26th January 2016

Dear Members,

2016 is upon us and the outlook for the cocoa and chocolate industries remains full of challenges and opportunity. The phenomenal economic growth that has marked the recent years in Asia-Pacific might be slowing a bit, however we continue to see the demand for cocoa ingredients in our region growing at very healthy rates.

The Cocoa Association of Asia (CAA) likewise is continuing to mature and yet grow at the same time – adding new members, launching new initiatives, and solidifying its position as the leading industry group in the region.

We have some exciting things coming up this year. We will be holding our first ever Cocoa Association of Asia Golf & Dinner event on March 4, 2016 in Singapore. This should prove to be a lively day and evening of discussions, friendly competition, and a chance for the industry to come together and share visions of where we are all heading. We will have some interesting guest speakers joining us for the dinner and there will be lots of time to meet new faces and catch up with old friends. We hope you will join us for this event which will surely become an annual tradition.

The cocoa landscape is constantly evolving and Asia in particular has witnessed quite a few changes over the past years. Cocoa processing assets have grown rapidly, particularly in Indonesia, even as cocoa bean supply in Asian origins has started to decline. The need for sustainable sourcing models is more important than ever and the Cocoa Association of Asia’s members continue to take the lead in finding ways to improve farmer incomes and pave the way for the next generation of cocoa farmers. There is still much work to be done.

We also continue to face new and often complex regulatory changes throughout the region. The CAA provides a forum for members to both learn about the impact of these changes and also create alignment so that we can speak with one voice on these important topics.

It is an exciting time for the cocoa and chocolate industries in Asia and The Cocoa Association of Asia will continue to evolve along with the broader market. Please join us on this journey to help make sure our industry remains vibrant and healthy for years to come.

Richard Fahey