Sustainability is the key theme for this year's World Cocoa Conference (WCC), as outlined by the International Cocoa Organization's (ICCO) executive director, Jean-Marc Anga, during the event's inauguration.
Deforestation has been labelled as the key problem in the cocoa sector with its effects being detrimental to both the global and local climates.
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As the World Cocoa Conference (WCC) in Berlin comes to a close, executive director of the International Cocoa Organization (ICCO) Dr Jean-Marc Anga, spoke to IEG Vu on the side-lines, to reflect on the event and what lies in store for the cocoa sector looking ahead.
Cocoa futures in New York rallied by 4% on Tuesday’s (April 24) close, while London values also increased.
The sustainability of the cocoa sector and more crucially, the cocoa farmer, continues to be crucial, with the industry failing to react accordingly to prior warnings. Frank Mars, of Mars Incorporated, gave a rousing speech at this year's World Cocoa Conference in Berlin, outlining what needs to be done before the sector disappears.
The recurrent word used at this year's World Cocoa Conference (WCC) is "sustainability", albeit with more of a focus on producer price plight than actual trees.
Swiss food and beverages giant Nestlé confirmed its full-year guidance after sales and volume growth accelerated in the first quarter of 2018.
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