Barry Callebaut and Garudafood extends supply partnership in Indonesia

INDONESIA - Barry Callebaut, one of the world’s largest cocoa producer has signed a long-term agreement with food and beverage company, Garudafood, extending their supply partnership in Indonesia. As part of the agreement, Barry Callebaut will supply another 7,000 tonnes of compound chocolate per year to Garudafood’s biscuit factory in Rancaekek, Bandung, with the deliveries…

Ghana’s COCOBOD expects cocoa production to reach 1.5MMT in 5 years

GHANA - Ghana Cocoa Board (COCOBOD) has said that it expects cocoa production to increase to 1.3 – 1.5 million metric tons within the next three-to-five years as a result of several investments made in the sector, reports GNA. According to Mr Joseph Boahen Aidoo, CEO of Ghana Cocoa Board, this will help boost export…

Ghana launches commodity exchange for agricultural products

GHANA (Reuters)- Ghana launched a commodity exchange for agricultural products, the first in West Africa, on Tuesday in efforts to guarantee market access for farmers and boost their income, President Nana Akufo Addo said.  He said the exchange would benefit around 1 million Ghanaian farmers by securing storage for their harvest over the next 18…

Solidaridad implements initiative to boost cocoa and palm oil production

SIERRA LEONE - The social and ecological development network Solidaridad is working on two projects with an aim of improving cocoa and palm oil production in Sierra Leone. According to the Concord, the successful implementation of phase two of the Sustainable West African Palm Oil Programme (SWAPP) and the Cocoa Rehabilitation and Intensification Programme (CORIP)…

Ghana shippers slash cocoa freight charges to Europe by 9.4% for 2018/19

GHANA - Ghana Shippers Authority (GSA) and shippers have said that freight charges for exporting Ghana’s cocoa to Europe have been slashed by 9.4% for the 2018/19 season. According to Reuters report, the reduction was made following the about 40% decline in cocoa prices on the world market in the 2017/18 season. “The reduction in…

Brenntag partners with Cargill for exclusive cocoa and chocolate distribution in Central Eastern Europe

EUROPE – Brenntag, a German chemical distribution company and Cargill have reached an agreement, making Brenntag the exclusive distribution partner for Cargill’s industrial cocoa and chocolate in the Central Eastern European (CEE) region. According to the company, the distribution agreement includes Cargill’s leading Gerkens® cocoa powder brand, as well as its broad chocolate range, which…

Kraft Heinz completes acquisition of Ethical Bean Coffee assets

CANADA - Kraft Heinz, an American food company, has announced that it has completed the acquisition of the assets of Ethical Bean Coffee, a Canadian Cafe & coffee roaster. Founded in 2003, Ethical Bean Coffee is a leading roaster of 100% Fairtrade, certified organic coffee. Based in Vancouver, British Columbia, Ethical Bean is committed to…

COCOBOD and Solidaridad West Africa signs MoU to boost cocoa industry

GHANA - The Ghana Cocoa Board (COCOBOD) has signed a Memorandum of Understanding with the not-for-profit organization, Solidaridad West Africa to implement initiatives geared at boosting the cocoa industry. According to GNA, the two will offer technical support for the sector to enhance diversification, alongside cocoa intensification towards boosting the incomes of producers. A statement…

Cargill doubles volume of sustainable sourced cocoa to benefit farmers in Ghana

GHANA- The food, agriculture and industrial products company Cargill has doubled the volume of sustainable cocoa sourced with an estimated 13,000 cocoa farmers who benefit from its own licensed buying company (LBC) initiative. Cargill has initiated direct sourcing of the commodity, and this is a 30% increase from the 10,000 farmers from last year. The…

Cadbury Nigeria records losses on rising costs despite 8% rise in revenue

NIGERIA - Cadbury Nigeria Plc, one of the largest confectionery and food drinks manufacturer has reached US$1.16mn in losses in the first half of this year amid rising costs despite high revenue which rose 8% to US$48.51mn from US$44.92mn in the comparable period of 2017, Business Post has reported. The finance income appreciated by 10.7%…