US
Ivory Coast and Ghana cocoa prices remain volatile after 15% Futures market price drop
Considerable market volatility has continued to impact key cocoa markets in Ghana and Ivory Coast, in the wake of a 15% drop in New York Futures prices from over $9,000 a tonne to $7,300 at the start of this week, reports Neill Barston.
Mondelēz International posts drop in second quarter sales, as global economic uncertainties prevail
Mondelēz International has released its latest quarterly results, with figures down 1.9% to $8.3 billion, as the business encountered trading headwinds attributed to unfavourable global exchange rates and divestment of some of its gum business, writes Neill Barston.
Guittard offers expanded premium chocolate options for sector professionals
San Francisco-based Guittard confectionery has moved to expand its premium offerings in creating a new category of chocolate products for industry professionals, writes Neill Barston.
Endangered Species Chocolate claims industry first with ocean plastic neutral status
US premium confectionery brand, Endangered Species Chocolate (ESC), has claimed what is believed to be a sector first in becoming certified as ocean plastic neutral, after linking-up with non-profit organisation 4-Ocean, focused on water-based clean-up operations, reports Neill Barston.
Lindt & Sprüngli delivers continued growth trend with latest half-year figures
Swiss-based Lindt & Sprüngli premium confectionery brand has recorded strong half-year results, with sales up 7% to CHF 2.16 billion, with Europe providing its core area of growth, registering a 9.3% upturn, reports Neill Barston.
NCA’s Sweet Life streaming series sweeps the board with Telly Award honours
As one of the stand-out features of this year’s State of the Industry Conference event in Miami, the National Confectioners Association’s streaming series, The Sweet Life, focusing on key confectionery companies has gained 11 honours at the 45th Annual Telly Awards, reports Neill Barston.
Ferrero opens its first US chocolate production facility, at Bloomington, Illinois
A significant milestone has been marked by Ferrero North America, as it opens its first chocolate processing facility in the region, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Exclusive video: Sweets & Snacks Expo 2024 preview
With this year’s Sweets & Snacks Expo set to take to the starters grid in Indianapolis in just a week’s time, Confectionery Production offers an exclusive video interview with the National Confectioners Association (NCA), which is behind the key US show.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Gabriel Fernandez appointed as Mars Wrigley’s president global emerging markets
Senior regional manager Gabriel Fernandez has been confirmed as President, Global Emerging Markets (GEM) at Mars Wrigley, amid a period of notable growth for the business, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
State of the Industry Conference, Miami, 2024
Editor Neill Barston offers an exclusive review of this year’s State of the Industry Conference in Miami Flordia, where there was plenty of discussion of supply chain challenges facing the sector. Pic: Neill Barston
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Loacker extends dark chocolate wafer series with on-the-go option
Italian wafer business Loacker has moved to extend its key dark chocolate line with a new lighter on-the-go pack, writes Neill Barston.
Business news, Cocoa & chocolate, New products, Packaging, Sustainability
Superfans take centre stage, as Ferrero marks World Nutella Day
This year’s World Nutella Day (5 February) is a little extra special, as the global brand marks its 60th anniversary with surprise sweet gifts for some of its social media ‘superfans,’ writes Neill Barston.
Cargill and dsm-firmenich EverSweet series set for European market expansion
A Joint venture between Cargill and dsm-firmenich, Avansya,has confirmed that its EverSweet stevia-based sweetener has gained a positive response from the European Food Safety Authority (EFSA), and UK Food Standards Agency (FSA), writes Neill Barston.
Research finds UK and US consumers retain a love for chocolate, though sales remain impacted
Latest analysis from the Mintel Research group has found UK shoppers are among the most loyal consumers of chocolate in the world, with sales of £7 billion last year, but figures are declining amid health concerns and ongoing cost of living crisis, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory