market research for sustainable investment - fast research for... · a brief overview of the...
TRANSCRIPT
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade1
THINK BEFORE YOU PRINTWe’ve designed this document for optimum viewing on screen. Please don’t print it unless you really have to and save precious resources.
Market Research forSustainable Investment
With the support of:
#1
A Brief Overview of the Sustainable Cocoa Sector in
Latin America and the Caribbean
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade2
About the Finance Alliance for Sustainable Trade
The Finance Alliance for Sustainable Trade (FAST) is an international membership-driven non-
!"#$%&#"'()*+(%*#)&,(-./&*)&0#)%".(1&2()(/(3&4-%(,1*-5./&*)&67789:;<=&5(-&!1(>./&(&1.(/."-5*!&"#1.&*)&*?!"#@*)'&()/&*)A".(-*)'&%5.&(@(*1(,*1*%>&#B&$)()A.&*)&-C-%(*)(,1.&@(1C.&A5(*)-3
:;<=&".!".-.)%-&$)()A*(1&*)-%*%C%*#)-&()/&-C-%(*)(,1.&<04-&D-?(11&()/&?./*C?&-*+./&.)%."!"*-.-E&F5#& (".& A#??*%%./& %#& %5.& /[email protected]#!?.)%& #B& -C-%(*)(,1>& !"#/CA./& !"#/CA%-& ()/& ?("G.%-3&0.?,."-& *)A1C/.& -#A*(11>& #"*.)%./& 1.)/*)'& *)-%*%C%*#)-9& <04-& ()/& !"#/CA."& #"'()*+(%*#)-9&A."%*$A(%*#)&,#/*.-9&()/&/[email protected]#!?.)%&HIJK-3&:;<=K-&A#".&#,L.A%*@.&*-&%#&*)A".(-.&%5.&)C?,."&#B& -C-%(*)(,1.& <04-& *)& /[email protected]#!*)'& A#C)%"*.-& F5#& A()& -CAA.--BC11>& (AA.--& (BB#"/(,1.& %"(/.&$)()A.&()/&".1(%./&$)()A*(1&"*-G&?()('.?.)%&%##1-3
M*%5&()&(A%*#)&#"*.)%./&#!."(%*)'&?#/.19&:;<=&5(-&/[email protected]#!./&(&-%"(%.'>&%5(%&*)A1C/.-N&!"#@*/*)'&-%"(%.'*A& ?("G.%& ()/& *?!(A%& *)B#"?(%*#)& #)& -C-%(*)(,1.& ('"*AC1%C".&?("G.%-& ()/& %5.& <04&$)()A.&*)/C-%">9&B(A*1*%(%*)'&A(!*%(1&O#F&*)&-C-%(*)(,1.&('"*AC1%C".&@(1C.&A5(*)-&%5"#C'5&(&<04&A(!(A*%>&,C*1/*)'&()/&?(%A5P?(G*)'&!"#A.--9&()/&#!.)*)'&*)/C-%">&).%F#"G*)'&#!!#"%C)*%*.-&(%&%5.&1#A(1&()/&'1#,(1&[email protected]
Finance Alliance for Sustainable Trade
Q6RR&"C.&S)*@."-*%>9&<C*%.&T7Q0#)%"U(19&V2&WXY&XMXCanada
=.1N&ZQPRQ[P8R\P]]6]
:(^N&ZQPRQ[P8R\P]]7XM.,N&FFF3B(-%*)%.")(%*#)(13#"'
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean
JA%#,."&67Q6
_".!("./&,>N2"*-%*)(&`("".(&()/&0(%%5.F&`>)A5
a.@*-./&,>Nb*?,."1.>&b.))>9&&H#.?c&_U".+&()/&d(-#)&_#%%-
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable TradeX
Contents
4^.AC%*@.&<C??(">&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&[
e3&:*)()A*)'&<C-%(*)(,1.&2#A#(&f(1C.&25(*)-&*)&`;2N&0("G.%&J@."@*.F&&&&&&&&&&&&&&&&&&&&&&&&&&&]&&
ee3&<C-%(*)(,1.&2#A#(&0("G.%-N&`;2K-&a#1.&*)&%5.&I1#,(1&<C-%(*)(,1.&2#A#(&4A#)#?>&&&&&&T
ee3&<C-%(*)(,1.&2#A#(&0("G.%-&*)&`;2N&H(%*#)(1&=".)/-&()/&J!!#"%C)*%*.-&&&&&&&&&&&&&&&&&&&&&QX
&&&&&&&&&&&&&&&&&&&&;3&4AC(/#"&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&Q]
