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.

Swiss chocolate manufacturer Barry Callebaut has joined forces with the International Finance Corp. (IFC) and IDH, the Sustainable Trade Initiative, for a $9-million, risk-sharing program that will help small cocoa farmers in Cote d’Ivoire lay the foundation for a strong financial future.