Tea, Coffee & Cocoa
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Nestlé invests US$51.43m in building capacity for production of the newly launched Nescafé Dolce Gusto Neo machine’s pods
BRAZIL – Nestlé has invested more than EUR50m (US$51.43m) in its factory in Montes Claros in Brazil, to enable the company to build capacity that…
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Ghana Cocoa Board signs US$1.13 billion trade finance facility for 2022/2023 cocoa season
GHANA – Ghana Cocoa Board (COCOBOD) has signed a US$1.13billion pre-export receivables backed trade finance facility with a consortium of international and local financial institutions…
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Team Europe commits to supporting sustainable farming of cocoa in Ivory Coast
IVORY COAST – The European Union and its partners have announced they are raising 450 million euros (US$442 million) to support Ivory Coast’s push to…
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Mondelēz International doubles down on cocoa life program with US$600m added investment
WEST AFRICA – Mondelēz International has launched the next phase of its Cocoa Life program, backed by an additional US$600 million through 2030, bringing its…
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Barry Callebaut reinvents chocolate production with Cocoa Cultivation & Craft principle
SWITZERLAND – Chocolate and cocoa giant Barry Callebaut has reinvented chocolate production from farm to roasting, accommodating the “mindful consumption” movement where consumers want to…