The Russian government is considering imposing a tax on palm oil and sugary drinks in a bid to fill state coffers and improve public health, according to reports.
UK palm oil imports were 72% sustainable in 2014 – up from 55% in 2013, according to an annual progress report from the Department for Environment, Food and Rural Affairs (DEFRA).
Barry Callebaut has returned to net profit growth in its half year results as it further integrates the cocoa ingredients business acquired from Petra Foods.
The International Cocoa Organization (ICCO) has slightly reduced its cocoa deficit forecast for the current crop year and says there are ample stocks for chocolate manufacturers, but a deficit next year could raise prices.
A 10,000 ton shipment of fertilizer arrived in the principal cocoa growing nation Ivory Coast today as part of an industry-backed initiative to double productivity on cocoa farms.
The EU’s sugar quota fell three million metric tons short of demand in 2012 leading to an 11% price hike, but the deficit is not expected to increase due to stagnant demand for sugar-based foods and health concerns, according to market analysts Euromonitor...
Reflecting the continuing industry trend toward outsourcing and its growing foothold in emerging markets, pod to pallet chocolate supplier Barry Callebaut said it has signed a long-term agreement with Mexican manufacturer, Chocolates Turin.
The fall in cocoa grindings by 2.4 per in the fourth quarter of 2010 is not an indication of slowdown in the recovery of the chocolate market in Europe, claims an industry analyst.
The CIUS is calling for the European Commission to act now to keep sugar supplies within the EU market rather than export the sweetener, with it claiming that EU based confectioners and other food and drink manufacturers are facing sugar supply difficulties.
Cereplast said an agreement reached with Turkish company Sezersan Ambalaj will see bio-based twist film packaging launched onto the European market for the first time
The reported purchase of 240,100 tonnes of cocoa on the London futures market by a sole trader will not impact hugely on supply to industry, as cocoa processors have already shored up bean stocks for the next four months, claims the International Cocoa...
Cocoa futures in New York hit their lowest price since September yesterday on signs of increased production in Ivory Coast, which is the leading global supplier.
Reports last week suggest cocoa production in the Ivory Coast, the world’s largest producer of cocoa, may be one million metric tonnes this year, down from 1.36 million last season.
Barry Callebaut has successfully closed its acquisition of a 60 per
cent stake in Malaysia's KLK Cocoa - a strategic move expected to
give the Swiss firm leverage to expand in the high-potential
Asia-Pacific region.
Hazelnut prices remain at all time highs but the imminent crop from
key producer Turkey could offer some stability to snack makers and
confectioners impacted by the record highs.
Acquisitive US ingredients firm Cargill leapfrogs into a leading
pectin position as the Citrico acquisition clears allowing pectin
products to fall into Cargill's portfolio, reports Lindsey
Partos.
Cocoa prices have leapt in London, driven by fears that instability
in Ivory Coast, that produces some 40 per cent of global crops,
could impact supplies.
Wheat, corn and soybean prices will remain high for much of 2004,
warns the US agency Fitch Ratings, with the industry likely to see
a continual shifting of higher ingredients costs onto the food
manufacturer. But tough negotiations...
German sugar giant Suedzucker willl break ground on a new plant to
produce bioethanol fuel from wheat at Zeitz in East Germany.
Earmarked for completion by 2005, the plant will operate in
conjunction with the local sugar factory.
