Organization will pay $300 more than market price or FairTrade Minimum Price for organic cocoa.
December 5, 2018
Fairtrade International is raising the prices it will pay for conventional and organic cocoa next fall after world cocoa prices dropped by more than a third last year.
Dutch confectionery company Tony’s Chocolonely, retailer Albert Heijn and chocolate manufacturer Barry Callebaut have partnered to work toward ending child labor and modern slavery in the chocolate industry.
The amount of sustainable cocoa sourced by Cargill in Ghana has doubled since the establishment of its own licensed buying company (LBC) model, and over 13,000 cocoa farmers are now benefiting from the initiative – up by 30 percent from 10,000 a year ago.
Mars, Inc. and the Rainforest Alliance, in partnership with Touton and the Grameen Foundation, have launched in Ghana SAT4Farming, an initiative using digital technology and satellite imagery to guide farmers over a seven-year period.
The Government of Colombia — along with its two largest cocoa companies, Casa Luker and Compañía Nacional de Chocolates, and the National Cocoa Federation — has committed to eliminate deforestation from the country’s cocoa supply chain by 2020.
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The European Cocoa Association elected Steven Retzlaff, president of global cocoa at Barry Callebaut, as chairman during its last General Assembly in Zurich.
The International Cocoa Initiative has nearly met its goal of reaching 200,000 children with child protection measures half-way through its six-year strategy.