After discussing the centuries-long relationship Ghana has with Switzerland through missionaries and colonialism, Ghana’s president Nana Akufo-Addo announced the end of trading raw cacao beans with Switzerland.
After witnessing American companies such as Hershey also capitalize on cheap Ghanain cacao, it would not surprise if changes occurred with the US/Ghana cacao trade as well. The CCC (Coffee and Cacao Council of Cote d’Ivoire) believe Hershey avoided paying the Living Income Differential which aims to eliminate poverty within the farming community in Ghana. This differential requires chocolate companies to pay an additional USD 400 per ton of cacao.
Luxury goods should be bought at a price that supports the farmer after all. This shall lead to greater independence for the Ghanaian economy as they focus on developing the capabilities to process more of their own raw materials and gain more control over the cocoa value chain.
The growth-driving category of salty snacks also experienced double-digit growth in January and February of 2021: € 675.2 m represented a revenue increase for the category of 12.9%, with sales quantity increasing by 9.2% up to 80,097 tonnes. Chocolate products (without season) increased earnings by 6.8% up to € 903.3 m (sales volume + 5.3%; 89,836 t). For the Christmas chocolate season, IRI calculated an increase in earnings of 8.4% up to € 653.4 m (sales volume + 9.1%; 37,648 t).
Similar development was seen in the product group of sweet baked goods and cakes. It exceeded the revenue level of the previous year by 7.1% up to € 408.9 m, while sales quantity here only rose by 1.9% (73,106 t).
Problems continued in the sugar confectionery and chewing gum product groups. While declines in sugar confectionery revenues (- 2.9%; € 328.0 m) and sales volume (- 1.3%; 60,368 t) remained manageable, the figures for chewing gum sank drastically, with a revenue decline of 25.5% (€ 57.5 m) and sales volume falling by 25.9% (38.9 million pieces).
Sunny Verghese, Co-Founder and Group CEO of Olam, says: “2020 was one of our strongest years on record as we delivered operational earnings growth of 36.0 percent to USD 677.8 million even as we contended with the Covid-19 pandemic. We also made significant progress on our transformational reorganization plan to unlock and illuminate the current value of our business and develop new strategic pathways that drive sustainable growth for the group”.
The lectures of the web seminar series are divided into five thematic blocks. This allows the participants to flexibly choose which series is of particular interest to them and to follow it conveniently from their workplace or home office. After the presentations, the experts will be available for questions and discussions in the usual manner.
The third block of the series, the web seminar “Chocolate-up-to-date”, will take place on 14 April 2021. At this event, everything is about analytics, technology and processing of chocolate. The web seminar will be translated simultaneously. Further thematic blocks are planned for 9 June 2021 (“Choco Tec – here and now”) and 9 September 2021 (“Sustainability”).
The positive development of German confectionery retail sales from the previous year has continued during the first few months of 2021. According to the current Nielsen confectionery monitor, revenues rose through Week 9 of 2021 by 7.0% up to € 2.479 bn.
With a workforce of 120 employees and an annual revenue of about EUR 34 m last year, Sidac has been a successful manufacturer of flexible packaging since 1929, particularly in the food, beverage, confectionery and animal feed segments. The product portfolio primarily encompasses complex laminates supplied on reels and used in the ready-to-eat convenience food and pet food segment (stand-up pouches). This comprises a market segment generating dynamic growth thanks to the reduction of material use while maintaining a high level of functionality as a sustainable packaging alternative.
Michael Schernthaner, CEO of Schur Flexibles, explains: “Italy is a significant growth market for us as a European player. Due to the acquisition of Sidac, we have gained an established partner for our regional expansion in Italy. In this case, we can perfectly complement our competencies in the field of flexible packaging solutions in the food industry”.
Chr. Hansen Holding A/S and EQT announced the completion of the transaction announced on 26 September 2020, whereby EQT and Chr. Hansen Holding A/S entered into an agreement with the purpose of EQT to acquire the Natural Colors division from Chr. Hansen Holding A/S.
The total consideration for the transaction is EUR 800 m on a cash and debt free basis, which Chr. Hansen has already received. Transfer of business activities is completed, however, the full legal transition in a few countries will be finalized during the coming months. The proceeds from the divestment will be used to reduce the leverage of Chr. Hansen.
Serge and Fred Zamblé, brothers and the co-founders of Seekewa, wanted to start a business with social impact in Ivory Coast. Both had professional careers in software engineering and finance before they left and eventually founded Seekewa with the aim to make their ideas a reality. Seekewa refers to their model as: “A participative platform that helps smallholder farmers find all the resources they need to carry out their projects”.
The Swiss food concern Nestlé SA has announced the wider roll-out of chocolate made exclusively with the cocoa fruit, introducing Incoa, a 70% dark chocolate tablet under its Les Recettes de L‘Atelier brand across several countries.
Incoa is made entirely from the cocoa fruit, not adding any refined sugar. The cocoa beans in Incoa are sourced in West Africa from Nestlé Cocoa Plan farms certified by Rainforest Alliance. The cocoa pulp is currently sourced from Brazil from farms that are part of the Nestlé Cocoa Plan. The Nestlé team leveraged its in-house chocolate expertise to develop a natural approach which allows it to extract the pulp and produce a dark chocolate that captures the pulp‘s intrinsic sweetness and texture. The unique approach enables the company to produce Incoa in high quantities with no compromise on taste, texture and quality. The pulp, which makes up around 10% of the fruit, is soft, sweet and white in colour. Some of the pulp is used in the fermentation of the cocoa beans after they are harvested, but a significant proportion is usually discarded.
The focus of the current and future campaigns is on the clear positioning of Constantia Flexibles as a leading company among flexible packaging manufacturers, especially in the area of more sustainable packaging solutions. “In the next few years, it will be particularly exciting to accompany Constantia Flexibles’ path towards 100 percent recyclable packaging by 2025 in terms of communications,” he explained.
Schulz joined Constantia three years ago with rich international experience and recently took over the top responsibilities for the company’s marketing activities. Before joining Constantia Flexibles, he worked for more than seven years at Procter & Gamble in various brand management roles. Most recently, he managed all projects in the DACH region as Direct-to-Consumer & Corporate Marketing Brand Director.