Cocoa DNA Unravelled

It was only a question of time before it would happen, but on Wednesday, the New York Times (and many other news outlets) announced that two teams of scientists had sequenced the complete DNA chain of the cocoa tree. Most appropriately, the news appeared in the business section, not the science section. The two rival teams, one financed by Mars, the other a collaboration between French government laboratories and the University of Pennsylvania backed by Hershey, were quick to dispel any worries that the DNA sequence would become private property. The information will be freely available. The Mars project can be found at the Cocoa Genome Project website.

Continue reading “Cocoa DNA Unravelled”

Cargill Pays Premium

Cargill LogoCargill, the global food giant, joined the sustainability bandwagon in 2008 when the corporation joined the UTZ Certified Program for cocoa. In 2009, the first cooperatives in the Côte d’Ivoire had implemented the relevant codes of conduct and were certified by UTZ. Now, a year later, the first premium payments totaling $400,000 were made to two cooperatives–Co-operative Agricole de Fiedifoue and Coopaga.

Continue reading “Cargill Pays Premium”

New Cocoa Agreement in the Works

Negotiations leading to the seventh International Cocoa Agreement (ICCA) got underway in Yaounde, Cameroon in late March. ICCAs are general agreements that are supposed to foster cooperation between producer and consumer countries, encourage sustainable cocoa farming and help  producer countries. Over the years, these agreements included market intervention mechanisms such as buffer stocks to smooth out cocoa price fluctuations but since the 1990s, such mechanism have been eliminated in favor of  increased information dissemination and reliance on market mechanism.

Continue reading “New Cocoa Agreement in the Works”

Cadbury Announces Plans for first Social Premium Disbursement

Cadbury, the latest convert to fairtrade, announced on Monday its plans for disbursing the first installment of its social premium. The funds, £500,000 ($751,215), will be invested in projects determined by the farmer cooperatives that supply the cocoa. One of the beneficiaries, the Kuapa Kokoo cooperative, will use its share to improve health services for its members through the deployment of mobile clinics and farmer extension services.

Continue reading “Cadbury Announces Plans for first Social Premium Disbursement”