cocoa
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
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
Mars forms partnership with Benson Hill Biosystems for cocoa productivity scheme
The Mars, Incorporated group is undertaking a joint venture project with crop improvement business Benson Hill Biosystems, aiming to enhance productivity and climate resilience of the cacao trees, that are essential for confectionery.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Supporting key cocoa growing nations remains of critical importance
During the past couple of years, there has been a notable trend for businesses across the confectionery sector becoming increasingly mindful of sustainability issues.
Mars Wrigley intensifies the battle for production sustainability
The announcement by Mars Wrigley Confectionery on its decision for a $1 billion package of support to assist African cocoa growing communities is a definite step in the right direction.
Olam remains optimistic despite drop in half-year profits
Global ingredients supplier Olam has reported profits of $251 million €217m) for the first half of 2018, down 13.6% year-on-year.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Italian confectionery market optimism despite economic challenges
Being home to some of the most renowned confectionery names in the industry has meant Italy has cherished its position among market leaders. Neill Barston reports on 2018’s progress.
Casa Luker joins Colombian government in cocoa production initiative
Colombian confectionery company Casa Luker has joined with the country’s government and National Cocoa Federation in pledging to produce deforestation-free and ‘peace-friendly’ cocoa by 2020.
Ingredients, Packaging, Processing, Regulatory, Sustainability
Mary Barnard relishes new role as Caobisco President
Becoming the first female president of Caobisco this month representing the European chocolate, biscuit and confectionery market is a task Mary Barnard (pictured right) is relishing. Neill Barston speaks exclusively to her regarding her main priorities
Business news, Ingredients, Processing, Regulatory, Sustainability
Mars calls for greater research on damaging cocoa crop diseases
Global confectionery group Mars, Incorporated has called for greater coordinated work on cocoa diseases, as it attends the International Congress of Plant Pathology (ICPP), Boston, America.
Business news, Ingredients, Processing, Regulatory, Sustainability
Ferrero places sweetest ad for sixty sensory judges
In a move that has been described as potentially the ultimate role for chocoholics, Ferrero is advertising in Italy for a total of 60 product taste testers.
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.
European Cocoa Association praises historic EU trade deal with Japan
The European Cocoa Association has welcomed an economic partnership agreement between the EU and Japan as offering a valuable mutual trade boost.
Business news, Ingredients, Processing, Regulatory, Sustainability