* Central America, Colombia, Brazil all short of quality
ABIDJAN/LONDON Ivory Coast and Ghana's threat to possibly halt the cocoa industry's ethical branding schemes poses a major risk to chocolate makers operating in Western markets where consumer demand for sustainably sourced products is rising.
LONDON/BEIJING A crackdown on sugar smuggling into China has left abundantly supplied markets in Asia and beyond struggling to absorb excess supplies, causing a wider storage problem for global markets.
LONDON/BEIJING, Oct 14 A crackdown on sugar
smuggling into China has left abundantly supplied markets in
elsewhere Asia struggling to absorb excess supplies, causing a
wider storage problem for global markets.
LONDON/ABIDJAN, Sept 13 Ivory Coast and Ghana
have agreed initial deals to sell cocoa with a living income
premium of $400 a tonne added to the price, in a bid to reform
the way global cocoa is priced, industry sources and a
government source told Reuters.
* Costs would come on top of new 'living income' cocoa
ABIDJAN/LONDON Ivory Coast and Ghana will meet major chocolate makers and grinders in Abidjan on Wednesday to make plans to regulate the industry's efforts to source cocoa sustainably, multiple trade and government sources told Reuters.
LONDON/SAO PAULO Brazil is producing less top quality coffee this year despite a bumper crop overall because of unusual pre-harvest weather, burning some traders counting on the beans, said industry sources.
ABIDJAN/LONDON, July 10 Top global cocoa
producers Ivory Coast and Ghana have imposed a fixed "living
income differential" of $400 a tonne on all cocoa contracts sold
by either country for the 2020/21 season, an official letter
seen by Reuters shows.
LONDON Buyers in Europe's physical cocoa market are having to pay top dollar for quality beans from leading global producers Ivory Coast and Ghana to compete with stronger U.S. prices, raising cost fears for grinders and chocolate makers.