As confectionery groups scramble to reduce added sugar, chocolate sweetened with cocoa fruit pulp is about to hit supermarket shelves with food giant Nestle ready to launch its "Incoa" bar. Using cocoa fruit pulp, which is normally discarded, to flavour products reduces sugar and cuts food waste while boosting the income of cocoa farmers who can "upcycle" their cocoa by selling both the pulp and the beans. "This is a big launch, we give it to all the customers who want it and don't limit supplies," Alexander von Maillot, Nestle's global head of confectionery, told Reuters this week.
Coffee processors in the United States, the world's largest consumer of the beverage, are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon. Mid-sized and smaller roasters, particularly specialty coffee companies, have been hit hardest, company executives said, but even larger companies such as Peet's and JM Smucker Co say they are coping with higher costs. Other U.S. business sectors also face shipping inflation.
Two commodities brokers say data the London Metal Exchange is using to support its proposal to shut its trading floor for good exaggerates the increase in the use of electronic platforms during coronavirus lockdowns. Sucden Financial and StoneX Financial, which oppose the end of so-called ring trading at the 144-year-old exchange, say data used by the LME in a presentation does not take into account electronic trading before floor trading was suspended in March. The row highlights a long-running battle between modernists and traditionalists over the future of the LME ring, the last open-outcry trading floor left in Europe after other exchanges for everything from oil to stocks to cocoa all moved online.