UPDATE: TUESDAY 26 MARCH 2024: Cocoa prices continued to rise this week. Earlier today the price of cocoa beans smashed through the $10,000 a ton for the first time in the futures market after posting gains all week - with chocolate makers passing on...
To mark World Cocoa & Chocolate Day (which took place on 1 October) Magnum ice cream has released more details on its female empowerment programme, upscaling the work to reach thousands of additional women throughout cocoa communities in the West...
As new research reveals that deforestation in the world’s largest cocoa-growing country could be far more worse than originally predicted, a White Paper published by Barry Callebaut looks how to tackle productivity on cocoa farms to end the cycle of unsustainable...
Cocoa bean processing in North America has slumped almost 12% in the second quarter, according to figures released by the National Confectioners Association, the lowest in almost 15 years for that period, while in Europe and Asia, factories ground the...
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...
A larger than expected supply of cocoa beans from West Africa will add to high buffer stocks and push cocoa prices down by 4%, according to financial service provider Rabobank.
Cocoa production in Germany has risen by 36% on the same quarter last year due to an improved political situation in Ivory Coast, according to the Association of the German Confectionery Industry (BDSI).
There will be no dramatic drop in cocoa prices in the coming months as forecast by numerous speculators hoping to cash in on a downward trend, reports a cocoa market specialist.
Another milestone has been achieved in the UTZ certified sustainable cocoa programme, with the first-ever shipment of cocoa beans from Ghana that meets that standard’s economic, environmental and social criteria.
The food industry and cocoa traders have welcomed the EU decision to lift sanctions on the Ivory Coast ports and other Ivorian entities following an end to the crisis in the cocoa growing country.
Fears that almost 500,000 tonnes of cocoa beans stored in warehouses in the Ivory Coast would deteriorate are now subsiding with the perception that a political resolution is imminent in the cocoa growing country, according to Rabobank
Cocoa prices have proved resilient in the economic downturn, even as other commodity prices have slumped, and confectionery manufacturers are concerned that tight supply will keep prices high for some time yet.
Global confectioners Mars and Nestle have joined a sustainable
cocoa programme, which aims to establish a traceability system for
all farmers in the Ivory Coast.
Cadbury today launched a fund to aid its cocoa suppliers
in Ghana, after research suggested that average production in
the region is now 40 per cent lower than the potential yield.
A UK-based pressure group campaign against companies
that buy cocoa from the Ivory Coast has accused
the industry of funding conflict and civil unrest.
The International Cocoa Organisation (ICCO) has revised its gloomy
cocoa estimate of a 5,000 tonne deficit to predict a global surplus
of 80,000 tonnes of cocoa in the coming year, assuring
manufacturers of a steady supply.
Cote d'Ivoire cocoa growers have downed tools over pay
disagreements, beginning a strike which could dramatically cut
supplies to chocolate manufacturers.
The Malaysian cocoa board expects 2005 to set a new record for
cocoa exports, exceeding RM 2 billion ($530 million), thanks to
increased global consumption and access to new markets.
Leading merchant of cocoa, sugar and coffee ED&F Man has
launched Corigins, a US-based supplier offering traceable, quality
sugar and cocoa ingredients, Philippa Nuttall reports.
Nestle Cote d'Ivoire hopes to double the capacity of its soluble
coffee factory in the West African nation to produce 24,000 tonnes
eventually, financial director Virginie Medafe said.
