Monday November 14, 2011
Cargill Furthers Cocoa Farmer Support
Abidjan — An investment of $3.25 million is being made by Cargill, Inc. to help Ivory Coast farmers obtain UTZ and Rain Forest Alliance certification.
The company says it will work with ANADER, an Ivory Coast rural development agency, to expand farmer-training programs.
Cargill expects to purchase 50,000 metric tons of certified cocoa from the Ivory Coast during the 2011/2012 season, totaling more than $9 million in cocoa premium payments. More than 50 percent of these payments go directly to farmers, with the remainder being divided between cooperatives to provide assistance to members and build local community facilities, the company says.