Cocoa producers to benefit from increased cocoa purchases

Albert Guébré holding an open cocoa podFairtrade cocoa producers will soon be reaping more returns from their cocoa sales though the FSP (Fairtrade Sourcing Partnership) program. In June 2016, Ferrero, an Italian confectionery company, announced that it will double its cocoa purchases from Fairtrade farmers to 40,000 metric tonnes over the next three years.

“Ferrero’s long-term commitment means cocoa farmers in Cote D’Ivoire and sugar farmers in countries such as Costa Rica are going to benefit from secured sales and the additional Fairtrade Premium,” said Marina Vanin, Global Cocoa Director at Fairtrade International. “Research has shown that Fairtrade farmers benefit the most when they can sell a significant percentage of their crops on Fairtrade terms.”

Ferrero has sourced cocoa from Fairtrade cooperatives in Cote D’Ivoire since 2014, making it possible for them to sell a substantially higher proportion of their crops on Fairtrade terms.

Dembele Mamdou, member of Ecojad, a certified Cooperative from Cote d’Ivoire, said: “With the agricultural training offered by the cooperative I was able to almost double my cocoa production. I am also working as a secretary in one of the cooperative’s sections. In the future we want to invest our Premium in projects such as schools for our children and drinking water supply in the communities.”