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%…

COCOBOD opens Shea office as government plans to set up board by 2024

GHANA - The government cocoa regulatory agency, Ghana Cocoa Board (COCOBOD) has opened a Shea Unit Office in Tamale to serve as an operational secretariat to develop the industry through supply chain in the region. Meanwhile, the government is planning to set up a Shea Development Board by 2024 in a bid to transition the…

COCOBOD to pump US$600m into cocoa sector to revive the industry

GHANA - The Ghana Cocoa Board (COCOBOD) will invest US$600 million into the cocoa sector in a way to revive the industry in the country, GNA reports. Making the announcement, Mr Joseph Boahen Aidoo, the Chief Executive of COCOBOD said the board had almost finished negotiations to secure the credit facility from the African Development…

COCOBOD to introduce organic fertilizer on cocoa farms

GHANA - The Ghana Cocoa Board (COCOBOD) has unveiled plans to introduce use of organic fertilizer on cocoa farms in another strategy to increase yields and cocoa production in the country. The fertilizers will help in enriching the soil as opposed to use of chemicals and weedicides that has affected the soil fertility and yields…