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mondelez and olam cocoa sustainability

MONDELEZ AND OLAM. EVALUATING THEIR COCOA SUSTAINABILTY CLAIMS

Did They Over-Deliver? Paraphrasing a section of the abstract from Dr Michael Odije’s research paper titled “Sustainability winners and losers in business-biased cocoa sustainability programmes in West Africa” to set the tone of this article. In 2014, ten of the world’s largest chocolate multinationals combined, with more than $500 million in funding, to introduce a […]

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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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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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WEST AFRICA’S MID-CROP UNDER THREAT FROM UNFORGIVING HARMATTAN

Côte d’Ivoire went into the dry season full of optimism as the rains had been generous to them. But like the earth supporting the cocoa plants, the good feelings have all but dried up. Climate42 offers a useful sentiment meter that indicates how much positivity there is around West African Cocoa production, and currently, the

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Climate42 News

Climate42 provides a new chart each week with light commentary. These charts are a snapshot in time of a specific cocoa producing region. For more regular analysis and commentary, find out more about the Cherelle Reports.

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UNEXPECTED RAIN WELCOME BOOST TO HARVEST IN CÔTE D’IVOIRE

A good start to the April to September harvest is expected in most of Côte d’Ivoire’s cocoa producing regions, after increased precipitation, in contrast to the situation in Nigeria, which was impacted by the Harmattan. The rains are welcome, as this is considered the dry season in the country, and the additional moisture bodes well

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TRUCKING IN COCOA. THE CRITICAL SUPPLY LINK NOBODY CARES ABOUT.

The Cocoa industry runs on trucks. Without trucks and the critical logistics they provide, there is no cocoa that makes it to the port. No chocolate, and no Christmas. But nobody ever talks about the trucks, or the drivers that navigate the sometimes treacherous conditions to get our chocolate into the shops. Let me share

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ICCO MARKET REPORT SHOWS DIFFERENTIALS CONTINUE TO BE SUBDUED

The ICCO released their October market report, which is aimed at informing traders and participants in the financial markets, challenges us with such terms such as “backwardation.” The organisation summarised the key takeaways as: Prices of the nearby contract tumbled by 9% and 6% in London and New York respectively in October.  Compared to their

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CARGILL ADDS GRINDING CAPACITY IN CÔTE D’IVOIRE IN CHALLENGE TO NETHERLANDS

Reuters reported that Cargill is developing its plant in Abidjan, the capital of Côte d’Ivoire to increase capacity to 50,000 tonnes, following tax incentives offered by the Ivorian government, which is trying to woo chocolate companies into processing locally instead of exporting raw cocoa. The grinding plant required a $100 million investment to increase our

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