&&&&&&&&&&&&&&&&&&&&Y3&_."C&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&QT
&&&&&&&&&&&&&&&&&&&&23&g#?*)*A()&a.!C,1*A&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&67
&g3&2.)%"(1&;?."*A(&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&66&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
2#)A1C-*#)&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&6[
;!!.)/*^&eN&I1#,(1&2#A#(&_"*A*)'N&M5.".&M.K".&(%&=#/(>&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&6R
;!!.)/*^&eeN&2#A#(&Y.()-N&;&VC*AG&_"*?."&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&68
;!!.)/*^&eeeN&=5.&2#A#(&<C!!1>&25(*)&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&6T&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
`*-%&#B&:*'C".-9&=(,1.-&()/&Y#^.-N:*'C".&QN&`.(/*)'&2#A#(&_"#/CA*)'&2#C)%"*.-&,>&f#1C?.&D?.%"*A&%#).-E967Q7&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&:*'C".&6N&677\P67QQ&I1#,(1&<C-%(*)(,1>&2."%*$./&2#A#(&_"#/CA%*#)&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&:*'C".&XN&67QQ&2#)B.A%*#)."K-&0("G.%&<5(".&,>&H.%&2#)B.A%*#)(">&<(1.-&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&:*'C".&[N&I"#F%5&a(%.&h&2#A#(&_"#/CA%*#)&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&:*'C".&RN&i.("&#@."&i.("&4^!#"%&f(1C.&I"#F%5&a(%.-9&Q\\QP677\&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&:*'C".&]N&i.("&#@."&i.("&_"#/CA%*#)&VC()%*%>&I"#F%5&a(%.-9&Q\\QP677\&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&:*'C".&8N&=#%(1&`;2&_"#/CA%*#)&D?%E&@-3&a.'*#)(1&0("G.%&<5(".9&Q\T7P67Q7&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&:*'C".&TN&e--C.-&;BB.A%*)'&_"#/CA%*#)&()/&0("G.%&4^!()-*#)&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&:*'C".&\N&0("G.%&<5(".&#B&_."C@*()&4^!#"%."-9&67Q7P67QQ&2#A#(&<.(-#)&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&:*'C".&Q7N&2JH;2;gJK-&J"'()*+(%*#)(1&<%"CA%C".&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&:*'C".&QQN&2#A#(&<!#%&_"*A.N&Q\\7&P67Q6&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&:*'C".&Q6N&0#)%5&#@."&0#)%5&_"*A.&25()'.-P2#A#(&@-3&2#??#/*%*.-&@-3&:##/&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&:*'C".&QXN&=5.&2#A#(&<C!!1>&25(*)N&;&Y(-*A&J@."@*.F&-.A#)/(">&?()CB(A%C"*)'&DA5#A#1(%.9&A#A#(!#F."9&.%A3E3&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
Y#^&QN&<MJ=&;)(1>-*-N&`;2K-&<C-%(*)(,1.&2#A#(&<.A%#"&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&Y#^&6N&g.$)*%*#)&#B&b.>&:*)()A*(1&=."?-&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&Y#^&XN&2JH;2;gJN&(&`.(/*)'&_1(>."&*)&<C-%(*)(,1.&2#A#(&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&Y#^&[N&4^(?!1.&#B&4A#)#?*A&()/&<#A*(1&a.%C")-&#B&<C-%(*)(,1.&_"(A%*A.-&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
