West African cocoa farmers hope for more rains as midcrop begins

In West Africa, growers are hoping that dry weather will be broken by some gains to bolster bean sizing and quality in the midcrop. A more prolonged dry period could threaten tree health and pod-setting for the new main crop. ICCO estimates 2019/20 production [...]

First-quarter cocoa grinds showing signs of green shoots

The past year has been tough on everyone, and the confectionery industry has been no exception. Global cocoa grind, a measurement of confectionery demand, contracted nearly 3 percent in 2020, with many traditional routes to market such as impulse purchases and food service disrupted [...]

U.S. cocoa bean stocks climb with arrival of main crop

As we near the end of Q1, cocoa bean stocks in licensed U.S. warehouses continue to seasonally climb with the arrivals of more main-crop beans from West Africa. We are already 5 percent above last year’s levels at this time, and inventories should continue [...]

Chocolate producers named as defendants in new child labor case

Chocolate producers named as defendants in new child labor case Seven companies were named as defendants in federal class action lawsuit on behalf of plaintiffs who allege they were forced to work on cocoa farms across West Africa as children. The plaintiffs are eight [...]

Midcrop discount undercuts LID premium across Ivory Coast

Regulators in Ivory Coast finally acted in response to lax sales of midcrop beans and building inventories in country. Midcrop beans tend to be smaller in size, have a higher shell-to-nib ratio, and are lower yielding. Given the decline in combined ratio and narrowing [...]

Q4 cocoa grind yield mixed result so far

A few weeks into 2021, we have seen the first grind results of Q4 2020. This figure corresponds to first quarter of the 2021 October-September crop year. Matching expectations, Malaysian grind fell a nominal 2.5 percent in Q4 2020 to 87,163 MT down slightly [...]

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