Brazil
Olam records lower profits amid trading challenges
Olam International, the global cocoa and ingredients business, has reported a third quarter dip in profits, down 14.2% to $20.7 million and nine month profits down 13.6% to $272.6 million, which it attributed to ongoing challenging trading conditions.
Hopes for growth in the South American confectionery market
Confectionery has an especially distinguished history in South America, though challenging economic conditions have affected some of its markets. Neill Barston reports
Key extension of Mondelēz International’s Cocoa Life sustainability scheme set for Brazil
Mondelēz International has unveiled the expansion of its global cocoa sustainability initiative, Cocoa Life, in Brazil, aiming to create empowered and thriving cocoa farming communities, by helping farmers to become more profitable and stable with their production.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
ISM confirms key expansion for 2019’s global confectionery fair
The organisers of the ISM international confectionery trade fair have confirmed next year’s event in Cologne, Germany, is set to be even bigger than ever with an additional hall dedicated to industry developments.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Regulatory, Sustainability
Cargill plans $150 million product texturising facility
The Cargill group has unveiled $150 million investment plans for a HM pectin citrus texturiser production facility in Brazil, South America, which will have wide application use including for the confectionery sector.
Brightest young global confectionery talent to compete at iba
An array of young industry talent from around the world will be competing at the Junior world championship of confectioners, being held at iba in Munich, Germany, for the first time.
Ingredients, Packaging, Processing, Regulatory, Sustainability
Academy of Chocolate awards celebrate winners from around the world
Chocolatiers from around the world gathered at Claridge’s Hotel in the London, UK, this week to celebrate at annual Academy of Chocolate awards party.
Seeking solutions for a fairer cocoa industry
Tackling major concerns over child labour and gender inequality, and an urgent need for greater overall support for farming communities formed some of the key themes of this year’s World Cocoa Conference. Neill Barston reports from Berlin.
Brazilian companies at Sweets and Snacks Expo report record sales
A total of ten Brazilian companies participating in the Sweets and Snacks Expo (SNS) trade event in Chicago, secured $2.33 million in business, with a further $9.25 million expected over the next year.
Brazilian confectionery exports rise ahead of Sweets and Snacks Expo
The Brazilian confectionery, snacks and biscuits industry has participated in this year’s Sweets and Snacks Expo in the US with a renewed range of products.
Mars Wrigley outlines plans to triple cocoa production
Delivering sustainable crop yields was a key topic of discussion at the World Cocoa Conference. Mars was among those asserting significant breakthroughs on the issue. Neill Barston reports
Mondelēz increases sustainably sourced cocoa supplies
Volumes of sustainably sourced cocoa delivered by Mondelēz International have increased 14% over the past two years, to 35%, according to its latest studies.
Sharp global rise in chocolate confectionery launches for Easter
A sharp increase in the level of confectionery being produced for Easter has been recorded by latest figures from Mintel, which revealed a 23% rise over last year.
Nestlé posts slight growth following sale of US confectionery division
Nestlé has registered a slight year-on-year growth in profits across its businesses, with sales figures of CHF 89.8 billion (€78bn) for 2017 against CHF 89.5 (€77.7bn) the previous year.