Raw sugar futures on ICE rose on Monday, with the market boosted by the prospect of poor crops in several countries including Thailand, while coffee and cocoa prices were lower.
Well, it’s been about, what, like, five seconds since Oreo last announced a new flavor? And if you’re an ardent Oreo lover like I am, you know that’s juuuust about the longest they’ll wait to drop something new. Which brings us here—to the cookie company’s latest launch. It sounds kind of like if Oreo and a Starbucks Frappuccino were to have a baby.
But the scheme, set to come into effect this October, was based on expectations that international cocoa prices would stay within average ranges. Instead, the impact of the COVID-19 pandemic on demand has driven them to their lowest in nearly two years and they are expected to stay weak for at least a year, the industry says.
Alhaji Umaru Sanda, the Gangwari Ganye of Ganye Chiefdom, Adamawa State, has urged the Federal and Adamawa Governments to provide subsidy for Cocoa, Coffee, Kolanuts and other agricultural produce farmers in his domain. The first class traditional ruler made the call at a news conference to mark his 20th anniversary on the throne, held in his Palace in Ganye town on Sunday.
The San Lucas range is one of the most unexplored places in this South American nation, which is the world’s second most biodiverse country after neighboring Brazil. From its towering Andean peaks to its tropical islands and dense Amazon rainforest, Colombia is home to over 50,000 recorded species of animals and plants.
The International Cocoa Council (ICCO) recently announced that four West African countries—Nigeria, Cote d’Ivoire, Ghana and Cameroon—produce more than 70 percent of the global cocoa supply yet 1 percent of finished chocolate comes from Africa.