Ghana
ICCO cocoa organisation expresses concerns over global market impact of Ukrainian conflict
The ICCO International Cocoa Organisation has expressed concerns regarding the Ukranian conflict’s impact on its own agricultural sector, with crops and as well as valuable fertiliser supplies impacted by the situation, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Koa start-up discloses all payments to cocoa farmers with blockchain
Koa, the Swiss-Ghanaian start-up, is launching a system using blockchain technology, that proves transactions and higher income for cocoa farmers.
Fairtrade Foundation backs global government report on climate change impacts
The Fairtrade Foundation has backed a report from the Intergovernmental Panel on Climate Change (IPCC), highlighting the clear impacts that rising global temperatures are having on key agricultural crops, as the charitable body expressed concern over major issues including continued rates of deforestation, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, 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
Urgent confectionery sector action on stemming deforestation needed
The last few years within the confectionery industry have seen an increasing spotlight being placed on the sustainability of the cocoa sector, with farming communities at the heart of the supply chain in West Africa facing considerable challenges.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Chocolate companies must intensify action, amid report claims of ‘near record’ deforestation in Ghana and Ivory Coast
Forests in key cocoa growing areas of Ghana and Ivory Coast are being lost at a rate equivalent of areas the size of major cities such as Madrid, Seoul or Chicago, according to claims made through latest satellite mapping research from the Mighty Earth organisation, reports Neill Barston.
Business news, Cocoa & chocolate, Regulatory, Sustainability
Nestlé unveils plans offering farmer payments tackling cocoa sector child labour
Nestlé has moved to enhance its programmes addressing child labour with an income accelerator scheme in Ghana and Ivory Coast offering incentivised payments to farmers and advancing best agricultural practices, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Ghana’s Cocobod refers suspected child labour cases in cocoa sector to national police
Ghana’s cocoa board, Cocobod, has reportedly referred potential child labour cases to police services within the country, which is believed to have led to a number of arrests, writes Neill Barston.
Business news, Cocoa & chocolate, New products, Regulatory, Sustainability
Cargill makes further multi-million investment into Ghana cocoa processing site
The Cargill group has confirmed completion of $13 million expansion of its cocoa processing facility in Tema, Ghana, marking a notable expansion of grinding capabilities within the region, which is seen as critical for developing the country’s industry infrastructure, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Fairtrade Fortnight set to support key communities including cocoa farmers
The next annual Fairtrade Fortnight (21st February-6th March 2022) is set to be a show of support for farming communities, including those within the cocoa sector, in tackling the climate crisis, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Cocoa coalition of key confectionery brands welcomes EU progress on deforestation legislation
A cocoa coalition of chocolate companies including Ferrero, Hershey, Mars Wrigley, Mondelēz International, Nestle, and Tony’s Chocolonely, alongside Fairtrade International and Rainforest Alliance have welcomed EU progress on deforestation regulations, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
International Cocoa Organisation welcomes Colombia into its membership
The International Cocoa Organisation has confirmed that it has completed a two-year process to appoint Colombia as a full member country, as it continues its mission to support sustainability within the sector, writes Neill Barston.
Business news, Cocoa & chocolate, Regulatory, Sustainability
Tony’s Chocolonely’s annual FAIR report shows key global growth
Dutch-headquartered Tony’s Chocolonely ethical impact chocolate company has released its annual FAIR report, revealing 24% global business growth, as well as making key sustainability gains, reports Neill Barston.
Business news, Cocoa & chocolate, New products, Processing, Regulatory, Sustainability
Global cocoa markets continue to face pressure, according to ICCO figures
Latest global cocoa production figures from the International Cocoa Organisation (ICCO) have revealed that international markets face continued challenges, with prices falling 9% in London and 6% on the New York exchange during October, with a problem of oversupply proving a key factor, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability