Cocoa Markets and Shipping

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 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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calibar port

NIGERIA LAGOS PORT CONGESTION PUSHES EXPORTERS TO CALABAR

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 …

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ICCO – DIVERGING TRENDS BETWEEN CÔTE D’IVOIRE AND GHANA

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 …

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THE OUTLOOK FOR COCOA PRICING IN 2022

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 …

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WORLD COCOA BEAN STOCKS ROSE IN 2020/21 – ICCO REPORTS

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 …

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NORTH AMERICAN GRIND NUMBERS FALL SHORT OF EXPECTATIONS

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 …

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cocoa green plant

SUSTAINABILITY TO DRIVE COCOA TRENDS IN 2022

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 …

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