Chocolate

Slow Progress On Ivory Coast Cocoa Sustainability Sparks EU Concern, Sources Say

The European Union is concerned top cocoa grower Ivory Coast is struggling to implement a sustainability drive needed for its beans to meet new EU standard...

Ivory Coast Expects 20% Drop In Cocoa Production In 2023/24, Sources Say

Ivory Coast's cocoa production is expected to fall by as much as 20% in the upcoming 2023/24 season compared to recent years due to poor weather, putting f...

Nestlé To Acquire Stake In Premium Brazilian Chocolate Firm

Nestlé has announced it is to acquire a majority stake in Grupo CRM, a premium chocolate manufacturer in Brazil, following an agreement with Advent...

Barry Callebaut Announces CHF 500m Investment Plan

Swiss chocolate maker Barry Callebaut said it would spend CHF 500 million (€522.8 million) over the next two years as part of a new strategic investme...

Soil Moisture Helps Ivory Coast Cocoa Main Crop Despite Poor Rains

Rains were below average last week in most of Ivory Coast's main cocoa growing regions but soil moisture content was still high enough to help strengthen t...

Cross-Border Trade In Norway Amounts To NOK 4.5bn In First Half

Cross-border trade in Norway amounted to NOK 4.5 billion between January and June this year, with shoppers making around 2.3 million day trips, according t...

Chocolate Makers' Prospects Sour As Cocoa Prices Spike

Chocolate makers like Hershey and Mondelēz face tougher trading conditions over the next year as they attempt to pass on soaring cocoa costs to cash-strapp...

Ivory Coast Rain Strengthens Cocoa Crop, While Cold Raises Concern

Above-average rain last week in most of Ivory Coast's cocoa growing regions will boost the development of the upcoming main crop, while cool and cloudy wea...