FDBusiness.com

Cargill Enhances Traceability For Premium Payments to Cocoa Farmers – €14 Million Paid in 2015

 Breaking News
  • HKScan Opens New €80 Million Poultry Plant HKScan, the Nordic meat group, has just opened its new, state-of-the-art poultry unit at Rauma in Finland. Valued at over €80 million, the new facility is the largest investment in HKScan’s history. Indeed, the state-of-the-art Rauma unit ranks among the most significant investments in the history of the Finnish food industry. Jari Latvanen, president and chief [...]...
  • Record Growth For UK Food and Drink Exports in First Half of 2017 The first half of 2017 saw exports of all UK food and drink grow to £10.2 billion, up 8.5% on the first half of 2016. This represents the highest first half exports value on record. The UK’s top 3 export products are whisky, salmon and beer. Contrary to recent export trends, stronger growth was reported [...]...
  • Nurturing Locally, Growing Globally – International Meat Congress ICoMST 2017 in Cork The 63rd International Congress of Meat Science and Technology (ICoMST 2017) took place at the Rochestown Park Hotel, Cork, during August 13-18, 2017 and was chaired by Teagasc’s Assistant Director of Research Declan Troy. Over 450 papers were presented at the congress, many by Teagasc researchers. The role of meat in strategies to achieve a sustainable diet [...]...
  • Tempting Batters Now With Clean-label Benefits A leading German natural starch producer, KRÖNER-STÄRKE, perhaps better known as a natural, starch supplier for bread manufacturers, has turned its attention to the convenience market. With a view to cleaning-up the unhealthy image of breaded or battered foodstuffs, the company has succeeded in developing specialist wheat starches which allow food processors to formulate on-trend, [...]...
  • B&R is Introducing a Hypervisor For Its Automation System B&R is introducing a hypervisor for its automation system. This software allows Windows or Linux to run alongside B&R’s own real-time operating system. That enables you to combine the control and HMI applications on a single PC, for example, or have an industrial PC double as both a real-time controller and an edge controller that [...]...
  • Florette Further Expands its UK Business In line with its strategy to be a major player within the UK fresh produce category, Florette UK & Ireland (part of the French Agrial group) has acquired the Wigan site of MyFresh Prepared Produce, a producer of a wide range of salad and vegetable products. MyFresh, Wigan, which employs almost 300 people and was [...]...

Cargill Enhances Traceability For Premium Payments to Cocoa Farmers – €14 Million Paid in 2015

Cargill Enhances Traceability For Premium Payments to Cocoa Farmers – €14 Million Paid in 2015
February 25
15:59 2016

In 2015, cocoa farmers in Côte d’Ivoire have received over €7 million in premium payments under the Cargill Cocoa Promise, while another €7 million were distributed as sustainability premiums to cooperatives for their certified beans’ deliveries. Over 50% of the sums paid to the cooperatives have been reinvested to strengthen cocoa cooperatives’ infrastructures, allowing for the construction of three warehouses and improving the transport and logistics for beans with the acquisition of over 50 trucks, many of which via the FiE Sustainability Innovation Award winning financing mechanism.

As an overall trend, the cooperatives participating in the program have been spending an increasing amount in community services (11% of total premium amount), covering the improvement of health services, the construction of seven schools and 17 new potable water sources. Cargill’s Monitoring and Evaluation system effectively traces back the allocation of funds for each participating cooperative and keeps track of how the money is spent. For the first time in five years, cooperatives have been able to allocate 10 percent of premium payments to savings, which demonstrates the farmer organizations’ maturity and professionalization, and establishes the basis for great financial autonomy.

CargillChartMarch2016“All of us increasingly care about the origin of the things we buy,” says Taco Terheijden, Director Cocoa Sustainability at Cargill. “We persistently focus on real results to demonstrate to farmers that we mean business when we say we want to support them in improving their livelihoods. Our programs prioritize their needs. For our customers and partners whose contributions directly benefit those for whom they are aimed, it is great to see what our program delivers. It clearly shows the longer terms results we aim to achieve and how we intend to get there.”

Ahead of the overall industry average, over 30% of the beans Cargill is sourcing are third-party certified sustainable. Launched in 2012, the Cargill Cocoa Promise is the company’s commitment to improve the livelihoods of farmers and their communities in ways that enable them to deliver more cocoa in the long-term and secure a thriving cocoa sector for generations to come. The premium payments are made to farmers for selling their UTZ, Rainforest Alliance and Fairtrade certified cocoa beans and are funded by confectionary and food manufacturers and retailers.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements