MycoTechnology, a food technology company has developed a new process using gourmet fungi (mushrooms) to reduce the bitterness in cocoa beans that it believes will cut sugar content in chocolate candy.
"We use mushrooms that
CKG Holding, an Ivory Coast-based company, is set to open a new cocoa factory in Oman next year at an estimated cost of $150 million, said a report.
The new company, Chocolatry of Oman, a joint venture between Oman and the CKG gro
Possible El Nino weather conditions later this year could exacerbate a potential global cocoa deficit in the coming 2012/13 season, causing prices to climb, the International Cocoa Organization (ICCO) said.
"We know that when we have El Ni
Indonesia's cocoa bean exports from the main growing island of Sulawesi slumped 80 percent in October from a year ago, declining for an eighth consecutive month, industry data showed on Wednesday.
Indonesia, the world's third-largest cocoa
West African plantations will churn out huge amounts of cocoa during the early months of this season thanks to near-ideal growing weather, and the full harvest is likely to rival last year's record volumes.
The region produced a record of
Agribusiness Cargill is looking to expand its sugar and cocoa operations in emerging markets.
The US privately owned company is keen to acquire mills in top sugar producer Brazil and is also looking at expanding its cocoa operations in Asi
Arabica coffee futures on ICE rose on Wednesday, closing at a 3-1/2 month high on Wednesday, finishing August with their biggest monthly gain in 2011 after rising for 17 days straight, on tight supplies and broad-based gains in commodities.
Cargill expects world 2011/12 cocoa supplies will be adequate to meet demand, with the cushion of a sizable global surplus from the previous crop, the US agribusiness giant said on Tuesday.
"Weather has been pretty OK and pretty normal in
Commodities brokerage Marex estimates world 2011/12 cocoa production will fall to 3.844 million tonnes, after favourable weather in West Africa led to record output the previous year, it said in a report on Wednesday.
Global 2010/11 produc
Cocoa exports from Indonesia, the world's No.3 producer, may fall as much as 12.5 percent this year due to wet weather hitting output.
Exports are set to drop further in 2012 on rising domestic consumption, the Indonesian Cocoa Association