Cocoa

ICCO Sees Rising Global Cocoa Deficit In 2023/24 Season

The International Cocoa Organisation (ICCO) has forecast an increased global cocoa deficit in the current 2023/24 season as aged trees and disease contribu...

Ghana's 2023/24 Cocoa Output Seen Almost 40% Below Target, Sources Say

Ghana's cocoa output for the 2023/24 season is expected to be almost 40% below a target of 820,000 metric tonnes, two sources from the country's...

Ivory Coast Cocoa Council Says It Will Not Default On Contracts Despite Bean Shortage

Ivory Coast's Cocoa and Coffee Council will not default on its export contracts despite a drop in cocoa production since the start of the October-to-March...

Hershey And Cadbury Chocolate Makers Eye Price Hikes To Cover Cocoa Crunch

The makers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices, even as inflation-hit con...

Hershey Forecasts 2024 Sales And Profit Below Estimates, Announces Job Cuts

Hershey has forecast full-year sales and profit below estimates and said it would cut jobs that will impact less than 5% of its workforce.

Cocoa Prices Soar To Record Highs As Traders Scramble For Supplies

World cocoa prices hit fresh record highs on Thursday (8 February) as traders continued to scramble for supplies, predicting ever wider deficits...

Ivory Coast Cites Progress Tracing Cocoa As EU Deforestation Law Looms

Top cocoa producer Ivory Coast said it has handed out electronic cards that allow for the tracking and tracing of cocoa to nearly three-quarters of farmers...

Ivory Coast Expects Cocoa Mid-Crop To Drop In 2023/24, Sources Say

Ivory Coast's cocoa regulator expects the country's April-to-September mid-crop to fall to 400,000-450,000 metric tonnes, two sources at the regulator told...