prices
Alex Assanvo urges World Cocoa Conference to reach for the moon
Alex Assanvo, of the Ivory Coast Ghana Cocoa Initiative urged assembled sector leaders at the World Cocoa Conference to ‘put our tools together’ to deliver on a long-held quest for a living income for farmers, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Ghana farmer video highlights plight of cocoa workers facing climate and financial challenges
An impactful new video produced by the recently-launched African Cocoa Marketplace (ACM) industry support services venture has revealed the plight of cocoa farmers in West Africa who are continuing to struggle in growing enough beans to earn a living amid major economic and climate-based challenges.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Consumers set to feel the price pain this Easter of steep rises in cocoa costs
The core Easter market is set to herald a major boost for confectionery brands large and small this month, but consumers are facing a notable rise in prices for many product ranges, according to analysts’ latest research, reports Neill Barston.
Business news, Cocoa & chocolate, New products, Processing, Sustainability
Looming major job cuts and supply chain uncertainty underline significant industry tests
The news within the past week that Barry Callebaut intends to cut up to 2,500 jobs from its global workforce is something that should not be considered lightly, and serves to underline just how challenging conditions in the market actually are right now.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
ICCO forecasts 11% cut in cocoa production, as Fairtrade urges action on farmer income
The International Cocoa Organisation (ICCO) has revealed its latest quarterly data, as it forecasts a near 11% decline in global production, as key West African nations are hit by poor weather and crop diseases impacting yields, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Sustainability
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
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
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
Cocoa prices continue to soar, as weather and crop deficits hit global industry
Cocoa prices have reportedly risen to their highest recorded level on the New York stock exchange since the 1970s, standing at $5,874 a tonne (£4,655), yesterday, causing notable industry concern, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Global cocoa prices remain ‘bullish’ according to latest ICCO figures
The International Cocoa Organisation, (ICCO), has released its latest figures revealing that stock market trading prices for the key agricultural commodity remain ‘bullish’, maintaining near record highs experienced in recent months, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory
Ghana’s government raises cocoa prices by 63%, supporting key agricultural communities
A breakthrough in cocoa farmer pay has been achieved in Ghana, as the government has raised state guaranteed prices by a total of 63% in an active bid to raise income standards and tackle crop smuggling to neighbouring countries, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
ICCO report reveals cocoa prices hit near seven-year high
Cocoa commodity prices have rallied to a seven-year high to around the $3,000 in New York and £2,300 in London, amid a global production shortfall, according to latest figures from the ICCO, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Ivory Coast and Ghana Cocoa Initiative moves to prevent low value crop sales to support farmers
A major move to support farmers in West Africa has been confirmed by the Ivory Coast and Ghana in deciding to no longer sell their cocoa at origin differentials below zero, from as much as 125 pounds below the ICE terminal market, writes Neill Barston.
Business news, Cocoa & chocolate, Packaging, Processing, Regulatory, Sustainability