News & Media
Farmers and others make it clear in this video: “Cocoa farmers are switching to alternative, profitable crops, because they don’t see a future in cocoa.” WCFO Secretary General: “The future of cocoa depends on inclusion.” All stakeholders must come together to take cocoa production into the 21st century. See here the video. Source: http://www.cocoafederation.com/
Report Stakeholders Meeting 2017
The main goal of the meeting was to introducing the Bottom-Up activities developed by FarmGate Foundation (FGF), that will bring long-term solutions to solve cocoa farmers issues on the ground. Aim of the Bottom-Up Approach is to bring pertinent stakeholders together and work towards a common agenda that will bring about real and long-lasting change in the cocoa sector. Download the report of the meeting.
WCFO comments on the request for allowance of a premium
Herewith, we want to express our concerns about the request to attend achieving an “exemption” for allowing a premium in the ISO 34101-series. The World Cocoa Farmers Organization (WCFO) is against this “premium concept” simply because current “premium” systems active in the cocoa sector fail to deliver their intended goal at the farm gate. We believe that farmers are the less benefited from such a “premium”, while the entire value chain profits from “paying a premium” to the farmers. Read here the Letter to the CEN/ISO
FGF/WCFO Declaration on the declining of the cocoa price
The Board, and Members, of the World Cocoa Farmers Organization (WCFO), and FarmGate Foundation (FGG) have jointly writing a declaration concerning the recent decline of the world cocoa price.
The most serious problem is the low-income members earn for their crop. As they only receive a tiny part of the world market price, due to supply chain trading structures and the quality of beans. Majority of farmers are smallholders who are rarely organized, as a result they lack insight to market trends and how cocoa price is define. Read here the Deceleration.
Signs of pick-up in global demand boost cocoa industry
There was relief for the cocoa industry this week after Barry Callebaut, the Swiss chocolate and cocoa group, reported strong sales and also a glimmer of a pick-up in global market demand. The latest consumption figures from the industry’s leading player suggest that the worst may be over for cocoa prices after a torrid time of late. A surge in cocoa prices in 2016 prompted chocolate makers to use less cocoa while the rising health consciousness among consumers has fanned worries of declining chocolate demand.
The impact of smuggling cocoa in Ghana
Ghana’s cocoa regulator is warning farmers that the smuggling of beans from neighbouring Ivory Coast may jeopardize efforts to keep producer payments unchanged despite a slump in prices.
The regulator in Ivory Coast, the world’s biggest producer, expects that as much as 70 000 metric tons of the country’s crop will be smuggled across its borders by the time the season ends in September, a person familiar with the matter said July 5
Cocoa slump to foil Cameroon
Cameroon’s plans to more than double the nation’s production of cocoa beans by 2020 will not be achieved as falling prices are dissuading farmers from planting new crops, according to the state’s support company for growers.
Producers in the world’s fifth-biggest cocoa producer have seen farmgate prices slump by more than a third in the past year as London future contracts declined on forecasts of an oversupply. Cameroon, which produced 269 495 metric tons in the year through July, is in the third year of a strategy to increase annual output to more than 600 000 tons by 2020.
“The falling prices are seriously discouraging farmers,” Jerome Mvondo, director-general of the Cameroon Cocoa Development Corporation, said Monday in an interview in the capital, Yaounde. “That plan is unrealistic and unattainable.”