Cocoa
The price of chocolate could soar over the next few years as surging demand puts further pressure on the global cocoa crisis – and experts predict the demand could become unsustainable by 2020. Experts are warning that a growing taste for chocolate in Asia –particularly in China – means cocoa farmers will need more help to provide a greater amount to export or manufacturers will be forced to use less cocoa in their products. It is predicted chocolate prices will soar to keep up with the rising demand.
Wheat
Geo-political crisis in Ukraine has raised the world wheat prices. The crisis is causing uncertainty in the
EU’s food supply chains, since Ukraine and the countries surrounding it are an important source of global grain supplies. Farmers in Ukraine have started to withhold the grains from sale in order to protect the country’s falling currency, thereby causing the prices to rise.
Dairy
Fonterra Australia has been selected for ‘2014 Best of Sustainable Supply award’ by McDonald. The award is in
recognition of the positive results achieved by suppliers by identifying opportunities and applying sustainable solutions in diverse places across the world. In addition, it also recognizes Foneterra’s ‘Doing More with Less in Dairy’ programme, which helps farmer suppliers in Australia become more profitable through the more efficient use of high impact inputs such as energy, water and fertilisers. Fonterra provides cheese and dairy beverages to McDonald’s in many markets, including Australia, NZ and across Asia.