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.
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) 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.
Singapore-based cocoa bean supplier Olam has jointly acquired the
Cameroon cocoa processor Usicam with ADM, the world's largest cocoa
processor, giving both firms greater economy of scale in the
Global chocolate supplier Barry Callebaut said that recent
acquisitions had boosted its six month figures, with net profit
showing double-digit growth. But low cocoa prices affected
activities at the processing arm of the company.