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).
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.
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.
The International Cocoa Organisation (ICCO) monthly review of the
cocoa market suggests that a decline of the monthly average ICCO
daily price in April compared to the previous month could be
misleading as far as futures markets are...
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.