Fairtrade cocoa offers farmers an opportunity to make a real living, as the Fairtrade Standards implicate a Minimum Price. A Fairtrade Premium is added to the purchase terms and is used by cooperatives for social and economic investments such as education, health services, processing equipment and loans to members
Fairtrade cocoa producers are small family farms nonionic in cooperatives or associations which the farmers own and g overn democratically.
The problems facing cocoa producers
More than 30 developing countries produce cocoa, providing 14 million people with a livelihood
Cocoa is produced, traded and consumed in vast quantities across the globe. Though the majority of cocoa consumption occurs within the developed world, cocoa is grown in tropical regions of the developing world. More than 30 developing countries produce cocoa, supporting more than 14 million people.
In some countries of West Africa and Latin America, cocoa production is the primary income stream.
In the Ivory Coast and Ghana, 90% of the farmers rely on cocoa for their primary income. Around the world, 90% of cocoa is grown and harvested on small family farms of 4.8 hectares or less, spot just 5% comes from plantations of 40 hectares or more.
Producers lack penetration to markets and financing
Cocoa is a volatile trade good with wildly move prices and is frequently traded as futures or options contracts that trade a commodity at a later date for a fixed price today. Since futures and options make income predictable, farmers should benefit from consistent selling prices for their crops over long terms, however futures contracts on the major markets are in units of 10 metric tons...If you want to get a skilful essay, order it on our website: Orderessay
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