Cocoa producer living income can be increased by gradually introducing large estates in traditionally smallholder areas, says the International Cocoa Organization’s executive director.
Futures exchange company CME Group has made a “strong commitment” in the cocoa market and plans a new contract to rival the IntercontinentalExchange Group (ICE).
The International Cocoa Organization (ICCO) has estimated a cocoa surplus for the current crop year, but said the market would return to a small deficit next year.
Mondelez International, Nestlé, Ferrero and Mars have all signed the Abidjan Cocoa Declaration and pledged to create a sustainable cocoa industry that guarantees a fair deal for farmers.
