cocoa
Barry Callebaut prepares to cut up to 2,500 jobs over 18 months
Barry Callebaut has revealed plans to shed around 2,500 jobs from its global workforce over the next 18 months, as it undergoes a period of major structural re-organisation, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
BDSI raises fears over rapid cocoa price rises impacting confectionery markets
The German confectionery trade body, BDSI, has expressed fears over the rapidly accelerating price of cocoa, which is impacting on stock availability for chocolate manufacturers in the country and across Europe, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Luker Chocolate set to unveil protein and organic ranges at Expo West
Colombian premium brand Luker Chocolate has unveiled several key new capabilities that will debut at Expo West 2024 next month, including protein-enhanced confectionery options, writes Neill Barston.
Business news, Cocoa & chocolate, New products, Regulatory, Sustainability
Exclusive: Cocoa prices hit fresh stock exchange highs, as pressure on global markets continues
Cocoa prices on the New York and London stock exchanges have continued to surge on the advanced purchasing futures markets, rising to over $6,400 a tonne this week, amid reports of hedge fund betting fuelling rates further, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Cocoa Association of Asia confirms latest sector event
The Cocoa Association of Asia (CAA) International Cocoa Conference has been confirmed once again to be taking place in Singapore this autumn, gathering hundreds industry leaders across the cocoa and chocolate sector.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Ghana’s Cocobod organisation reports doubling of national cocoa consumption
The rate of cocoa consumption in Ghana has reportedly more than doubled in the country, from 0.45kg to 1kg due to regional industry interventions, according to the Ghana Cocoa Board.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Premiumisation of chocolate market set to drive $45 billion growth by 2027
A continued trend for premiumisation in chocolate markets is set to fuel its continued growth by a further $45.78 billion by 2027, according to a new industry study, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Regulatory, Sustainability
Tony’s Chocolonely faces legal action from Mondelēz over ad campaign
Tony’s Chocolonely is facing a reported legal challenge in Germany from major confectionery group Mondelēz International in a case surrounding the use of purple wrapping for its latest campaign, writes Neill Barston.
Nestlé sales impacted by weaker consumer demand, yet KitKat performance continues growth
Nestlé has reported its latest annual results, which revealed a dip in sales to CHF92.9 billion for 2023, from CHF94.4billion the previous year, as it acknowledged weaker demand from consumers, with an ongoing cost of living crisis having an impact, writes Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Exclusive: World Cocoa Conference places core focus on improving farmer income
A major focus on delivering a living income for farmers will form the central theme for this year’s World Cocoa Conference, which is set to take place in Brussels, returning after a pandemic-impacted six year break, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Fairtrade International marks World Day of Social Justice
Fairtrade International is marking World Day of Social Justice today, through partnering with the an International Labour Organisation initiative, the Global Coalition for Social Justice, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Chocolate prices anticipated to remain high for the remainder of 2024, says key ingredient supplier
A new study from Henley Bridge ingredients has forecast that chocolate prices appear set to remain at a concerning peak for the whole of 2024, as stock market prices continued to rise beyond £5,000 a tonne, placing significant pressure on the global market, writes Neill Barston.
World Cocoa Foundation meeting strikes positive note amid major industry challenges
“The result that really matters – a thriving and equitable cocoa sector,” said World Cocoa Foundation president Chris Vincent in his closing remarks concluding its latest annual partnership meeting held in Amsterdam last week, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Retailers remain hopeful of global Valentine’s confectionery boost
A sense of optimism remains high among retailers for key Valentine’s Day 2024 sales of confectionery, despite a major upturn in core ingredient prices putting pressure on markets, according to analysis from the Euromonitor International, writes Neill Barston.
Business news, Cocoa & chocolate, Packaging, Regulatory, Sustainability