=(,1.&eN&I1#,(1&W("@.-%&<.(-#)-&#B&2#A#(&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
8\11
11
12
12
QXQ[Q\21
25
25
6T
15
Q821
6X
6\
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade[
4^.AC%*@.&<C??(">S)/."-%()/*)'&%5.&/>)(?*A-&()/&%".)/-&#B&-C-%(*)(,1.&('"*AC1%C".&@(1C.&A5(*)-&(%&%5.&1#A(1&()/&'1#,(1&[email protected]&*-&(&?(L#"&A5(11.)'.&B#"&%5.&*?!(A%&*)@.-%?.)%&A#??C)*%>3&e)&#"/."&%#&!("%*A*!(%.&*)&$)()A*)'&%5.-.&5*'5P!."B#"?*)'&?("G.%-9&*)@.-%#"-&F*11&)../&%#&/[email protected]#!&"*-G&?()('.?.)%&-%"(%.'*.-&%5(%&(".&,C*1%&C!#)&-%"(%.'*A&?("G.%&()/&*?!(A%&*)B#"?(%*#)3
=5*-& ".!#"%&F(-&F"*%%.)& B#"& -#A*(1& 1.)/*)'& *)-%*%C%*#)-& ()/& *?!(A%& *)@.-%#"-&F5#& 5(@.& ()&&&&&*)%.".-%&*)&/[email protected]#!*)'&*)@.-%?.)%&#!!#"%C)*%*.-&F*%5&-C-%(*)(,1.&A#A#(&#"'()*+(%*#)-&*)&%5.&`(%*)&;?."*A()& ()/& %5.&2("*,,.()& D`;2E& ".'*#)3&=5.& *)B#"?(%*#)& ()/&/(%(&!".-.)%./&F*11&5*'51*'5%&?("G.%& %".)/-& ()/& *)@.-%?.)%&#!!#"%C)*%*.-& *)& -C-%(*)(,1.& A#A#(& @(1C.& A5(*)-& *)&`;23
=5*-& ".!#"%& ".!".-.)%-& %5.& $"-%& #B& (& -."*.-& #B& ".!#"%-& %#& ,.& !C,1*-5./& ,>& :;<=& %5(%&F*11&&&&&&5*'51*'5%& AC"".)%& ?("G.%& %".)/-& *)& -C-%(*)(,1.& ('"*AC1%C".& @(1C.& A5(*)-& ()/& %5.& ".1(%./&&&&&&&&&&&&&&&&&&&&&&&&&&*)@.-%?.)%&#!!#"%C)*%*.-&B#"&%5.&-C-%(*)(,1.&<04&$)()A.&*)/C-%">3
=5.&B#11#F*)'&".-.("A5&*-&,(-./&C!#)&-.A#)/(">&/(%(&A#11.A%*#)&B"#?&!C,1*A&/#AC?.)%-9&(-&F.11&(-&B"#?&*)B#"?(1&*)%."@*.F-&()/&().A/#%(1&.@*/.)A.&B"#?&!"#/CA."-9&.^!#"%."-9&%"(/."-&()/&$)()A*(1&*)-%*%C%*#)-&/*".A%1>&*)@#1@./&*)&%5.&̀ ;2&A#A#(&-.A%#"3&:;<=&*)&)#&F(>&'C("()%..-&%5.&(AAC"(A>&#B&%5.&/(%(&.^!".--./&*)&%5.&/#AC?.)%3
JC"&".-.("A5&5(-&-5#F)&%5(%&F5*1.&;B"*A(&/#?*)(%.-&%5.&'1#,(1&A#A#(&!"#/CA%*#)&1()/-A(!.9&`;2& 5#1/-& (& -%"#)'& !#-*%*#)& (-& %5.& F#"1/K-& -.A#)/& 1("'.-%& !"#/CA."3&;-& .^!#"%& @#1C?.-&5(@.&A#)%*)C./&%#&"*-.&>.("&#@."&>.("9&%5.&`;2&".'*#)&5(-&(1-#&!(@./&%5.&F(>&*)&%5.&'1#,(1&&&&&&&&&&&&%"()-*%*#)&%#F("/-&(/#!%*)'&?#".&-C-%(*)(,1.&!"#/CA%*#)&!"(A%*A.-3&
`;2& *-& AC"".)%1>& %5.& %#!&!"#/CA."&#B& -C-%(*)(,1.&A#A#(9&F*%5&!"#/CA%*#)&(%&).("1>&5(1B&#B&&'1#,(1&%#%(1&B#"&-C-%(*)(,1.&A#A#(3&M*%5&?(L#"&'1#,(1&!1(>."-&-CA5&(-&0("-9&H.-%1U&()/&b"(B%&:##/-&*)A".(-*)'&%5.*"&A#??*%?.)%-&%#&C-.&?#".&-C-%(*)(,1.&A#A#(&*)&%5.*" !"#/CA%-9& *%& *-&.^!.A%./&%5(%&!"#/CA%*#)&()/&.^!#"%&'"#F%5&*)&%5.-.&?("G.%&)*A5.-&F*11&#)1>&A#)%*)C.&%#&*)A".(-.3
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade5
