Category: Cocoa
Nestlé’s Expanding Market Presence in Africa: Equity, Exports, and Corporate Responsibility
Nestlé, one of the world’s largest food and beverage companies, has a significant footprint in Africa, where it has been operating for over 100 years. The company’s equity and market share in the African continent have been increasing as it continues to expand its operations and product offerings across various sectors, including dairy, cereals, bottled…
33 trucks with smuggled cocoa beans found in Ivory Coast
The Ivory Coast Coffee and Cocoa Board has identified 33 trucks carrying around 1,100 tonnes of smuggled cocoa beans across the border with Guinea. Cocoa smuggling in the region has increased following poor harvests in Ghana and Ivory Coast, the world’s second-largest producers. The decline in production has led to a supply shortage in the…
Cocoa prices unlikely to fall much this year despite higher production, media says
Weather conditions will become more favorable, which will lead to an increase in world production of cocoa beans by about 10%, causing their supply to exceed demand for the first time in four seasons, US media reported. However, the spread of chocolate tree diseases will hardly allow a return to previous prices. According to analysts…
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