After a topsy-turvy week, world cocoa prices recovered on Tuesday after registering losses of more than 20% the prior week, but the market is still struggling with a lull in trading.
Major cocoa supplier ofi (olam food ingredients), has claimed recent developments in data and technology are behind its progress towards creating a more sustainable supply chain.
Cocoa grinding in Germany remained positive in the first quarter of 2024, the Association of the German Confectionery Industry (BDSI) reported, but the rest of Europe remains sluggish.
Barry Callebaut, the world’s largest chocolate supplier, has launched the Future Farming Initiative (FFI) to build a high-tech and sustainable cocoa farming business under the leadership of Steven Retzlaff.