g.-!*%.& ()& *?!".--*@.& !#-*%*#)& (-& %5.& F#"1/K-& %#!& !"#/CA."& #B& -C-%(*)(,1.& A#A#(9&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&-C-%(*)(,1.& !"#/CA."-& /#)K%& 5(@.& (AA.--& %#& .)#C'5& $)()A*)'9& F5*A5& 5(-& ,..)& (& ?(L#"&&&&&&&&&&&&&&&&&&&&,(""*."&1*?*%*)'&%5.&!#%.)%*(1&B#"&A#)%*)C./&'"#F%5&*)&%5.&`;2&".'*#)3&`#F&*)@.-%?.)%&*)&%5.&&&&&&&&&&&-.A%#"&5(-&A#)-%"(*)./&%5.&.^!()-*#)&#B&-C-%(*)(,1.&A#A#(&!"#/CA%*#)9&F5*A5&5(-&,..)&BC"%5."&&&&&&&&(''"(@(%./&,>&(&A>A1.&#B&$)()A*(1&*)-%(,*1*%>&#B&A#A#(&!"#/CA."-9&(1#)'&F*%5&F.(G&$)()A*(1&()/&(AA#C)%*)'&?()('.?.)%&!"(A%*A.-3
=5.&1("'.&)C?,."&#B&-C-%(*)(,1.&A#A#(&!"#/CA."-&()/&(--#A*(%./&@(1C.&A5(*)&,C-*).--.-&*)&%5.&`;2&".'*#)&".!".-.)%-&()&(%%"(A%*@.&#!!#"%C)*%>&%5(%&?()>&*)@.-%#"-&?(>&5(@.&#@."1##G./3&e)@.-%*)'&*)&-C-%(*)(,1.&A#A#(&<04-&)#%&#)1>&A".(%.-&!#-*%*@.&$)()A*(1&".%C")-9&%5.".&(".&(1-#&()&(""(>&#B&!#-*%*@.&-#A*(1&()/&.)@*"#)?.)%(1&*?!(A%-&%5(%&".(A5&B("&,.>#)/&%5.&!"*?(">&1#()&".A*!*.)%&%#&1#A(1&A#??C)*%*.-9&.A#)#?*.-&()/&.A#->-%.?-3
=5*-& ".!#"%& 5(-& ,..)& /*@*/./& *)%#& %5"..& -.A%*#)-3& :*"-%9& (& ,"*.B& ?("G.%& #@."@*.F& #B&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&-C-%(*)(,1.&A#A#(&@(1C.&A5(*)-&(%&'1#,(1&[email protected]&*-&!".-.)%./3&=5.&).^%&-.A%*#)&'*@.-&>#C&(&5*'[email protected]& *)%"#/CA%*#)& %#& %5.& -C-%(*)(,1.& A#A#(&.A#)#?>& *)& %5.&`;2&".'*#)3&=5.&$)(1& A5(!%."&&C)A#@."-& A#C)%">[email protected]& /(%(& #)& -C!!1>& A5(*)& />)(?*A-9& !"#/CA%*#)& @(1C.-9& ()/& ()& ()(1>-*-&#B&AC"".)%&$)()A*(1&A5(11.)'.-&()/& *)@.-%?.)%&#!!#"%C)*%*.-& *)&%5.&-C-%(*)(,1.&A#A#(&@(1C.&A5(*)-&*)&%5.&`;2&".'*#)3
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade]
e3:*)()A*)'&<C-%(*)(,1.&2#A#(&f(1C.&25(*)-&*)&`;2N&0("G.%&J@."@*.FAfrica dominates the global cocoa production landscape, accounting for approximately 70% of global production3&LAC is the second most important producing region, acounting for 14% of global production3&e%&*-&&.-%*?(%./&%5(%&\7j&#B&'1#,(1&A#A#(&!"#/CA%*#)&A#?.-&B"#?&kX&?*11*#)&-?(115#1/."-9&F5#&5#1/&()&(@."('.&#B&1.--&%5()&X5(&#B&1()/&.(A513
!"#$%&%'()*(+,#$-.-.($%#-'./$"(%$#01#/)#*-#2$%)3*)4-(*'$3/.5'"$/#-#*',69)2#*-#2$ +6$ '"#$ 3/.5'"$ (-/.%%$ 8.&/$ 3,.+(,$ 9.,&*'(/6$ :&%'()*(+),)'6$$$$$$$$$$;*)')(')7#%$<9:;%=>$J"'()*A9&:(*"%"(/.9&a(*)B#".-%&;11*()A.&()/&S%+&2."%*$./3&e%&*-&.-%*?(%./&%5(%&!"#/CA%*#)&#B&-C-%(*)(,1.&A#A#(&'".F&B"#?&TT9777&%#)).-&*)&677\&%#&6XQ9777&%#)).-&*)&67Q79&".(A5*)'&"#C'51>&R3Rj&#B&'1#,(1&!"#/CA%*#)23M.&.-%*?(%.&%5(%&.^!#"%-&#B&-C-%(*)(,1.&A#A#(&5(@.&'"#F)&(%&(&kX8j&2;Ia&B"#?&677X&%#&67Q79&".(A5*)'&Q689777&?%&*)&67Q79&#"&[36j&#B&'1#,(1&.^!#"%-&X3&=5.&e)%.")(%*#)(1&:./."(%*#)&#B&J"'()*A&;'"*AC1%C".&0#@.?.)%&De:J;0E&()/&S=l&2."%*$./&(".&AC"".)%1>&%5.&1("'.-%&-C!!1*."-&#B&A."%*$./&-C-%(*)(,1.&A#A#(3
LAC is a leading producer of sustainable cocoa,& (AA#C)%*)'& B#"& [Tj& #B& '1#,(1&&&&&-C-%(*)(,1.&A#A#(&()/&TRj&#B&%5.&A."%*$./&#"'()*A&A#A#(&!"#/CA./&'1#,(11>[3
