Archive for September, 2009

Get Ready for Reverse Trick-or-Treating

Tuesday, September 29th, 2009

Global Exchange, the International Labor Rights Fund, Equal Exchange, Alter Eco, Sweet Earth, La Siembra, Cocoa Zen and a host of other organizations are getting ready for the third annal reverse trick-or-treat campaign.

The Reverse Trick-or-Treat campaign aims to educate consumers about poverty and child labor in the cocoa sector. In a sweet reversal of roles, participating children will hand the adults who open their doors a piece of dark chocolate and a card explaining the working conditions on many cocoa farms.

If your kids want to participate, contact Global Exchange for a kit. Kits are free but cost $5.50 shipping and handling.The deadline for individuals is Oct. 13. Organizations should get their orders in by Oct. 1.

If you want to give out fairtrade chocolate to children coming to your doors, you can stock up at many stores and online locations. Check any of the companies mentioned above.

Ghana Secures $1.2bn for 2009-10 Cocoa Crop

Friday, September 25th, 2009

COCOBOD LogoGhana’s Cocoa Board (COCOBOD) announced that it has secured a consortium loan of $1.2 billion to purchase cocoa in time for the 2009-10 cocoa year which starts October 1. That’s $200 million more than the amount borrowed for the current cocoa year (see my post last year). Ghana is one of the few countries that has maintained some government control over the cocoa sector despite the calls for privatization that dominated the 1980s and 1990s. The COCOBOD remains Ghana’s sole cocoa exporter.

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ICCO and Markets Agree: Cocoa Might be in Short Supply

Wednesday, September 23rd, 2009

The International Cocoa Organization (ICCO) cut its forecasted surplus for the next cocoa year from 100,000 to 25,000-50,000 tons. In an interview along the sidelines of the ICCO meeting in London, the ICCO’s chief, Jan Vingerhoets, pointed out that the economic recession may be ending sooner than expected, leading to higher demand. In addition, cocoa production for the next cocoa year starting on October 1 may well be lower than anticipated. The effects of El Niño on  Indonesia and Ecuador may lower production in these countries and the Côte d’Ivoire continues to struggle with pests and diseases.

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Jamaica to Boost Cocoa Production

Monday, September 21st, 2009
Map of Jamaica

Map of Jamaica

Jamaica is gearing up to boost its cocoa production dramatically. The Jamaican Information Service, reporting from a Jamaica Trade and Investment seminar, highlights a consultant’s assessment that the island has the infrastructure to handle 3,000 tons of cocoa, over six times the current output of 440 tons.

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Mars UK Shrinks Galaxy Bar

Wednesday, September 16th, 2009
Galaxy Bar

Galaxy Bar

Rising cocoa prices have taken another toll. Following the example set by Milton Hershey in the last century, Mars has decided to shrink the Galaxy Bar from 150g to 125g. I can’t imagine those bars containing enough cocoa to warrant that decision.

As the Hershey experience has shown, you can fool consumers only so long. Expecially since Mars had just increased the price of the bar last year.