Not exact matches
Yet industry sources say illegal
cocoa in protected forests is the main reason
for the
supply glut and, as a result, halting productivity efforts will fail to make a significant dent in
supply - while giving rise to quality issues and disease.
Mr Ward, dubbed «Chocfinger» due to his influence over the
cocoa price, blamed the rising power of algorithmic and systems - based trading
for making position - taking based on «fundamental»
supply and demand factors more difficult.
A consecutive deficit in 2012/13 is set to move
cocoa prices higher as
supply struggles to meet rising demand
for chocolate products in Asia, according to financial services group Rabobank.
«As a company, we are committed to contributing to a sustainable
cocoa industry and a sustainable
cocoa supply chain,» Gaby Tschofen vice-president
for corporate communications at Barry Callebaut recently told ConfectioneryNews.com.
AVAILABLE ON DEMAND As demand
for chocolate grows in developing markets, can the existing
cocoa - growing regions meet the
supply - side challenge?
Cocoa bean producer Pan Sino International has announced plans to build Singapore's largest
cocoa processing plant, increasing
cocoa bean
supply for manufacturers.
«All present agreed that ending deforestation in the
supply chain was an urgent imperative,» said Rainforest Alliance Senior Manager Christian Mensah, «especially since
cocoa is a major commodity
for Ghana — it accounts
for approximately USD 2 billion in annual investment there.»
This indicates that enough certified
cocoa was sourced
for the product using the label, but the certified
cocoa was mixed along the
supply chain with non-certified
cocoa before the final product was made.
Under this new
cocoa sourcing program, a company can claim on product packaging that Rainforest Alliance Certified
cocoa is sourced
for a particular brand if the volume of
cocoa purchased by their
supply chain from certified farms matches the volume of
cocoa used in the manufacturing of that specific brand.
In addition to our involvement with SEDEX (
Supplier Ethical Database Exchange) and ETI (Ethical Trading Initiative), some of our
cocoa supplies as certified by UTZ, which supports programmes
for fair labour, and we expect the proportion to grow.
Under
Cocoa For Good, we continue to work toward a future where there's a long - term, sustainable cocoa supply, the natural environment is protected, and we are creating better lives for everyo
For Good, we continue to work toward a future where there's a long - term, sustainable
cocoa supply, the natural environment is protected, and we are creating better lives
for everyo
for everyone.
Kerry knows
cocoa, and that's because we extract our own using farming partners that have been
supplying us
for generations.
The company is the organiser of Chocoa Amsterdam, the annual meeting place
for cocoa producers and other stakeholders in the
cocoa supply chain.
Season Three of the CRPC is made possible with the support of more than 10 sponsors including: Nielsen - Massey Vanillas, a manufacturer of the finest vanilla products and flavor extracts; Waring Commercial, a manufacturer of professional - quality appliances
for the home, foodservice and laboratory industries; Steelite International, a manufacturer and
supplier of tabletop ranges
for the international hospitality industry; Wholesome Sweeteners, a leading provider of sustainable, environmentally and ethically responsible, great tasting sweeteners; PreGel America, a specialty dessert ingredients company; Midwest Foods, a specialty produce food distribution company; Will Powder, a producer of technical food ingredients; Frigomat, a company that manufactures ice cream machines; deZaan Gourmet, a producer of premium chocolate,
cocoa powders,
cocoa butter, chocolate batons, pralines; and Clifton Larsen Allen, a professional services and accountancy firm; and many more.
Information
for the submission was drawn from Baby Milk Action (marketing of breastmilk substitutes, water pumping in São Lourenço, Brazil), International Labor Rights Forum (child slavery and labour in the
cocoa supply chain, Labour rights abuses in Colombia), Union of Filipro Employees (Labour rights abuses in the Philippines), Corporate Accountability International (Conflicts with communities over water resources), Attac Switzerland (Spying on campaign organisations), with additional information drawn from Food Inc. published by the UK Food Group (reference in the submission, treatment of dairy and coffee farmers).
When the 4 - finger KitKat received the Fairtrade mark, it was announced that 6,000 farmers would benefit from
supplying cocoa for it, gaining about an extra # 400,000 per year from the Fairtrade premium.
Only 2.6 % of Nestlé's
cocoa purchase is involved in KitKat and it is criticised
for failing to act on a 2001 undertaking to end child slavery in the
supply chain of the rest by 2006.
While Fairtrade KitKat benefits the producers of the less than 3 % of
cocoa sourced by Nestlé
for this product (2.6 %), Nestlé has failed to deliver on its promise to end child slavery in its
cocoa supply chain by 2006.
It's the company that makes much of sourcing less than 3 % of its
cocoa through Fairtrade - certified
suppliers, while fighting a legal battle against former child slaves who hold it responsible
for their treatment on
cocoa plantations in Sierra Leone.
Lieutard paid glowing tribute to the Ghanaian government and Ghana
Cocoa Board
for their support and consistent
supply of
cocoa beans, which has helped Touton maintain operations at optimum capacity since the facility was established.
In March 2017, the government cancelled a contract worth GH cents 255 million awarded by the John Mahama administration
for the
supply of farm inputs to
cocoa farmers upon the advice of the newly inaugurated Board of Ghana
Cocoa Board chaired by Hackman Owusu Agyemang.
The contract was
for the
supply of pesticides, weedicides, fungicides, insecticides and fertilizers to COCOBOD
for onward distribution to
cocoa farmers throughout the country.
He said the government was
supplying cocoa farmers with new seedlings
for them to replace old
cocoa trees as well as agro-chemical and fertilizers to increase the yield of the farmers.
Meanwhile the world clamors
for more
cocoa: manufacturers reckon the industry now produces around 4.4 million metric tons of
cocoa; by 2020 they expect that demand will outstrip
supply by one million metric tons.
An alternative and highly reliable camu camu powder,
for Terrasoul Superfoods is a trusted
supplier of
cocoa powder, gelatin and turmeric.
However,
cocoa has to be consumed WITH MODERATION because of its quite important energy
supply and exciting properties due to its caffeine content (though less
for cocoa beans (Theobroma cacao), 0.1 to 0.4 % than
for Arabica coffee beans (Coffea arabica), 1.1 %, or Robusta coffee beans (Coffea canephora), 2.2 %, or tea leaves (Camellia sinensis) 2.5 to 5 %).
While there were the common themes that you would expect to find at a gathering of this sort —
supplier survey fatigue, how to satisfy campaigning NGOs — a theme emerged on the challenge of engaging smallholders within the
supply chain on sustainability and land management, particularly
for palm oil, but also
cocoa, coffee and timber.
Every year the WCFPM brings together a diverse group of actors in the
cocoa industry, including representatives from companies along the
cocoa supply chain, members of governments of
cocoa producing countries, and relevant NGO actors to discuss challenges and solutions
for improving the sustainability of the
cocoa sector.
The deal, which is set
for regulatory approval and clearances, will make Olam one of the largest
suppliers of sustainable
cocoa, and the third largest
cocoa processer.