Commitments by major confectioners are likely to keep sustainable cocoa order books full. e)&%5.&F(G.&#B&%5.&M#"1/&2#A#(&:#C)/(%*#)K-&())#C)A.?.)%&#B& *%-& m<C-%(*)(,*1*%>& _"*)A*!1.-& ()/& I#(1-K& /C"*)'& VQ& 677\9& %5.& F#"1/K-& 1("'.-%& A5#A#1(%.&&&&&&&&&&&&&&&&A#)B.A%*#)."9&0("-&e)A3&())#C)A./&%5(%&*%&(*?-&%#&-#C"A.&Q77j&#B&*%-&A#A#(&B"#?&-C-%(*)(,1.&!"#/CA."-&,>&676753&W."-5.>]9&b"(B%&:##/-8&()/&H.-%1UT&(1-#&5(@.&-C-%(*)(,1.&A#A#(P-#C"A*)'&!"#'"(?-&#B&@(">*)'&/.'"..-9&F5*A5&-5#C1/&G..!&!"#/CA."-&#B&-C-%(*)(,1.&A#A#(&,C->&*)&%5.&?./*C?&%#&1#)'&%."?3
?#/&@$'"#$A.B)*)-(*$C#1&+,)-$(*2$D-&(2./$(/#$'"/##$-.&*'/)#%$'.$5('-"$8./$%&%'()*(+,#$1/.2&-').*$3.)*3$ 8./5(/23=5.&g#?*)*A()&a.!C,1*A& *-&#).&#B& %5.&1("'.-%&!"#/CA."-&#B&-C-%(*)(,1.&A#A#(&'1#,(11>9&F*%5&#@."&R7j&?("G.%&-5(".&*)&%5.&!"#/CA%*#)&#B&&J"'()*A&A#A#(\9&6Rj&?("G.%&-5(".&*)&%5.&!"#/CA%*#)&#B&:(*"%"(/.&A#A#(Q79&()/&Q[j&?("G.%&-5(".&*)&%5.&!"#/CA%*#)&#B&S=l&2."%*$./&A#A#(113&
Qn=5.&<%(%.&#B&<C-%(*)(,*1*%>&e)*%*(%*@.-&a.@*.F&67Q7o9&!!&\R9&ee<g9&67Q76&2(1AC1(%*#)-&,(-./&#)&/(%(&B"#?&%5.&="#!*A(1&2#??#/*%>&2#(1*%*#)K-&67Q7&2#A#(&Y("#?.%."9&S=l&2."%*$./&67QQ&;))C(1&a.!#"%9&:;J<%(%&#B&%5.&:;J&()/="(/.<%(%&#B&%5.&e=23&=5.-.&$'C".-&(/LC-%&B#"&?C1%*!1.&A."%*$A(%*#)-&C-*)'&(&B(A%#"&#B&73TR3X&2(1AC1(%*#)&?(/.&%(G.)&(-&(&".B.".)A.&%5(%&'1#,(1&.^!#"%&@#1C?.&#B&A#A#(&*)&67Q7&F(-&X97Q79T8X&?.%"*A&%#).-9&e=2P="(/.&0(!&*)&5%%!NppFFF3%"(/.?(!3#"'p2#C)%">q<.1_"#/CA%q=<3(-!^1
[&ng*-.r#&/.&1(&.-%"(%.'*(&/.&?.L#"(?*.)%#&/.&1(&A(/.)(&/.&@(1#"&n9&&_./"#&a(?s".+9&;-.-#"&IelR&5%%!NppFFF3?("-3A#?p'1#,(1p(,#C%P?("-p?("-P!*(p#C"P-C!!1>PA5(*)pA#A#(3(-!^]&5%%!NppFFF3!").F-F*".3A#?p).F-P".1.(-.-p5."-5.>PF*11P#BB."PA."%*$./PA5#A#1(%.PB#11#F*)'PA#)-C?."P/"*@.)PA(?!(*')PQXT[88QT[35%?18&5%%!Npp!5^3A#"!#"(%.P*"3).%p!5#.)*^3+5%?1tAuQ6\787v!u*"#1P).F-;"%*A1.veguQX[T[[Qv5*'51*'5%uT&5%%!NppFFF3A#"!#"(%.3).-%1.3A(p.)p2".(%*)'<5("./f(1C.p2(-.<%C/*.-p_('.-p=5.2#A#(_1()3(-!^\&67Q7&$'C".9&ng*-.r#&/.&1(&.-%"(%.'*(&/.&?.L#"(?*.)%#&/.&1(&A(/.)(&/.&@(1#"o9&&_./"#&a(?s".+9&;-.-#"&IelQ7&677T&$'C".9&n=5.&<%(%.&#B&<C-%(*)(,*1*%>&e)*%*(%*@.-&a.@*.F&67Q7o9&!!&Q779&ee<g9&67Q7QQ&67Q7pQQ&$'C".9&n67QQ&S=l&<C!!1>&()/&g.?()/&S!/(%.o9&S=l&2."%*$./9&67QQ
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade8
`.(/*)'&2#A#(&_"#/CA*)'&2#C)%"*.-&,>&f#1C?.&*)67Q7&D?.%"*A&%#).-E
2w%.&/Ke@#*". Q96[69X77
Indonesia TQ79Q77
I5()( ]X697X8
H*'."*( [689T77
Cameroon 6][9788
Y"(+*1 6XX96[T
4AC(/#" QX69Q77
=#'# Q7Q9R77
_(!C(&H.F&IC*).( R]9T77
g#?*)*A()&a.!C,1*A RX9777
Peru []9]QX
Colombia X\9RX[
0.^*A# 689Q8[
f.).+C.1( 6Q9X77
0(1(>-*( QT9X77
S'()/( QR9777
Sierra Leone Q[9777
India Q69X77
