ICCO
Ghana and Ivory Coast cocoa prices surge to ’46-year high’, as concerns remain over supply deficits
Cocoa prices for key Ivory Coast and Ghana crops have continued to show notable increases this past month that have been put at seven-year highs, owing to continued uncertainties surrounding ongoing concerns over supply deficits, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
ICCO report reveals cocoa prices hit near seven-year high
Cocoa commodity prices have rallied to a seven-year high to around the $3,000 in New York and £2,300 in London, amid a global production shortfall, according to latest figures from the ICCO, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
ICCO revises forecast for increased global cocoa supply deficit
The International Cocoa Organisation has revealed that for 2022/23 cocoa year, supply deficit figures have risen from 60,000 to 142,000 tonnes, with pressure on global crops including adverse weather and availability of fertilisers, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Sugar and cocoa markets remain at stubbornly high levels, according to sector research
Pressure has continued to mount on confectionery and wider supply chains, with prices for both raw sugar and cocoa reportedly reaching 10-year and seven-year highs respectively by the end of last month, according to commodities analysis group The Smart Cube, writes Neill Barston.
Business news, Ingredients, Processing, Regulatory, Sustainability
ICCO reconfirms Michel Arrion as executive director for five years
The International Cocoa Organisation (ICCO) has made a major move to reappoint Michel Arrion as Executive Director for a period of 5 years until 30 September 2028, writes Neill Barston.
Business news, Cocoa & chocolate, Regulatory, Sustainability
Special feature: Ethical cocoa sourcing under the spotlight
Sustainability standards in cocoa sourcing have remained rightly high on the global agenda. Neill Barston examines the core issues and developments making major headlines
Business news, Cocoa & chocolate, Ingredients, Packaging, Processing, Sustainability
ICCO report shows increase in Ghana and Ivory Coast cocoa crops, but key export challenges persist
Latest figures from the International Cocoa Organisation (ICCO) have revealed crop production is on an upward curve, with 1.346 million tonnes of beans arriving at its ports, up 11.6% per cent year-on-year, yet key pressures remain in the wake of industrial action impacting exports, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
ICCO warns of impact from flash floods upon cocoa sector
Flash floods in West Africa, including Ivory Coast, are believed to have further impacted on key cocoa growing areas, further affecting communities under pressure from cost of living inflation, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
ICCO warns of continued global market uncertainty impacting on international cocoa production
The latest figures from the International Cocoa Organisation (ICCO) have shown that from the 2021/22 season, demand for cocoa is anticipated to overtake supply – yet it warns wider global economic uncertainty continues to impact on the sector, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
ICCO expresses concerns over upcoming cocoa crops, with global production levels forecast for decline
The International Cocoa Organisation today has projected a notable 6% decline in global production of cocoa to 4.923 million tonnes for the 2021/22 season, amid major headwinds from the Russian invasion of Ukraine, trade disruptions and increased freight costs, writes Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
ICCO cancels 2022 world cocoa event amid ongoing Covid concerns, with plans for a 2024 showcase
The International Cocoa Organisation (ICCO) has confirmed that its plans to host the 2022 edition of its World Cocoa Conference have been cancelled amid ongoing Covid pandemic uncertainties, writes Neill Barston.
ICCO cocoa organisation confirms project managing cadmium levels in crop supplies
The International Cocoa Organisation has confirmed plans to deliver a project designed to manage the levels of cadmium present in cocoa sourced from Latin America and Caribbean, writes Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, Regulatory, Sustainability
ICCO cocoa figures reveal global supplies expected to drop 5% this year
The International Cocoa Organisation (ICCO) has unveiled its latest forecast for the 2021/22 global crop production year, which has revealed that bean supplies are expected to drop 5% to 4.955 million tonnes, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
ICCO revises global cocoa harvests projections to highest ever world production levels
The International Cocoa Organisation has revised its crop forecasts for the 2020/21 including overall levels of global cocoa harvests, with a record-high projection of 5.141 million tonnes now anticipated for world production volumes, reports Neill Barston.
Business news, Cocoa & chocolate, Processing, Sustainability