El Niño

Cocoa and chocolate giant Barry Callebaut has revealed plans to lay off some 2,500 workers across its global operations, according to CEO Peter Feld. The drastic downsizing move, to be implemented within the next 18 months, is aimed at…
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Cocoa futures extended their surge to a record in New York as a shortfall gripped the market, threatening to make chocolate and other confectionery costlier. Prices have doubled during the past year as growers in West Africa — who produce…
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The International Cocoa Organisation (ICCO) estimates a global cocoa supply deficit of around 100,000 tonnes for the just-ended 2022/23 season. According to the ICCO, contrary to market expectations for a balanced supply…
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