IC(%.?(1( Q79]77
0(/('(-A(" Q79777
?../$(--#%%$'.$4*(*-#$/#1/#%#*'%$.*#$.8$'"#$B.%'$%)3*)4-(*'$+(//)#/%$'.$'"#$3/.5'"$.8$%&%'()*(+,#$1/.2&-').*$)*$'"#$E(')*$FB#/)-(*$/#3).*3&;1%5#C'5&?("G.%& %".)/-& AC"".)%1>& B(@#"& -C-%(*)(,1>& !"#/CA./& A#A#(9& (AA#C)%*)'& B#"& [36&j&#B& '1#,(1&A#A#(&.^!#"%-&*)&67Q79&#)1>&R3Rj&#B&'1#,(1&A#A#(&F(-&-C-%(*)(,1>&!"#/CA./&*)&67Q73&`(AG&#B&*)@.-%?.)%&*)&%5.&-.A%#"&5(-&A".(%./&(&?(L#"&A#)-%"(*)%&*)&*%-&.^!()-*#)9&F5*A5&*-&(''"(@(%./&,>&(&A>A1.&#B&$)()A*(1&*)-%(,*1*%>&#B&A#A#(&!"#/CA."-&()/&F.(G&$)()A*(1&()/&(AA#C)%*)'&?()('.?.)%&!"(A%*A.-3&e)-CB$A*.)%&(AA.--&%#&$)()A.&?(*)%(*)-&-C,#!%*?(1&[email protected]&#B&!"#/CA%*@*%>9&!".@.)%*)'&,C-*).--&/[email protected]#!?.)%&()/&?("G.%&'"#F%53
G)3&/#$H>$E#(2)*3$I.-.($?/.2&-)*3$I.&*'/)#%$+6$9.,&B#$ <B#'/)-$ '.*#%=@$2010 13
Source: Elaborated using data retrieved from FAOStat
_."C&(1-#&5(-&&-*')*$A()%&!"#/CA%*#)&#B&J"'()*A&A#A#(9&()/&F5*1.&4AC(/#"&*-&AC"".)%1>&(&?*)*?(1&!1(>."&*)&%5*-&&&?("G.%9&*%&5(-&1#)'&.-%(,1*-5./&*%-.1B&(-&(&-!.A*(1*-%&*)&-C!!1>*)'&)*A5.&n$).&A#A#(o&?("G.%-&DF*%5&RTj&#B&'1#,(1&?("G.%&-5(".&B#"&$).&()/&("#?(%*A&A#A#(12E3&<C-%(*)(,1.&A#A#(&".!".-.)%-&(&G.>&-%"(%.'*A&&?("G.%&B#"&`(%*)&;?."*A()&A#A#(&!"#/CA."-&?#@*)'&B#"F("/3
Q6&nY".@.&/.-A"*!A*x)&/.&1(&A(/.)(&/.&A#A#(&n9&!!&69&_./"#&a(?s".+9&;-.-#"&IelQX&W*'51*'5%./&A#C)%"*.-&5(/&!"#/CA%*#)&@#1C?.-&#B&#@."&Q79777?%&*)&67Q7
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable TradeT
ee3&<C-%(*)(,1.&2#A#(&0("G.%-N&`;2K-&a#1.&*)&%5.&I1#,(1&<C-%(*)(,1.&2#A#(&4A#)#?>
M5*1.&%5.&'1#,(1&@#1C?.&#B&A#)@.)%*#)(1&A#A#(&.^!#"%-&5(-&/.A".(-./&,>&Q7j&#@."&%5.&1(-%-.@.)&>.("-9&/.?()/&B#"&-C-%(*)(,1.&A#A#(&5(-&-G>"#AG.%./&F*%5&.^!#"%&yC()%*%*.-&5*%%*)'&(&X8j&2#?!#C)/&;))C(1&I"#F%5&a(%.&D2;IaE&B"#?&677XP67Q7Q[3&M.&.^!.A%&%5*-&'"#F%5&*)&-C-%(*)(,1.&-#C"A*)'&%#&A#)%*)C.&(-&?(L#"&A#)B.A%*#)."-&()/&'"*)/."-&*)A".(-.&!("%*A*!(%*#)&*)& -C-%(*)(,*1*%>& *)*%*(%*@.-3&0(L#"&f<e-& %5(%& 5(@.& .?."'./&F*%5*)& %5.& A#A#(& -.A%#"& *)A1C/.N&a(*)B#".-%&;11*()A.&Da;E9&:(*"%"(/.&e)%.")(%*#)(1&D:`JE9&%5.&e)%.")(%*#)(1&:./."(%*#)&#B&J"'()*A&;'"*AC1%C".&0#@.?.)%&De:J;0E&()/&S=l&2."%*$./3
g*-%*)'C*-5*)'& yC(1*%*.-& #B& %5.& B#C"& ?#-%& *?!#"%()%& A."%*B>*)'& ,#/*.-& *)A1C/.N
z&C()*8./#%'$F,,)(*-#>&2."%*$.-&!"#/CA%-&()/&-."@*A.-&*)&('"*AC1%C".&Da(*)B#".-%&;11*()A.2."%*$./E9&B#".-%">&D:#".-%&<%.F("/-5*!&2#C)A*1&2."%*$./E&()/&%#C"*-?&Da(*)B#".-%&;11*()A.f."*$./E3& :#"& ('"*AC1%C"(1& A."%*$A(%*#)9& %5.& !"#/CA."&?C-%&?..%& -#A*(1& ()/& .)@*"#)?.)%(1-%()/("/-&-.%&,>&%5.&<C-%(*)(,1.&;'"*AC1%C".&H.%F#"G&D<;HE3&e)&677\9&#@."&8Rj&#B&a;K-&A#A#(A."%*$A(%*#)&@#1C?.&F(-&,(-./&*)&`;23&=5()G-&%#&()&*)A".(-.&*)&A."%*$A(%*#)-&*)&M.-%&;B"*A(()/&<#C%5&4(-%&;-*(&#@."&%5.&1(-%&%5"..&>.("-9&2w%.&/Ke@#*".9&I5()(9&e)/#).-*(&()/&=()+()*((".&)#F&%5.&1.(/."-&*)&a;&A#A#(&!"#/CA%*#)3&a(*)B#".-%&;11*()A.&*-&*)@#1@./&*)&%5.&-C-%(*)(,1.-#C"A*)'&!"#'"(?-&#B&-.@."(1&?(L#"&A#)B.A%*#)."-&*)A1C/*)'&0("-9&b"(B%&:##/-&()/&W."-5.>K-9F5*A5& 5(-& ).A.--*%(%./& ()& *)A".(-.& *)& A."%*$A(%*#)&F*%5*)& -#?.& #B& %5.&?#".&?(*)-%".(?!"#/CA*)'&A#C)%"*.-153
