Keywords: Cocoa
Chocolate manufacturers are beginning to reverse cost-cutting changes introduced during the cocoa price crisis of 2024, as global cocoa prices continue to retreat sharply from record highs. After months of reducing cocoa content, adding fillers and relying on compound coatings, some major confectionery......
Nearly three quarters of cocoa farmers in Ivory Coast have not purchased any fertilizer for the next two production cycles, according to a recent survey, raising concerns over future output in a country that produces about one third of the world’s cocoa. The findings point to growing strain across......
Global cocoa futures have dropped sharply from their historic peak, falling about 74 percent from nearly 12,900 dollars per metric ton in December 2024 to around 3,365 dollars this week. The decline reflects a rapid shift in market conditions, driven by improved harvests and softer chocolate demand.......
Nigeria’s non oil exports have climbed to a historic high, underscoring the country’s drive to reduce its long standing dependence on crude revenues and broaden its economic base. According to recent figures released by the Nigerian Export Promotion Council (NEPC), non oil exports reached......
Ivory Coast will bring forward the start of its cocoa mid-crop season and sharply lower the price paid to farmers, in an unprecedented move to ease a mounting surplus that has clogged warehouses and ports across the country. Cocoa harvested from March will now be classified as mid-crop instead of main......
In a significant move that could reshape the global spreads industry, Teralys, a subsidiary of Moroccan royal holding company Al Mada, has announced its acquisition of Italian agro-industrial group Nutkao for €450 million. This strategic purchase positions Teralys as a formidable competitor to established......
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