Regulatory
Academy of Chocolate stages virtual event for 2020’s winners
Two artisanal producers have been named as winners of the coveted Golden Bean trophy at the prestigious Academy of Chocolate Awards, which were delayed owing to the ongoing pandemic.
Business news, Cocoa & chocolate, New products, Processing, Regulatory, Sustainability
Ghana and Ivory Coast governments report on combined deforestation CFI action plans
The governments of Ghana and Ivory coast, alongside 35 key companies in the cocoa and confectionery trade part of the Cocoa & Forests Initiative (CFI) have reported on combined actions tackling deforestation, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Momentum continues to build for the World Confectionery Conference
With just under a month to go before our debut World Confectionery Conference, preparations are going from strength to strength as major industry players are continuing to sign up and participate.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Mars moves to further champion key Living Income Differential cocoa scheme
Mars Wrigley has moved to champion the Living Differential payments to cocoa farmers – amounting to $400 a tonne, stating that everyone in the supply chain should thrive, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Ferrero drives to continue work on tackling deforestation in cocoa supply chains
Ferrero has furthered its work on sustainability in releasing its second annual report on activities implemented during 2019/20 under the Cocoa & Forests Initiative (CFI) environmental measures in Ghana and Ivory Coast, reports Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Nestlé unveils $5.75 billion deal for Bountiful Company’s core brands, including Nature’s Bounty
The Swiss-based Nestlé group has moved to secure a $5.75 billion deal for the core brands of the Bountiful Company, a key player in global nutrition and supplements market, including functional gummy ranges, reports Neill Barston.
Business news, Ingredients, New products, Regulatory, Sustainability
Category spotlight: Online retailing drives global functional gummy market
A key upturn in gummy sales has been seen globally in the past year, with the market set to be worth $10.6 billion by 2025. But was this just a knee-jerk response to the Covid-19 pandemic or are functional sweets here to stay? Ross Carlin, MD of sector The Good Food Group explores their potential
Business news, Ingredients, New products, Processing, Regulatory, Sustainability
Fairtrade Foundation welcomes government’s revamped climate goals
The Fairtrade Foundation has welcomed UK government policy to cut carbon emissions by 78% by 2035, delivering a first in including global aviation and shipping within its targets, reports Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Hershey CEO hails key improvements with first quarter results
The CEO and president of Hershey, Michele Buck, has hailed ‘broad-based growth’ in its first quarter results delivering reported net sales up 12.7% to $2.3 billion for the period, writes Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Ferrero pushes forward with dairy supply chain sustainability programme
Ferrero has revealed its ongoing work to create a ‘dairy sustainability roadmap’ for its supply chains for its confectionery operations, including an insights programme developed with FAI Farms, reports, Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, Processing, Regulatory, Sustainability
International Cocoa Initiative creates study on monitoring child labour within the sector
The International Cocoa Initiative (ICI) has established a new study aiming to create operational definition of a Child labour monitoring and remediation systems (CLMRS), to establish a framework that will monitor progress, reports Neill Barston.
Business news, Cocoa & chocolate, Regulatory, Sustainability
Mondelēz records key revenue upturn despite covid trading challenges
Mondelēz International’s first quarter results for 2021 have shown the global snacks and confectionery firm increased net revenues by 7.9% to $7.2 billion, revealing a continued upturn despite continuing pandemic conditions, reports Neill Barston.
Business news, Cocoa & chocolate, Packaging, Processing, Regulatory, Sustainability
Nestlé draws major concern from unions over plans to cut 573 UK jobs
Nestlé’s UK division has confirmed that up to 573 jobs are at risk in the business as part of a major reorganisation of its British confectionery manufacturing – including closing its Fawdon site, writes Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Nestlé confectionery sales rise despite pandemic
Nestlé has recorded increased revenues from its confectionery division, recording CHF 1.7 billion in sales for its latest quarter, against 1.63 billion for the same period in 2020, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability