Tuesday August 23, 2011
Cargill Pays $2.2 Million In Sustainable Premiums
Wormer, Netherlands — Farmers in Ivory Coast have now received more than $2.2 million from Cargill, Inc.’s cocoa and chocolate business with its second annual sustainable certified cocoa premium payment.
The payments are for 20,000 metric tons of UTZ Certified and Rainforest Alliance cocoa delivered between October 2010 and May 2011, which represents 10 percent of Cargill’s total bean sourcing from Ivory Coast, the company says.
The money was distributed among 26,500 farmers across 21 cooperatives in the West African nation, the company says. Fifty percent of the payments went directly to farmers, while the remainder went to support cooperatives that provide assistance to members and help build local community facilities, according to Cargill.
“The premiums are a clear indication that farmers are adopting more sustainable practices and that the availability of sustainable beans and cocoa products for our customers continues to grow,” says Harold Poelma, Cargill Cocoa and Chocolate's managing director for cocoa.
Twenty other cooperatives are expected to receive Cargill certification before the start of the next crop season, with another 30 set to join before October 2011. In addition, Cargill is intensifying its program in Vietnam and has announced its extension into Cameroon growing regions, the company says.