z&G()/'/(2#$;*'#/*(').*(,>&:(*"%"(/.&-%()/("/-9&-.%&,>&:(*"%"(/.&`(,.1*)'&J"'()*+(%*#)-e)%.")(%*#)(1& ()/& A."%*$./& ,>& :`JP24a=9& 5(@.& %5.& /*-%*)A%*@.& A5("(A%."*-%*A& #B& .)-C"*)'& ('C("()%../& :(*"%"(/.& ?*)*?C?& !"*A.& B#"& !"#/CA."-& ()/& (& !"*A.& !".?*C?3& :#"& *)-%()A.9*B& %5.& *)%.")(%*#)(1& ?("G.%& !"*A.& *-& (,#@.& %5.& :(*"%"(/.& ?*)*?C?9& (& !".?*C?& (,#@.& %5.AC"".)%&?("G.%&!"*A.&*-&(//./9&F5*A5&*-&%#&,.&C-./&B#"&-#A*(19&.A#)#?*A&()/&.)@*"#)?.)%(1/[email protected]#!?.)%3&;-&#B&677T9&"#C'51>&6pX&#B&:(*"%"(/.K-&(A%*@*%*.-&%##G&!1(A.& *)&;B"*A(9&F*%5&%5.remainder in Latin AmericaQ]3
z&J!K$I#/')4#2>&_"*?("*1>&(&A."%*$A(%*#)&B#"&-C-%(*)(,1>P'"#F)&A#BB..9&S=l&5(-&".A.)%1>DJA%#,."&6778E&?#@./&*)%#&A#A#(&(-&F.113&&;-&#B&67Q79&QRj&#B&S=l&A."%*$./&A#A#(&A(?.&B"#?%5.&g#?*)*A()&a.!C,1*A&()/&_."CQ83
Q[&2(1AC1(%./&B"#?&/(%(&".%"*.@./&B"#?&e)%.")(%*#)(1&="(/.&2.)%."&De=2EQR&_."-#)(1&A#??C)*A(%*#)&F*%5&4"*A&<."@(%9&B"#?&a(*)B#".-%&;11*()A.Q]&&n=5.&<%(%.&#B&<C-%(*)(,*1*%>&e)*%*(%*@.-&a.@*.F&67Q7o9&!!&Q7Q9&ee<g9&67Q7&Q8&S=l&67QQ&;))C(1&a.!#"%QT&ee<g&67Q7Q\&&ng*-.r#&/.&1(&.-%"(%.'*(&/.&?.L#"(?*.)%#&/.&1(&A(/.)(&/.&@(1#"o9&_./"#&a(?s".+9&;-.-#"&Iel
z$ ;GLFM>$J"'()*A& A."%*$A(%*#)& A()& ,.& A(""*./& #C%& ,>& 5C)/"./-& #B& %5*"/P!("%>& !"*@(%.#"'()*+(%*#)-& F#"1/F*/.3& e:J;0& F#"G-& %#& A."%*B>& *)/*@*/C(1& *)-%*%C%*#)-& %#& .)-C".& ()*)%.")(%*#)(1&#"'()*A&-%()/("/& *-&(%%(*)./3&J"'()*A&A."%*$./&A#A#(& *-&%5.&?#-%&C,*yC*%#C-1>.^!#"%./& #B& %5.& B#C"& -%()/("/-& #)& (& '1#,(1& -A(1.QT3&;-& #B& 67Q79& TRj& #B& A."%*$./& #"'()*AA#A#(&F(-&!"*?("*1>&!"#/CA./&*)&`;2&A#C)%"*.-9&)#%(,1>&%5.&g#?*)*A()&a.!C,1*A9&_."C&()/4AC(/#"Q\3
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade\
M5*1.&%5.&'1#,(1&@#1C?.&#B&A#)@.)%*#)(1&A#A#(&.^!#"%-&5(-&/.A".(-./&,>&Q7j&#@."&%5.&1(-%&-.@.)&>.("-9&/.?()/&B#"&-C-%(*)(,1.&A#A#(&5(-&-G>"#AG.%./&F*%5&.^!#"%&yC()%*%*.-&5*%%*)'&(&X8j&2#?!#C)/&;))C(1&
I"#F%5&a(%.&D2;IaE&B"#?&677XP67Q73
Source: Tropical Commodity Coalition (TCC) 2010 Cocoa Barometer; UTZ Annual Reports 2010-2011; Personal
communication with Eric Cervat, Rainforest Alliance (June 2012).
!"#$%&'())&*+#+&,"-&.+/-#-+*$&+0*&1-2+0/3&+-$&40+5+/6+76$&78	$&#/:$	/;&-$<"-#&=+;&>0+6/?$*@
G)3&/#$N>$NOOP$Q$NOHH$R,.+(,$:&%'()*(+,6$I#/')4#2$I.-.($?/.2&-').*
!"
#!$!!!"
%!!$!!!"
%#!$!!!"
&!!$!!!"
&#!$!!!"
