West Africa
Cargill’s chocolate and cocoa president welcomes sustainability progress
Harold Poelma, president of Cargill’s cocoa and chocolate business, has welcomed progress made in the company’s key 2021 Sustainability Progress Report, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Sustainability
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
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
Barry Callebaut recognised with A rating for fourth successive year in CDP deforestation studies
Sustained progress from Barry Callebaut against tackling deforestation in supply chains has been recognised by CDP, the non-profit environmental organisation, which has rated the company among the top performing global climate leader, reports Neill Barston.
Business news, Cocoa & chocolate, Processing, 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
Ghana’s Cocoa Board signs key $1.5 billion finance agreement for farmer payment
The Ghana Cocoa Board (COCOBOD) has secured a $1.5billion pre-export finance agreement with a consortium of local and international financial institutions, enabling cocoa purchasing for its critical 2021/2022 season.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Puratos Group gains €1 billion financing towards Cacao-Trace cocoa sustainability initiative
The Puratos group’s cocoa sustainability scheme, Cacao-Trace, has received a major boost as a group of private investors has agreed €1 billion finance package for the initiative, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Rainforest Alliance continues cocoa community support with latest annual report
The Rainforest Alliance non-profit organisation has released its annual report for 2020, highlighting key work across its global activities including support for major cocoa growing communities around the world, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Cargill unveils sustainable cocoa butter series sourced from West Africa
Cargill’s beauty division has moved to create a sustainable cocoa butter series, as part of the company’s Cocoa Promise initiative supporting farmers and their communities, enabling them to achieve better incomes and living standards, reports Neill Barston.
Business news, Cocoa & chocolate, New products, Sustainability
Ghana’s COCOBOD raises prospects for African markets, and cracks down on illegal mining
The chief executive of Ghana’s Cocoa Board (COCOBOD) Hon Joseph Boahen Aidoo has called on local cocoa processors and chocolatiers to take advantage of the trade opportunities in Africa, facilitated by the African Continental Free Trade Agreement, (AfCFTA).
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Downward pressure on Ivory Coast cocoa prices contrasted by Ghana’s stability
The International Cocoa Organisation’s latest monthly market analysis has highlighted the reduced ‘farm gate’ price being paid to farmers in Ivory Coast, wiping out the effect of the recently introduced Living Income Differential scheme supporting producers, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Tony’s Chocolonely backs UK’s Better Business Act supply chain law
Confectionery brand Tony’s Chocolonely has joined with B Corp UK ethically certified companies calling for the Better Business Act, delivering legislative change ensuring firms benefit complete supply chains, reports Neill Barston.
Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Olam reaches milestone of 100% child labour cocoa supply chain monitoring
Cocoa specialist Olam Food Ingredients (OFI), has delivered a major milestone of establishing child labour monitoring across its entire network of sustainability programmes operating in nine countries, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Cocoa surplus and pandemic conditions see sector concerns, as market prices fall
The ICCO (International Cocoa Organisation) has released its latest market report, as it notes an issue with a surplus of supplies and the ongoing covid pandemic impacting negatively on cocoa prices, reports Neill Barston.
Business news, Cocoa & chocolate, Processing, Sustainability