Cocoa

Olam Group Limited has guaranteed the sustainability loan to its ofi division. Pic: Olam Group

Finance

ofi secures $1,750m sustainability-linked loan

By Anthony Myers

The Olam Group Limited has announced that its wholly owned subsidiary, olam food ingredients (ofi), which includes its cocoa division, has secured a multi-tranche sustainability-linked facility aggregating $1,750 million.

GoodSAM Founder & CEO, Heather K Terry. Pic: CN

Brands

A good year for GoodSam chocolates

By Anthony Myers

Sustainable chocolate brand GoodSAM Foods has announced a strong first half of 2023 with a record-breaking first and second quarter, driven by an expanded retail reach into US, and industry awards recognition, while exceeding fundraising goals and sales.

Approximately 70% of the cacaofruit was previously discarded.  Pic: Cabosse Naturals

Ingredients

New breakthrough in cacaofruit reduces refined sugar in confectionery

By Anthony Myers

Cabosse Naturals, established by Barry Callebaut to unlock the potential of the entire cacaofruit, has launched a ‘free-flowing, 100% pure cacaofruit powder’, a new ingredient that can replace refined sugar in food manufacture, which also caters to growing...

Can Artificial intelligence solve the cocoa industry - and is it a threat to our livelihoods? Pic: GettyImages

Technology

Can Artificial Intelligence solve cocoa’s sustainability problems?

By Anthony Myers

As an experiment, I turned to the Artificial Intelligence (AI) chatbot ChatGPT* to obtain an outside eye on the current state of the cocoa industry. I was curious to know if a computer algorithm could come up with credible answers to the main issues that...

Christine McGrath announced as new WCF chair. Pic: Mondelēz International

Appointments

Christine McGrath takes over from Boone as new WCF Chair

By Anthony Myers

The World Cocoa Foundation (WCF) has announced Christine McGrath, SVP and Chief Impact & Sustainability Officer at Mondelēz International, as its new chair, along with two new board officers.

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...

There’s plenty of truth that ‘we eat first with our eyes', coined by Apicius, a well-known Roman gourmand from the 1st Century. Pic: GettyImages/Renphoto

The psychology of colour in baking

By Gill Hyslop

Colour is one of the most important sensory cues when it comes to choosing what to eat – influencing what consumers see, what they taste and what they feel while doing it. How can bakery brands capitalise on this?

Olam’s deZaan TrueDark cocoa ticks all the clean label boxes - VIDEO

Clean label special feature

Olam’s deZaan TrueDark cocoa ticks all the clean label boxes

By Anthony Myers

To meet demands of customers increasingly looking for low sugar and clean label products, cocoa companies are meeting the trend for darker chocolate flavours using natural ingredients. Charlene Zhu, head of ingredient development and innovation for Olam...

'Record' year for cocoa crops

'Record' year for cocoa crops

By Catherine Boal

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.

A cure for cocoa?

A cure for cocoa?

By Peter Stiff

The discovery of factors that help the cacao plant resist diseases
could eventually lead to a price drop for cocoa, scientists claim.