The International Cocoa Organization (ICCO) has slightly reduced its cocoa deficit forecast for the current crop year and says there are ample stocks for chocolate manufacturers, but a deficit next year could raise prices.
The EU’s sugar quota fell three million metric tons short of demand in 2012 leading to an 11% price hike, but the deficit is not expected to increase due to stagnant demand for sugar-based foods and health concerns, according to market analysts Euromonitor...
The CIUS is calling for the European Commission to act now to keep sugar supplies within the EU market rather than export the sweetener, with it claiming that EU based confectioners and other food and drink manufacturers are facing sugar supply difficulties.
The reported purchase of 240,100 tonnes of cocoa on the London futures market by a sole trader will not impact hugely on supply to industry, as cocoa processors have already shored up bean stocks for the next four months, claims the International Cocoa...
Symrise is marking the official opening of its Global Citrus Center in Brazil, which represents a major expansion of its existing set-up to take advantage of proximity to prime fruit sources and is claimed to solidify its position as a leader in the citrus...
Barry Callebaut has successfully closed its acquisition of a 60 per
cent stake in Malaysia's KLK Cocoa - a strategic move expected to
give the Swiss firm leverage to expand in the high-potential
PureCircle has secured an extension to its agreement with Cargill
to supply its stevia-derived Reb-A until mid-2010, helping to
ensure availability for what is tipped to be the next big thing in
PureCircle has forged an exclusive supply agreement with an
undisclosed Korean company to supply its commodity Sweta sweetener
on an exclusive basis - a deal it expects to deliver good growth
prospects for its stevia-based portfolio.
Wheat, corn and soybean prices will remain high for much of 2004,
warns the US agency Fitch Ratings, with the industry likely to see
a continual shifting of higher ingredients costs onto the food
manufacturer. But tough negotiations...
German sugar giant Suedzucker willl break ground on a new plant to
produce bioethanol fuel from wheat at Zeitz in East Germany.
Earmarked for completion by 2005, the plant will operate in
conjunction with the local sugar factory.