Archives for July 4, 2019

Cocoa

Agreement by Côte d'Ivoire and Ghana to introduce new minimum floor price for cocoa fails

Two countries instead agree on 'additional' $400 income for farmers if price falls too low, after meeting in Abidjan breaks up without agreement from cocoa processors.

Retail

UK chocolatier Thorntons suffers more losses, despite store closures

Owner Ferrero says it is still committed to 100-year-old brand despite it falling deeper into the red as it continued to shut stores on the high street.

HMS distribution expands high-end ingredient sphere with Henley Bridge acquisition

As one of the Europe’s largest food ingredient distributors, HMS reaches further into the premium market with HB Ingredients, which serves bakeries as well as chocolate and ice cream manufacturers.