prices
Choco Tec draws the 2024 international event calendar to a close in style
Cologne’s much-anticipated Choco Tec event in Cologne came to a notable conclusion today, with warnings from major market players including Barry Callebaut and analyst group, Euromonitor, that cocoa prices were likely to remain comparatively high for some time.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Exclusive: Cocoa prices remain volatile following EUDR vote uncertainty
Cocoa markets have continued to react to uncertainty over EUDR legislation, with commodities prices on Futures trading platforms now commanding a three-month high, at around $8,500 a tonne, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Exclusive: Ivory Coast cocoa farmers remain concerned over comparatively low crop payments
The Ivory Coast has released the latest prices to be paid to cocoa farmers in the region that have prompted concerns from within the industry that has sparked concern from market observers that rates remain significantly below global and neighbouring country prices, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Processing, Regulatory
Ivory Coast and Ghana cocoa prices remain volatile after 15% Futures market price drop
Considerable market volatility has continued to impact key cocoa markets in Ghana and Ivory Coast, in the wake of a 15% drop in New York Futures prices from over $9,000 a tonne to $7,300 at the start of this week, reports Neill Barston.
Henley Bridge welcomes reduction in Madagascan vanilla prices
UK ingredients supplier Henley Bridge has welcomed key news that prices of Madagascan vanilla have seen notable reductions after a period of inflated rates that had caused concern within the wider market.
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