

Koa opens Africa's largest cocoa fruit factory in Ghana

By Anthony Myers

The Swiss-Ghanaian start-up Koa, whose aim is to transform the cocoa industry by upcycling parts of the cocoa fruit that are usually overlooked, has inaugurated Africa's largest cocoa fruit factory.

Cocoa prices hit record highs on the international markets this week. Pic: CN

Commodities

El Niño and consumer demand from China pushes up cocoa prices

By Anthony Myers

Cocoa traded on ICE Futures in New York hit a 12-year high of $3,640.50 per tonne on Wednesday (30 August), as analysts reacted to a consumer surge in chocolate, as well as the adverse impacts of the El Niño weather phenomenon on West Africa’s cocoa crop.

Ghana Gold chocolate recognised for its taste by judges. Pic: MIA

Premium

Ghana Gold chocolate bags two Great Taste Awards

By Anthony Myers

Sustainable chocolate brand MIA, short for made in Africa, says its new Ghana Gold bars have been recognised with two Great Taste Awards, one of the world's largest and most trusted food and drink accreditation schemes.

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.

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’.

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...

Farmers cracking cocoa pods, Ghana. Pic: MIA

Op-ed

Reality check: What can we do about cocoa’s price?

By Brett Beach & Dr Kristy Leissle

In this exclusive op-ed for ConfectioneryNews by Brett Beach, Co-founder of sustainable chocolate brand Made in Africa (MIA), and Dr Kristy Leissle, a member of CN’s editorial board and the author of numerous books and articles on cocoa and industry politics,...

Nigeria is the fourth largest cocoa-producing country in the world. Pic: CN

Commodities

Nigeria informs ICCO of plans to increase cocoa production

By Anthony Myers

Nigeria’s Minister of Agriculture and Rural Development, Dr Mohammad Mahmood Abubakar, has doubled down on the country’s pledge to increase its cocoa production from the present 340,000 tonnes to 500,000 tonnes by 2024.

Inside Ghana Gold, MIA’s new bean-to-bar line

Podcast

Inside Ghana Gold, MIA’s new bean-to-bar line

By Anthony Myers

MIA, short for Made in Africa, is branching out from its base in Madagascar to work with cocoa farmers in West Africa. Co-founder Brett Beach tells ConfectioneryNews the reasons behind the move – and also provides an update on the situation on the island...