Cocoa Markets and Shipping

Malaysian Cocoa Board Mcb

MALAYSIA IMPORTS 250,000 TONNES COCOA TO MEET DOMESTIC DEMAND

Malaysia’s cocoa production is insufficient to fulfil domestic demand, so the country imports the commodity. The Malaysian Cocoa Board is encouraging smallholders to plant cocoa alongside other crops to increase their income. Malaysia’s cocoa production of 100,000 tonnes per year is not enough to meet the cocoa industry’s demand of 350,000 tonnes per year. The …

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Cocoa Cote D'Ivoire

CÔTE D’IVOIRE ELIMINATES NEGATIVE PREMIUMS ON LATEST CONTRACT

Côte d’Ivoire’s regulator sold 25,000 tonnes of cocoa contracts at a non-negative premium to Cargill last week, industry sources said. Both Côte d’Ivoire and Ghana have traditionally charged country premiums, but after the introduction of the Living Income Differential to alleviate farmer poverty, buyers were unwilling to pay the original premium, and instead applied a …

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Cocoa Pod

NIGERIA’S ENTHUSIASM TO OUTPERFORM GHANA AND IVORY COAST COCOA PRODUCTION

Since the beginning of 2022, one of the major announcements that dominated news within the cocoa chocolate sector was Nigeria’s announcement to revive its cocoa sector with the ambition to overtake Ghana and Ivory Coast to become the global leader in cocoa production by 2027 and I considered whether this was political rhetoric. However, to not …

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Bali Chocolate Drugs

INDONESIAN MAN ARRESTED FOR MARIJUANA CHOCOLATE

A tip-off has led police in Bali to uncover the country’s first known chocolate marijuana smuggling operation. Ricard Fajariadi works as a security guard during the day but at night ran a secret operation to smuggle marijuana around the country, using chocolate as the delivery medium.  Fajariadi was arrested on 5th August by police in …

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Shipping

CARGILL WANTS SHIPPING INDUSTRY TO RETHINK CARBON INTENSITY RULES

It’s fair to say that Cargill is responsible for a lot of cargo shipping. So, when looking at their Scope 3 emissions, a natural target are the container ships that use the cheapest fuel, known as alternatively, ‘bunker diesel’, or ‘Marine Fuel’, it is cheap for a reason. The sulphur content is about 500 times …

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Cacao Seller

NIGERIA WANTS PRODUCTION OF 500K TONNES BY 2024. IS THAT REALISTIC?

The Nigerian Government stated last week that it was committed to increasing Nigeria’s cocoa production to 500,000 tonnes by 2024. The country, which is the fourth largest cocoa producer in the world, is expected to have a slight drop in production this year to around 270 -280,000 tonnes. Meeting the goal a mere two years …

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Cocoa Beans

COCOBOD LOBBIES AFRICAN COUNTRIES TO JOIN FORCES

The Ghana Cocoa Board’s (COCOBOD) Chief Executive, Joseph Boahen Aidoo, is encouraging fellow Cocoa-producing countries in Africa to join the Ghana – Cote d’Ivoire Cocoa Initiative.  The initiative is based in Ghana, and it was established as part of a collaborative effort between Ghana and Cote d’Ivoire aimed at improving Cocoa farmers’ livelihoods. According to …

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Caa Logistics Webinar

CAA LOGISTICS WEBINAR – LIVE STREAM AND TRANSCRIPTION

  [00:00:13.100] – Shirley Choo Ok. So again, very good afternoon to our participants. Just 1 second. Very good afternoon to our participants. I’m Shirley Choo from the Focal Association of Asia. Again, thank you for joining today’s webinar titled Logistics Finding a Way Out. So this webinar is organised by the Cocoa Association of Asia, …

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Caa Webinar

LOGISTICS WEBINAR – FINDING A WAY OUT!

I’m excited to be moderating an upcoming live stream webinar hosted by CAA, with experts in shipping and logistics to talk about the real shipping challenges faced by the industry. If Covid wasn’t difficult enough, the war in Ukraine is adding headwinds and creating uncertainty. Fortunately, we have some expert panelists from the industry who …

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Cocoa Farmer Beans

GHANA EYES PRESENCE IN DUBAI WITH COCOA TRADING PLATFORM

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 …

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Cacao Plant

CHOCOLATE COMPANIES COALITION WELCOMES EU LEGISLATION

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 …

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Icco Logo

ICCO PREDICTS DROP IN COCOA SUPPLIES

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 …

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cocoa vector

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