Ghana is the world’s second-biggest cocoa producer, after its West African neighbour, Cote d’Ivoire. Its main growing season runs from October to September, and while output may increase - a glut in the global market has raised wider concerns about lower...
Lockdown restrictions at destination ports for cocoa exports caused by the coronavirus pandemic is having a financial impact on Ghana’s main commodity due to slowing exports and sales.
Funds from FMO Bank will support the addition of new lines for instant cocoa powder, ready-to-drink chocolate and chocolate-based spreads from the Ghanaian-owned chocolate producer.
The German grocer has augmented its existing sustainable chocolate policy for private-label products as part of its overarching ‘Way To Go’ program of responsible sourcing.
The world’s second-largest cocoa producing nation became the third country to sign a deal that aims to address the effects of deforestation and forest degradation.
ConfectioneryNews spoke with three facets of the industry – a leading certifier, a boutique producer, and a nonprofit – to understand the potential efficacy of higher prices paid to farmers.
Researchers set out to determine how much, if at all, a price premium would affect the reality of child labor in cocoa production in Ghana. Through three scenarios, they settled on an 11% bump transferred directly from government to farmer.
Two countries instead agree on 'additional' $400 income for farmers if price falls too low, after meeting in Abidjan breaks up without agreement from cocoa processors.
Out of 50 applicants, the Rainforest Alliance selected a winner and runner-up for their remote-sensing data plans to help digitize cocoa farming in Ghana.
The Standard Bank Group, Africa’s biggest lender by assets, sent 17 members as part of an immersion program to discuss opportunities for growth in the Ghanian cocoa sector.
Tech can help cocoa farmers increase efficiency on their land and pinpoint trouble spots faster and with more accuracy, says the Rainforest Alliance, and it has launched a competition to find companies willing and able to build those tools.
It will take every tool in the box to combat the effect of climate change on cocoa production, warn industry experts following the publication of research into the impact of rising temperatures on farmers in West Africa.
Nestlé said it has increased its donations of disease-resistant cocoa trees to farmers in Ivory Coast in a bid to boost the quality of the beans that are produced in the country.
The recent Ghana-Liberia agriculture pact is unlikely to have a major impact on the global cocoa industry; whereas Nigeria is a region to watch, according to Euromonitor.
Leading cocoa supplier, Archer Daniel Midlands (ADM), has confirmed that it is keeping its cocoa processing plant in Kumasi, Ghana open in spite of challenges related to acquiring light crop beans for processing.
Cocoa fell to a three month low in London on signs that supplies in the world’s biggest producer countries would be boosted by the better crop husbandry initiated over the past three years.
Cocoa supplies in Ghana, the world's second largest producer of beans, are being hit by smugglers taking the valuable beans abroad as prices crash through the $3000 barrier.
The Ghana Cocoa Board (GCB) has secured a US$650 million loan to
purchase cocoa for the 2003/2004 cocoa season. The
facility,repayable within a year, was arranged by four leading
banks.
