INDONESIA: Nestle, Petra Foods to join forces on sustainable cocoa
Nestle and Singapore-listed cocoa ingredients maker Petra Foods have agreed to work together on improving cocoa production in Indonesia
Petra, which supplies Nestle with ingredients, said the two companies had signed a memorandum of understanding to collaborate on the sustainability of cocoa production and to promote traceability in the supply chain in the Indonesian region of South Sulawesi.
The two sides plan to train farmers in a bid to improve productivity and the quality of their cocoa beans.
Chocolate manufacturers are keen to work hard on improving yields amid volatile cocoa prices.
Petra CEO John Chuang emphasised the benefits that the co-operation with Nestle could have for local farmers.
"This is a union of two partners sharing the common vision of sustainability - enhancing the income of farmers by training them to improve yields and quality on their farms," Chuang said.
Last year, Petra signed a deal with US peer Blommer Chocolate Co. and French chocolate maker Cemoi to improve cocoa production in Cote d'Ivoire.
The three companies formed a venture dubbed PACTS, or the Processors Alliance for Cocoa Traceability and Sustainability, to set up 30 fermentation centres in the African country.
Petra has seven cocoa processing sites across seven international markets, including Malaysia, Brazil, Mexico and Germany. The company's other major customers include Cadbury, Mars Inc, Associated British Foods and Barry Callebaut.
The company also makes consumer products and has two chocolate confectionery plants in the Philippines and in Indonesia.
The consensus is that those hoping for an easier year in 2012 could be disappointed. Consumer confidence will remain in the doldrums, competition will remain fierce and economic uncertainty will conti...
A decade of industry efforts to curb the use of child labour in cocoa farming has made progress - but the pace of change has angered campaigners. Nestle this week announced a new plan to try to tackle...
German dairy group DMK has appointed Dr Ralf Zink to lead its R&D....
The performance of the UK food retail sector over Christmas came under scrutiny this week and there were some clear winners and losers. Elsewhere, the M&A rumour mill continued to turn, with German yo...
US pharmaceutical giant Pfizer has said it has yet to decide on whether it will sell its infant nutrition business following claims that HJ Heinz, Nestle and Danone have made bids for the unit....
HJ Heinz, Danone and Nestle have all been linked to bids for Pfizer's infant nutrition business....
- M&A Watch: Raisio should sell to private equity
- Briefing: Tokyo plans to double food exports
- Analysis: Market bets on higher Chiquita offer
- Briefing: Expansion agenda of Japan's food majors
- Spotlight: What could be impact of Russia's ban?
- Campbell Soup's Plum division to pull out of UK
- Kerry cools claim spreads move could hit jobs
- Pork Farms buys Kerry Group's pastry plants
- UPDATE: Cutrale, Safra slam Chiquita rejection
- Aunt Jemima lawsuit "without merit", says PepsiCo