Articles Tagged with ''cocoa''

Cargill’s Cocoa & Chocolate business has established its own licensed buying company (LBC) following the successful application for a license from the Ghanaian Cocoa Board (Cocobod).

Nearly 500 representatives of the global chocolate and cocoa sector, including farmers, gathered in Côte d’Ivoire, the world’s leading producer of cocoa, to address critical sustainability issues confronting the crop, which is the main source of income for millions of people across West Africa and in large parts of Latin America and Southeast Asia.

Cocoa producers, researchers, industry executives, government officials, and civil society organizations, gather to participate in these talks. The discussions will explore how chocolate manufacturing is influenced by cocoa quality standards, direct sourcing and the mapping of cocoa flavor characteristics.

Swiss chocolate manufacturer Barry Callebaut has joined forces with the International Finance Corp. (IFC) and IDH, the Sustainable Trade Initiative, for a $9-million, risk-sharing program that will help small cocoa farmers in Cote d’Ivoire lay the foundation for a strong financial future.

Located in Gresik, the company’s first cocoa-processing facility in Asia will offer premium Gerkens cocoa powders to meet consumers’ taste profiles in the region.

The $1.3 billion transaction will free up capital for Archer Daniels Midland Co. to use for higher-return, less-volatile investments.