The International Cocoa Organization (ICCO) has slightly reduced its cocoa deficit forecast for the current crop year and says there are ample stocks for chocolate manufacturers, but a deficit next year could raise prices.
Barry Callebaut has successfully closed its acquisition of a 60 per
cent stake in Malaysia's KLK Cocoa - a strategic move expected to
give the Swiss firm leverage to expand in the high-potential
PureCircle has secured an extension to its agreement with Cargill
to supply its stevia-derived Reb-A until mid-2010, helping to
ensure availability for what is tipped to be the next big thing in
PureCircle has forged an exclusive supply agreement with an
undisclosed Korean company to supply its commodity Sweta sweetener
on an exclusive basis - a deal it expects to deliver good growth
prospects for its stevia-based portfolio.
Wheat, corn and soybean prices will remain high for much of 2004,
warns the US agency Fitch Ratings, with the industry likely to see
a continual shifting of higher ingredients costs onto the food
manufacturer. But tough negotiations...
German sugar giant Suedzucker willl break ground on a new plant to
produce bioethanol fuel from wheat at Zeitz in East Germany.
Earmarked for completion by 2005, the plant will operate in
conjunction with the local sugar factory.