cocoa
Sustainably sourced palm oil could provide confectionery sector answers
With sustainability of cocoa sourcing remaining high on the sector’s agenda, confectionery consultant Graham Godfrey asks if responsibly farmed alternatives to cocoa butter, such as palm oil, should be considered
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Barry Callebaut posts key upturn in six-month revenues
The Swiss-headquartered Barry Callebaut group has reported a 6.0% (+3.5% in CHF) increase in sales revenues, to CHF 3.6 billion, for the first six months of its financial year, amid the success of its ruby chocolate.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Ferrero confirms action plan for global Cocoa and Forests Initiative
The Ferrero group has confirmed its participation in the international Cocoa and Forests Initiative (CFI), through joining other global firms in producing action plans to tackle deforestation and support key African farming communities.
Business news, Cocoa & chocolate, New products, Sustainability
Mars announces actions toward deforestation-free cocoa supply chain
Mars Wrigley last week launched new commitments to preserve the planet’s forests, following the release of the company’s strategy to drive towards a sustainable, fully traceable cocoa supply chain by 2025.
Cargill acquires Smet, boosting gourmet chocolate offering
Cargill’s cocoa and chocolate business has announced it intends to acquire Smet, a Belgium-based supplier of chocolate and sweets decorations to the food service and confectionery markets.
Fairtrade Fortnight aims for living wage for Ivory Coast farmers
Fairtrade Fortnight began in the UK this week, and its commendable work has an especially potent message this year. Its core aim for 2019 centres on calling on assistance for women cocoa farmers in West Africa, specifically Ivory Coast, the vast majority of whom are working in below poverty line conditions. Though this may not […]
Business news, Cocoa & chocolate, Ingredients, Sustainability
Latest cocoa powder offering from Cargill
Cargill has launched its new Gerkens CT70 cocoa powder, aimed at creating consumer preferred bakery products by exceeding their expectations in aroma and chocolate taste.
Rainforest Alliance calls on developers to help cocoa farms
The Rainforest Alliance has launched the Ag-Tech Developer Challenge, a competition to create a remote sensing data product to support the mobile-enabled FDPs on cocoa farms.
Using the optimistic mindset – further strengthening trust
Last year, at the World Cocoa Conference in Berlin, The German Initiative on Sustainable Cocoa and the Swiss Platform for Sustainable Cocoa discussed the latest issues affecting the industry. At this year’s ISM, they met again to look at what progress has been made, with a particular focus on giving farmers a living wage.
Olam plans multi-billion investment in its global operations
Global food and agri-business Olam International (“Olam”) today announced its 2019-2024 strategic plan which will see investment of over $3.5 billion into strengthening its business operations in response to consumer trends.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Ethical chocolate company, Tony Chocolonely arrives in the UK
Dutch ethical chocolate company Tony’s Chocolonely has launched its products on the UK market for the first time.
Cargill celebrates a decade of sustainability and innovation in Ghana
Cargill’s cocoa & chocolate business commemorates its 10th anniversary in Ghana by announcing plans for future investment and farmer support.
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.
Barry Callebaut posts annual growth despite market challenges
Barry Callebaut’s annual results have posted a 0.1% increase in sales revenue, to CHF 6.9 billion, and a net 31% rise in profits, to CHF 357.4 million, supported by growth in key global markets. Neill Barston reports
Business news, Cocoa & chocolate, New products, Sustainability