News

The World Cocoa Foundation (WCF) has appointed Chris Vincent, previously its Interim President, the new President of the sustainability organization. Peter Boone, Chief Executive Officer of Barry Callebaut, has become its new chairman. SG SP

Oterra’s acquisition of India’s Akay Group was completed. The company, one of the world’s largest natural food colour manufacturers, announced its intention to purchase Akay in July 2022. SP

The demand for sugar-reduced or sugar-free gummy confectionery is increasing along with consumersʼ awareness of nutrition. SP

Barry Callebaut announced today that the cleaning of its factory in Wieze, Belgium, is nearing completion and, as a result, is back to operating at normal capacity. SG SP

The head of the Ivory Coast-Ghana Cocoa Initiative (CIGCI), Alex Assanvo, said that Nigeria and Cameroon have made requests to join the Initiative, a joint body that represents the two countries’ interests in cocoa trade. SP

Better Nutritionals, a manufacturer and player in nutritional supplements in the gummy category, and DouxMatok, a food tech company, have announced a commercial partnership to offer Better Nutritionals’ network of customers sugar-reduced gummies with the same taste as standard gummies. SP

The Barry Callebaut Group announced the signing of a long-term agreement with Attelli SARL, a distributor and confectionery manufacturer based in Casablanca, Morocco. SG SP

On 14 October 2022, the state-of-the-art Kamakshi Südpack production plant near Ahmedabad opened with a festive ceremony. SG SP

The producer price of Ghanaian cocoa is set to increase by 21% for the 2022/2023 crop season, which began 7 October 2022. SG SP

PepsiCo Inc. has reported that third-quarter revenue and earnings beat analyst expectations. For the quarter ended Sept. 3, PepsiCo said revenue rose 8.8% from a year ago to UDS 21.97 bn. SG

Südzucker AG’s group revenues rose about 29% to € 4.624 bn (previous year: € 3.596 bn) in the first half of fiscal 2022/23. SG SP

Sparkalis and Glimpact announced a strategic alliance to create the first digital platform for measuring and reducing the global environmental footprint of food products. SP

Niche Cocoa Industry Ltd, a privately held company based in Ghana, will soon open a semi-finished and finished chocolate manufacturing facility in the US. SG SP

In an operating environment which continues to be challenging, Givaudan sustained good business momentum while maintaining its operations and global supply chain at a high level, notes the company in its 2022 nine month sales report. SP

Ingredients specialist Beneo opened its new rice starch production line with a special inauguration event. SP