Archives for November 9, 2022

EU deforestation regulation will ‘increase poverty’, claims Indonesian Palm Oil Association

Ahead of this week’s trilogue negotiations on the EU’s Deforestation Regulation, the Indonesian Palm Oil Association (IPOA/GAPKI) has complained the legislation “will increase poverty, decrease sustainable development, and undermine decades of progress...

Nestlé joins Africa Food Prize to strengthen food security and combat climate change in Africa

The Cheerios and Shreddies maker has contributed CFH 100,000 ($101,647) to the Africa Food Prize to unearth the bold initiatives and technical innovations that will create a new era of food security and build great climate change resilience on the continent.

Markets

Dock strike at Cote d’Ivoire port threatens cocoa supply, as global demand remains ‘mixed’

Analysts and traders are keeping a close eye on an ongoing strike by dock workers at San Pedro, one of Cote d’Ivoire’s two main ports, while ICE NY cocoa closed up +72 (+2.96%), and December ICE London cocoa closed up +9 (+0.44%).