Emerging Markets, Processing Trends, Yield & Quality Improvement
04-05 Mar, 2015 - Singapore, SINGAPORE
GoodWood Park Hotel Singapore
Emerging Markets, Processing Trends, Yield & Quality Improvement
GoodWood Park Hotel Singapore
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Forecast points to Asia's chocolate demand reaching new highs in 2015 and that demand may increase as much as 20% this year. Growing popularity of confectionery and drinks among young people is expected to fuel this growth. China, India and Indonesia with their growing middle class coupled with higher disposable incomes will lead this demand for chocolate.
According to Euromonitor data, the demand for chocolate in Asia was the world's lowest per capita in 2013, and this market will grow at almost twice the global rate over the next five years.
Euromonitor International also predicts that the Asia-Pacific market for chocolate confectionery is likely to expand 4.5 percent in 2015 as compared to 2.6 percent globally.
Within Asia, Indonesia, the world's largest cocoa grower after Ivory Coast and Ghana, is expected to continue its lead as a major supplier of cocoa. Indonesia's domestic demand for cocoa is also slated to increase as much as 20 percent. The country's young demography with 50 percent of its population below 30 years of age has been a driving factor to increase chocolate demand.
Get more on Asia's chocolate consumption trends at Cocoa Revolution (Emerging Markets, Processing Trends, Yield & Quality Improvement) on 4-5 March, 2015 in Singapore.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
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10 Feb, 2015
Singapore-based commodity trader - Olam International Ltd. (OLAM) has purchased Archer-Daniels-Midland Co. (ADM)'s cocoa business for $1.3 billion. The acquisition will help OLAM to become a top-three processor of the cocoa bean.
The new acquisition follows the purchase of U.S. peanut sheller McCleskey Mills Inc. for $176 million, including debt.
Olam says that demand for cocoa has risen three times faster than population growth in the last 15 years. The ADM deal will enhance Olam's processing capacity, thus helping it to sell directly to Nestle SA and Hershey Co.
Olam will now add 600,000 MT of processing capacity across Brazil and Singapore. This is in addition to the 100,000 tons it already owns. Plus, it will pick up the deZaan and UNICAO cocoa brands. This move will bring Olam in direct competition with the likes of Barry Callebaut AG and Cargill Inc.
More on 'Olam's Cocoa Position and Value Chain Activities in Africa' will be shared by V. Srivathsan, Managing Director Africa & M East, Olam International Limited at Cocoa Revolution (Emerging Markets, Processing Trends, Yield & Quality Improvement) on 4-5 March, 2015 in Singapore.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
26 Jan, 2015
United Cacao, a cocoa plantation owner, has announced listing on Aim, London's junior market. This is the first time that a cocoa plantation owner will be listed on Aim.
United Cacao aims to raise £10m via new shares which will be equivalent to 37% of the group. Post the float, United Cacao's founder and chief executive - Mr. Dennis Melka will hold a fifth of the group, while wealthy individuals and agricultural funds in Asia and South America will own the rest of the shares.
United Cacao aims to tap the rising the global demand for cacao and developing a 3,250ha plantation in Peru. The floating will help the plantation further in this direction. Mr. Melka is hopeful that Peru's tropical climate, focus on disease-resistant varieties of cocoa and transparent labor practices will be conducive to high yield. Further the plantation is capable to withstand potential volatility in commodity markets with its low cost of production (about $900 per ton), compared to the price of the commodity (trading at about $3,000 per ton).
The shift of cocoa plantation to Latin American countries like Peru is driven by the Ebola crisis in West Africa (70 per cent of the world's cocoa is grown here) which is hampering cocoa production. Further civil war and ISIS trouble in the region has led cocoa producers to look elsewhere. Apart from United Cacao, Agro Nica Holdings in Nicaragua and ROIG Agro-Cacao in the Dominican Republic are other plantations coming up in Latin America.
Dennis Melka, Founder, United Cacao Limited SEZC will share a key perspective on 'Developing cocoa as a large scale agro industrial crop' in Peru at CMT's Cacao Revolution on 4-5 March, 2015 in Singapore.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
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16 Jan, 2015
There is a shift in cocoa production and processing, progressively focusing more and more on the Asian region.
In terms of consumption, the region still consumes very little chocolate, but the appetite is increasingly growing and as the region has huge potential - producers like Cargill and Olam have announced plans to produce and process cocoa in the region, primarily in Indonesia - world's third largest cocoa grower.
While Cargill is building a $100 million cocoa facility in Gresik, Indonesia, Olam International is investing $61 million in a cocoa-processing plant in the country.
Vietnam is another country in the region that is boosting its cocoa production. Cargill has already invested in cocoa production in the country way back in 2004. The company is helping coffee farmers to grow cocoa as a second crop, as the latter is more suitable for the soil. Cargill has partnered with the Dutch government and Mars Inc. in Vietnam for cocoa production.
Industry experts predict cocoa prices to soar through 2014 due to a continuing deficit in global cocoa supply. International Cocoa Organization expects supplies to fall short of demand in the 2014-15 season beginning Oct. 1.
More on cocoa production and processing will be discussed at the upcoming Cocoa Revolution (Emerging Markets, Processing Trends, Yield & Quality Improvement) summit on 04-05 March, 2015 in Singapore.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
13 Nov, 2014
