Ivory Coast
Exclusive: Puratos Cacao-Trace scheme sets ambitious targets supporting key cocoa communities
As the chocolate industry continues to play a stronger focus than ever surrounding delivery on sustainability goals amid upcoming EUDR regulations, Puratos recently released its annual Cacao-Trace report.
ICCO figures show cocoa supply chain deficits amid high volatility in global prices
The International Cocoa Association (ICCO), has released its latest quarterly bulletin revealing that crop deficits are ‘expected to be higher’ than previously anticipated, amid a shortage of supplies coming forward from key West African producing nations of Ghana and Ivory Coast, reports Neill Barston.
Fairtrade sustainability training schemes make gains in Ghana and Ivory Coast
Results from a new Fairtrade study have found that it has attained a notable expansion in sustainable practices training provision for farmers under its West African Cocoa Programme (WACP), across Ivory Coast, Ghana and Sierra Leone, writes Neill Barston.
Cocoa prices fall dramatically by 30% surrounding market liquidity fears
After hitting a major comparative peak last month, cocoa prices that were trading at around $12,000 on Futures commodities markets have experienced a sizable drop of around 30%, amid reported fears over a lack of liquidity in the market, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
KIT Institute study notes key results for Nestlé cocoa income accelerator scheme
A report from the KIT Institute has revealed that Nestlé’s income accelerator programme for cocoa farmers has seen their household pay levels increase by a total of 38%, amid wider sector ambitious of delivering a living income for agricultural workers, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
AI-assisted analysis and enhanced data tools deliver key gains with ofi Cocoa Compass report
The latest ofi (Olam food ingredients Cocoa Compass report has revealed core gains in its operations, including revealing that over 30,000 farmers are now earning a living income through its engagement, leaving it on track to reach 150,000 by 2030, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Alex Assanvo urges World Cocoa Conference to reach for the moon
Alex Assanvo, of the Ivory Coast Ghana Cocoa Initiative urged assembled sector leaders at the World Cocoa Conference to ‘put our tools together’ to deliver on a long-held quest for a living income for farmers, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Rainforest Alliance places farmer pay and EUDR legislation as key World Cocoa Conference topics
The Rainforest Alliance organisation is set to make a notable appearance at the World Cocoa Conference opening this weekend, placing farmer’s living income, EUDR regulations and regenerative agriculture as key issues for action to deliver on sustainability goals, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Barry Callebaut unveils Future Farming Initiative with Ecuador high-tech venture
An ambitious move from the Barry Callebaut Group has seen it unveil plans for a Future Farming Initiative (FFI), based upon an initial pilot project in Ecuador, aimed at creating scaleable, high-tech, sustainable cocoa supplies for the global market, reports Neill Barston.
Business news, Cocoa & chocolate, Food safety, Processing, Regulatory, Sustainability
EU reportedly set to remain on track to deliver EUDR deforestation regulations as scheduled
Despite pressure from a significant number of EU nations, the European Commission is reportedly not planning to alter its projected timeline for implementing the much-anticipated EU/DR import regulations relating to key supply chains including cocoa markets, according to a fresh industry update, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Puratos’s Belcolade Cacao-Trace on track to support cocoa farming community support goals
Puratos’s premium Belgian chocolate brand, Belcolade, has unveiled its latest annual report of its Cacao-Trace cocoa sector initiative, which has revealed it remains on track to reach its goal of up to 50,000 farmers around the world achieve a living income, writes Neill Barston.
Business news, Cocoa & chocolate, Regulatory, Sustainability
CIGCI Ivory Coast-Ghana cocoa body welcomes enhanced crop payments for farmers
The Ivory Coast-Ghana Cocoa Initiative (CIGCI) has formally praised what is a record mid-crop farmgate price in both Ivory Coast and Ghana, in response to spiralling values on Futures trading markets in New York and London, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Ghana’s government confirms 50% increase for cocoa farmers, matching Ivory Coast’s move
Ghana’s government has confirmed that it has moved to follow in the footsteps of neighbouring Ivory Coast to increase cocoa price payments to farmers, which will rise 58% to GH¢ 33,120.00 ($2.47kg), in response to major global rises sector values, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
World Cocoa Foundation delivers new cocoa farmer income measurement system
An enhanced system of measuring cocoa household incomes has been devised by the World Cocoa Foundation (WCF) alongside key industry stakeholders, as the organisation moves to enable additional support for key producing communities, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability