Living Income Differential
Focus: Cargill drives momentum with ongoing cocoa sustainability schemes
Ethical sourcing of cocoa remains a core issue for the sector, with manufacturers including Cargill, a sponsor of this year’s World Confectionery Conference, revealing its ongoing initiatives. Editor Neill Barston speaks to Kate Clancy, company sustainability manager, on tackling child labour, and supporting key producing communities
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Hershey’s West African sustainability programme reinstated after being banned marks a key milestone
With sustainability being firmly at the core of many companies’ agendas within the confectionery sector, the breaking news that Hershey had been banned from carrying out its activities supporting cocoa farmers in West Africa was hugely significant.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Ban on Hershey operating its sustainability programmes lifted in Ivory Coast
The ban on Hershey’s sustainability activities in Ivory Coast has been lifted, as the business reaffirms its commitment to the country’s Living Income Differential (LID) for enhanced payment of farmers, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Hershey buys futures market cocoa amid concerns over West African support scheme
US confectionery company Hershey has reportedly moved to buy up to 30,000 tonnes of cocoa on the New York Futures trading market, which is not subject to the new Living Income Differential (LID) scheme designed to financially boost farmers’ wages in Ghana and Ivory Coast, writes Neill Barston
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Major $10 billion income gap for Ghana and Ivory Coast farmers remains a critical sector goal
Delivering on cocoa supply chain sustainability remains the most single pressing task for major players within the confectionery industry, with an especially notable milestone having just been put down.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
The BDSI highlights decline in German cocoa grinding, amid wider market falls
The BDSI German trade association for the confectionery sector has raised ongoing concerns about a decline in cocoa grindings for the third quarter, which it reveals is having an ongoing impact on the sector.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
European Cocoa Association shows regional cocoa grindings fall amid challenging market
The latest quarterly figures have been released by the European Cocoa Association, which showed that cocoa grindings are down by 4.7% amid challenging conditions.
Business news, Cocoa & chocolate, Processing, Sustainability
Dawn of the Living Income Differential’s potential major impact on West African cocoa farming
This past week has seen the key start of the latest cocoa season within West Africa, which sees the introduction of the Living Income Differential put forward by the governments of the Ivory Coast and Ghana to support farmers wages. In a guest blog, Kojo Hayford, managing editor of Ghana’s Cocoa Post, reflects on its potential impact
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Ghana and Ivory Coast governments join forces with new body for the cocoa sector
The governments of the Ivory Coast and Ghana have reportedly joined forces to create a new body designed to set market prices, combat child labour and enhance research between the two West African nations.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Ghana’s Cocobod pledges renewed action on alleged cocoa weight tampering
The Ghana Cocoa Board (Cocobod) has pledged action in the wake of a TV documentary focusing on alleged tampering of weighing scales by Licenced Buying Companies (LBCs) operating within the cocoa sector, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Processing, Regulatory, Sustainability