The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

The Ivory Coast has increased the official cocoa farmgate price to CFA 1,500 ($2.46) per kg, a 50% increase on the previous CFA 1,000 price.

Nestlé has launched two new projects, developed with suppliers Cargill and ETG | Beyond Beans, that will support the reforestation of degraded lands around cocoa farming communities.

According to Reuters, four trading sources have reported that major cocoa plants in Ivory Coast and Ghana have halted or cut processing due to financial constraints in buying beans, potentially causing a significant increase in chocolate prices globally.

Ofi and Commodity Centre Group have partnered to create a cocoa bean warehouse terminal using green energy at the Port of Amsterdam, Netherlands. 

Opinion: Nidhi Jain, associate specialist at The Smart Cube, explains why the price of raw sugar and cocoa continues to spike.

Lindt & Sprüngli has announced that 100% of the cocoa beans in its supply chain are traceable back to the farmers and externally verified.