Agribusiness group Olam has reported a significant improvement in its second-half full-year results and says London listings for ingredients supplier subsidiary ofi is still planned.
ConfectioneryNews will be presenting a special live webinar on Tuesday 23 January 24 at 17:00Paris / 10:00AM Chicago to discuss the new requirements for market access for cocoa and chocolate suppliers into the European Union.
As part of Mars Inc.’s strategy to reduce greenhouse gas emissions, the confectionery major is optimising product recipes to include more environmentally friendly ingredients.
Mars Inc hopes to make a positive contribution to the livelihoods of smallholder cocoa farmers. The chocolate giant is trialling two new programmes that aim to address some of the structural issues that stand in the way of living incomes in cocoa. FoodNavigator...
Unilever said it is setting a new annual global sales target of €1bn ($1.18bn) from plant-based dairy and meat alternatives, within the next five to seven years.
Strategies for confectionery makers to absorb rocketing price rises
are essential as cocoa prices crash through the $3000 barrier, with
demand outstripping supplies and pulling the stocks-to-grindings
ratio to a 22-year low.
Barry Callebaut has acquired a 49 per cent stake in Biolands of
Tanzania, Africa's largest exporter of certified organic cocoa,
after purchasing 100 per cent of its top-end cocoa for the past
eight years.
While most consumers agree that ethically-sourced cocoa is no bad
thing, an ever increasing number of different schemes risks
muddying the issue and puzzling chocolate fans.
A panel of experts recommend that more countries be
recognised as fine or flavour cocoa producing countries in order to
provide new opportunities for trade.
A UK-based pressure group campaign against companies
that buy cocoa from the Ivory Coast has accused
the industry of funding conflict and civil unrest.
US based cocoa producer Cargill has developed a new method of
processing cocoa which allows for reduced fat content and greater
dispersibility in cocoa powder.
Chocolate giant Mars has filed a lawsuit against Natraceutical,
alleging that the Spanish company is infringing its patents on
polyphenol-rich cocoa extracts by selling CocoanOX extracts in the
United States.
Barry Callebaut has produced a new website entirely devoted to
promoting the nutritional benefits of cocoa in an effort to
counteract the increasingly unhealthy image of chocolate products
and their unpopularity in a health-conscious...
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.
Singapore-based cocoa bean supplier Olam has jointly acquired the
Cameroon cocoa processor Usicam with ADM, the world's largest cocoa
processor, giving both firms greater economy of scale in the
African market.
Cocoa prices have leapt in London, driven by fears that instability
in Ivory Coast, that produces some 40 per cent of global crops,
could impact supplies.
