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...
After two consecutive years of deficit in conjunction with the expectation of another negative for the current season, cocoa futures in London and New York have continued to be bullish as demand for chocolate remains high, pushing up prices in the face...
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...
The result of a three-year study by a multi-disciplinary panel of four experts into the sources of lead and cadmium in cocoa and chocolate - and how levels may be reduced in the future - has been published by the National Confectioners Association (NCA)...
Cisse Cocoa brings single-origin cocoa beans to its snacking chocolate products
Cisse Cocoa has brought fair trade, single-origin cocoa beans to its chocolate bark products, as the company believes the 'snackfection' trend is no longer a secret to the consumer
A consecutive deficit in 2012/13 is set to move cocoa prices higher as supply struggles to meet rising demand for chocolate products in Asia, according to financial services group Rabobank.
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.
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.
Focusing further on cocoa bean sourcing and processing, Zurich-based Barry Callebaut spins-off Chococam, the last of its consumer activities in Africa, to South African food firm Tiger Brands.
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
African market.
Cocoa bean producer Pan Sino International has announced plans to
build Singapore's largest cocoa processing plant, increasing cocoa
bean supply for manufacturers.
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.
