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GLOSSARY<br />

BarryCallebaut<br />

Annual Report2010/11<br />

A ACTICOA<br />

Aprocess developed by Barry<br />

Callebaut which conserves to avery<br />

high degree the polyphenols naturally<br />

present in the cocoa bean, that may<br />

otherwise be destroyed during the<br />

chocolate production process.<br />

B Butter<br />

Refers to cocoa butter,the fat of<br />

the cocoa bean.<br />

British Retail Consortium (BRC)<br />

BRC is one of the five food safety<br />

standards recognized by the Global<br />

Food Safety Initiative,aplatform that<br />

groups global retailers and a large<br />

number of food manufacturers.<br />

C<br />

Cocoabutter ratio<br />

Price of 1tonne of cocoa butter<br />

relative to the price of 1tonne of cocoa<br />

beans.<br />

Cocoapowder ratio<br />

Price of 1tonne of cocoa powder relative<br />

to the price of 1tonne of cocoa<br />

beans.<br />

Combined cocoaratio<br />

Combined sales prices for cocoa butter<br />

and cocoa powder relative to the<br />

cocoa bean price.<br />

Compound<br />

Consists of ablend of sugar,vegetable<br />

oil, cocoa liquor, powder and other<br />

products. Vegetable oil is substituted<br />

for cocoa butter to reduce the product<br />

cost and to develop special melting<br />

profiles.<br />

Conche<br />

Alarge tank with apowerful stirring<br />

device inside that kneads the chocolate<br />

mixture slowly over along time.<br />

Contact with air, heat and friction results<br />

in several different physical and<br />

chemical processes, necessary for the<br />

final taste and mouthfeel of the chocolate.<br />

Controlled Fermentation<br />

Barry Callebaut developed away to<br />

“control” and optimize cocoa fermentation.<br />

With the so-called Controlled<br />

Fermentation method, defined microorganisms<br />

provide aconsistent, predictable<br />

and 100% “superior grade”<br />

cocoa bean quality.This in turn leads<br />

to improved flavor characteristics,zero<br />

default cocoa beans, enhanced levels<br />

of functional components (e.g. flavanols),<br />

and improved processability.<br />

Criollo<br />

Criollo is known as the prince among<br />

cocoa trees.This variety is fragile and<br />

produces small harvests. It grows<br />

primarily in South and Central America,<br />

and accounts for only 10% of the<br />

world crop.The cocoa has apale color<br />

and aunique aroma. It is used in the<br />

production of high-quality chocolate<br />

and for blending.<br />

D<br />

Dark chocolate<br />

Dark chocolate is chocolate that<br />

contains more than 43% cocoa solids<br />

coming from cocoa liquor, butter and<br />

sugar.This is the chocolate most often<br />

used for premium chocolate confections.Besides<br />

cocoa ingredients it contains<br />

sugar,vanilla, and often lecithin.<br />

Drying<br />

After fermentation, the beans still<br />

contain 60% moisture, which must be<br />

reduced to 8% or less in order to<br />

ensure optimum conservation during<br />

storage and transportation. Drying<br />

can either be done by spreading the<br />

beans out in the sun or by placing<br />

them on aheated surface or by hot air.<br />

Thorough drying avoids the formation<br />

of molds.<br />

Dutching<br />

Atreatment used during the making<br />

of cocoa powder in which cocoa solids<br />

aretreated with an alkaline solution to<br />

neutralize acidity. This process darkens<br />

the cocoa and develops amilder<br />

chocolate flavor.<br />

E EBIT<br />

Operating profit(Earnings Before<br />

Interest and Taxes).<br />

EBITDA<br />

Operating profit before depreciation<br />

and amortization (Earnings Before<br />

Interest, Taxes, Depreciation and<br />

Amortization).<br />

F Fairtrade<br />

TheFairtrade Labelling Organizations<br />

International (FLO) arranges<br />

direct contracts with thousands of<br />

small manufacturers, traders, importers<br />

and exporters of foodstuffs, and<br />

ensures that they are paid a higher<br />

price for their products. Barry Callebaut<br />

is certified by the FLO-CERT to<br />

produce a range of Fairtrade cocoa<br />

and chocolate products.<br />

Fermentation<br />

Fermentation is a delicate stage in<br />

cocoa bean processing. Beans and<br />

pulp are heaped in piles,covered with<br />

banana leaves or put in boxes and left<br />

to ferment for several days. During<br />

fermentation, the beans lose their<br />

natural bitterness and astringency.<br />

Flavanol<br />

Aspecific type of polyphenol, known<br />

for its antioxidant activity.<br />

Forastero<br />

Forastero are the most commonly<br />

grown and used cocoa beans. Compared<br />

to Criollo,Forasteroisastronger<br />

tree that is easier to cultivate and<br />

produces larger yields.They make up<br />

about 90% of the world’s production<br />

and are grown mainly in West Africa.<br />

The cocoa has apungent aroma.<br />

160

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