Cocoa futures in London and New York rose to fresh record highs on trading platform ICE on Monday this week as increasing concern about supply shortages in Cote d’Ivoire and Ghana, the world's top two producers, left buyers scrambling for beans from other countries and regions.
Arch disruptor brand Tony’s Chocolonely is appealing an injunction against Mondelēz International after the Dutch brand launched four temporary wrappers in Germany, mimicking the design of well-known chocolate bars from Ferrero, Mars, Milka, and Nestlé.
The biennial Cocoa Association of Asia (CAA) International Cocoa Conference is set to return to Singapore on 12 to 13 September 2024, bringing together more than 600 senior business leaders, key stakeholders, decision-makers, and thought leaders from the global cocoa and chocolate industry.
Procurement came under the spotlight at Chocoa’s recent Amsterdam Sustainable Cocoa Conference when it convened a panel of specialists to discuss why the practice is not just about buying beans - transactions should go a lot deeper in the value chain and with new EU legislation looming, sustainability and traceability is becoming more and more the core business of procurement, delegates were informed.
It was billed in the World Cocoa Foundation agenda as a ‘Fireside Chat.’ Still, the conversation was anything but cozy as the 2024 Partnership Meeting welcomed back Yves Brahima Koné, Cote d’Ivoire’s Coffee & Cocoa Council director general, and Joseph Boahen Aidoo, CEO of the Ghana Cocoa Board, to discuss, among other topics, cocoa production, climate change, farmer income, and the European Union Deforestation Regulation (EUDR).