While there is no indication the world is not about to run out of chocolate any day soon, there are concerns from manufacturers and suppliers that the current high prices and shortage of cocoa beans will push up costs further and, in some cases, restrict...
Love may be in the air this Valentine's Day – but so is the eye-watering price of cocoa on the market, making the cost of the key ingredient in chocolate more expensive than ever, according to analysts.
Recent bad weather in West Africa has threatened cocoa production resulting in record-high prices for the commodity on the Intercontinental Exchange in London.
Ghanaian cocoa processing company Niche Cocoa has announced a major investment in the US with the opening of a manufacturing facility in Franklin, Wisconsin.
Chocolate makers must pay double the market price for cocoa farmers to receive a living income, says the CEO of Fairtrade as the organization gears up to review pricing.
Brooklyn start-up Raaka is carving out space in the crowded chocolate category by skipping the traditional step of roasting the cocoa bean to create “virgin chocolate” that highlights the “true flavors” of the beans, according to a company representative.
Hershey has partnered with its supplier Cargill to bring its cocoa sustainability program to the Côte d’Ivoire, helping farmers achieve UTZ certification.
The chocolate and cocoa industry has pledged $3m in new funds to global cocoa sustainability as major firms including Mondelez, Hershey and Cargill talk about their new initiatives.
Cocoa processing is increasingly moving to origin countries, particularly those in regions where chocolate consumption is rising such as Brazil and Indonesia, according to ADM Cocoa’s head of innovation.
A consecutive deficit in 2012/13 is set to move cocoa prices higher as supply struggles to meet rising demand for chocolate products in Asia, according to financial services group Rabobank.
Confectionery giant Mars predicts a major cocoa shortage by 2020 and reveals harmonization of global cocoa certification programmes to ensure meaningful income hikes for farmers is one of its sustainable cocoa project goals.
Participation in ADM’s cocoa growing certification programme - Serap - has tripled since its implementation and it has provided almost 49,000 metric tonnes of sustainable cocoa in the period, said the cocoa processor as it conducts a review of the programme...
Opting for fair trade cocoa could be one way for food firms to protect themselves against price volatility for the commodity, according to an industry analyst.
Cocoa fell to a three month low in London on signs that supplies in the world’s biggest producer countries would be boosted by the better crop husbandry initiated over the past three years.
Cocoa futures in New York hit their lowest price since September yesterday on signs of increased production in Ivory Coast, which is the leading global supplier.
Agricultural firm Cargill has started construction of a new cocoa
processing facility in Ghana, in an expansion move designed to meet
increasing global demand for cocoa products.
The International Cocoa Organisation (ICCO) has revised its gloomy
cocoa estimate of a 5,000 tonne deficit to predict a global surplus
of 80,000 tonnes of cocoa in the coming year, assuring
manufacturers of a steady supply.
Cocoa bean producer Pan Sino International has announced plans to
build Singapore's largest cocoa processing plant, increasing cocoa
bean supply for manufacturers.
Democrats Tom Harkin and Eliot L. Engel wrote a hard-hitting piece
in the LA Times on Monday about the human cost of the chocolate
trade, but the cocoa industry has hit back by reaffirming its
commitment to responsible farming.
Prices remain steady for cocoa, despite news that the start of the
new cocoa harvesting season from the world's biggest producer,
Ivory Coast, has been delayed due to a dispute.
Hanging as a persistent threat to the chocolate industry witches'
broom disease is capable of wiping out entire cacao crops and
sending the price of chocolate rocketing. Despite ongoing research
into the threat confirmed by the...
