Ghana is considering an expansion of their global cocoa operations through a partnership with Dubai, in which a cocoa trading platform would be established, allowing Ghana to extend their cocoa offering to both Western and Arab markets. Ghana’s current cocoa products are not certified by the US Food and Drugs Authority (FDA). This means that […]
GHANA EYES PRESENCE IN DUBAI WITH COCOA TRADING PLATFORM Read More »
The European Commission released its proposal for a corporate sustainability due-diligence Directive, on 23 February 2022. The EC’s proposal details plans for holding businesses accountable, for environmental harm and human rights abuse throughout their entire supply chain. It puts forward that any cocoa or chocolate company, regardless of size, must comply with the due diligence
CHOCOLATE COMPANIES COALITION WELCOMES EU LEGISLATION Read More »
The latest Cocoa statistics released by the International Cocoa Organisation predict that the global supply of Cocoa will drop by 5%. The ICCO have just released their 2021/22 Cocoa figures forecast, alongside revised estimates for world production, grinding and stock of Cocoa beans for 2020/21. Compared to the previous season, we expect a 5% dip
ICCO PREDICTS DROP IN COCOA SUPPLIES Read More »
Cocoa exporters are increasingly moving their beans through Nigeria’s Calabar port, as prolonged congestion at the Lagos seaports continues. The port, in the east of the country, is normally associated with ferrying passengers short distances by boat to nearby areas, including neighbouring Cameroon. The Vanguard Maritime Report has recently observed that the passengers on some
NIGERIA LAGOS PORT CONGESTION PUSHES EXPORTERS TO CALABAR Read More »
The International Cocoa Organisation (ICCO) has reported opposing cocoa production trends from West African producing countries. Côte d’Ivoire, the world’s leading cocoa exporters, are slightly up with 1.340 million tonnes, as of January 30th 2022, compared with the 1.320 million tonnes produced in the same period of 2020/21, representing a 1.5% increase. Meanwhile, Ghana has
ICCO – DIVERGING TRENDS BETWEEN CÔTE D’IVOIRE AND GHANA Read More »
Several forces are trying to move cocoa prices in different directions at the start of 2022. The largest producer Côte d’Ivoire saw a drop in production with an expected 1.55 million tonnes compared with 1.75 million tonnes the previous year for the October to March main harvest. Ghana’s results were much worse than expected, with
THE OUTLOOK FOR COCOA PRICING IN 2022 Read More »
The International Cocoa Organisation Expert Working Group on Stocks (EWGS) conducted their annual meeting to review global cocoa bean stocks on 27th January 2022. The ICCO conducts a survey each year on cocoa bean stocks held in warehouses and an assessment of global cocoa bean stock levels. The meetings, which began in 2000, aim to
WORLD COCOA BEAN STOCKS ROSE IN 2020/21 – ICCO REPORTS Read More »
NCA data released their quarterly grinding report last week, showing that North American cocoa grindings bucked the upward trend seen in Europe and Asia, by falling 1.2% from the same period of 2021 to 116,613 tonnes. There appears to be some confusion over whether the numbers are an accurate representation of the market since
NORTH AMERICAN GRIND NUMBERS FALL SHORT OF EXPECTATIONS Read More »
The Cocoa Association of Asia released their quarterly report on grind numbers for Q4 of 2021, showing a strong end to the year, and reinforcing the message that Asia is an increasingly important market for Cocoa. The quarter ended up 6.33% over the same quarter in 2020, and the final grind numbers were 5.63% higher
CAA RELEASES STRONG Q4 2021 GRINDING NUMBERS Read More »
Olam Food Ingredients’ (OFI) Global Head of Corporate Responsibility and Sustainability, Christopher Stewart, believes sustainability will be the primary driver of Cocoa trends in 2022. OFI is a large global supplier of Cocoa and other food ingredients such as coffee, nuts and spices. In an article for ConfectionaryNews, Stewart explained he is confident that “the
SUSTAINABILITY TO DRIVE COCOA TRENDS IN 2022 Read More »
With Christmas just gone and Valentine’s Day and Easter approaching, demand for chocolate is high. Despite the ongoing global struggle with the Omicron variant of coronavirus, consumer demand for chocolate remains strong. According to research by the IRI, retail chocolate sales rose in excess of 5% a quarter among Americans in particular. Meanwhile, the largest
ANALYST PREDICTS RISE IN CHOCOLATE SALES AND COCOA PRICES Read More »
The Deputy Director of Public Affairs for Ghana’s Cocoa Board, COCOBOD, has announced that striking cocoa carriers will begin their return to work this week, following a nationwide strike which began on Wednesday 5th January 2022. The cocoa carriers strike arose from demands to increase the loading fee to GH¢1 (less than $US0.20), with workers