Fairtrade Organic Rainforest Alliance UTZ
Volu
me
(MT)
2009 Production 2010 Production 2011 Production
Production Growth CAGR Fairtrade: 23% Organic: 113% Rainforest Alliance: 219% UTZ: 530%
Sustainable Cocoa Production Volumes by Certification Body, 2009-2011
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable TradeQ7
=5.&*)%.")(%*#)(1&-C-%(*)(,*1*%>&-%()/("/-&#!."(%*)'&*)&%5.&A#A#(&-.A%#"&5(@.&?(/.&-*')*$A()%5.(/F(>& ".A.)%1>& %5"#C'5& (& )C?,."& #B& -%"(%.'*A& !("%)."-5*!-& F*%5& ?(L#"& A#)B.A%*#)."-3
<!.A*$A& -#C"A*)'& !("%)."-5*!-& ,.%F..)& A."%*B>*)'& ,#/*.-& ()/& A#)B.A%*#)."-& *)A1C/.N
z&a(*)B#".-%&;11*()A.&!("%)."-5*!&F*%5&?(L#"&A5#A#1(%.&A#)B.A%*#)."&0("-&e)A39&-C-%(*)(,*1*%>&F*%5& %5.& #,L.A%*@.& #B& -#C"A*)'& Q77j& -C-%(*)(,1.& A#A#(& ,>& 6767673& 0("-& e)A3& *-& %5.-.A#)/& 1("'.-%& A5#A#1(%.& A#)B.A%*#)."& ,>& ).%& -(1.-& @(1C.9& ).^%& %#& b"(B%9& F5*A5& #F)-,"()/-& -CA5& (-& 2(/,C">9& I"..)& ()/& Y1(AGK-& ()/& 2w%.& gKJ"& D:*'C".& XE3&=5.& a(*)B#".-%;11*()A.P0("-& !("%)."-5*!& ?(>& ".-C1%& *)& Q779777?%& #B& A."%*$./& A#A#(& !"#/CA./())C(11>9& F5*A5& *-& ).("1>& .yC(1& %#& %5.& %#%(1& (?#C)%& #B& A."%*$./& -C-%(*)(,1.& A#A#(!C"A5(-./&*)&67Q73
z& <*?*1("& %#& a(*)B#".-%&;11*()A.K-& -#C"A*)'& '#(1-9& :.""."#& I"#C!& (*?-& %#& -#C"A.& Q77j& #B*%-&A#A#(&B"#?&-C-%(*)(,1.&-#C"A.-&,>&6767&(-&F.11213
z& b"(B%& :##/-& 5(-& A#??*%%./& %#& -#C"A*)'& X79777?%& #B& *%-& A#A#(& B"#?& a(*)B#".-%;11*()A.& A."%*$./& !"#/CA."-& *)& 67Q6223& =5*-& F#C1/& ".!".-.)%& ()& *)A".(-.& #B& Q7& %*?.-%5.&677\&[email protected]
67&5%%!NppFFF3?("-3A#?p'1#,(1p(,#C%P?("-p?("-P!*(p#C"P-C!!1>PA5(*)pA#A#(3(-!^6Q&5%%!NppFFF3B.""."#3A(p-#A*(1P".-!#)-*,*1*%>p677\P67Q7p66&5%%!Npp!5^3A#"!#"(%.P*"3).%p!5#.)*^3+5%?1tAuQ6\787v!u*"#1P).F-;"%*A1.veguQX[T[[Qv5*'51*'5%u6X&5%%!NppFFF3!").F-F*".3A#?p).F-P".1.(-.-p5."-5.>PF*11P#BB."PA."%*$./PA5#A#1(%.PB#11#F*)'PA#)-C?."P/"*@.)PA(?!(*')PQXT[88QT[35%?1
z& Y>& >.("P.)/& 67Q69& W."-5.>K-& D%5.& $B%5& 1("'.-%& A#)B.A%*#)."& ,>& ).%& -(1.-& *)& 67QQ9:*'C".& XE& 5#!.-& %#& -#C"A.& Q77j& #B& %5.& A#A#(& C-./& *)& %5.& A#?!()>K-& Y1*--& !"#/CA%-B"#?&a(*)B#".-%&;11*()A.&A."%*$./&A#A#(6X3
<C-%(*)(,*1*%>&A#??*%?.)%-&(".&?()>&%*?.-&5*'5."&%5()&&AC"".)%&-C-%(*)(,1.&!"#/CA%*#)&@#1C?.-9&F5*A5&-5#C1/&G..!&-C!!1>p/.?()/&
/>)(?*A&%*'5%&'#*)'&B#"F("/
e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
I"#F%5&*)&-C-%(*)(,1.&A#A#(&?("G.%-&".!".-.)%-&(&?(L#"&#!!#"%C)*%>&B#"&`;2&!"#/CA%*#)9&(&".'*#)&%5(%&5(-&5*-%#"*A(11>&!1(>./&(&1.(/."-5*!&"#1.&*)&%5.&-C-%(*)(,1.&A#A#(&*)/C-%">&D:*'C".&[E3
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade11
!"#$%&''()%*+,%-./01%234%
5#")%*+,%-./01%224%
67)89:%/0%-/;<8=7"9#+(1%>?4%
&7""7"'%@"'AB%-*8#9C1%>D4%
E7")F7C%&''()%G'"B%-./01%H4%
GF','9#(7I#J"<K7+%L<+(8%M%/B"N+O9<%0@%
-/;<8=7"9#+(1%P4%
0AOA)8%/8'",K%!@%-@7"Q#+C1%
D4%
R<9(<=%E'9(<+O%-SA"K7C1%D4%
57<T<%G'%-U#B#+1%24%
0",'"%@"'AB%-0"O7+V+#1%
24%
G)3&/#$S>$NOHH$I.*8#-').*#/T%$M(/U#'$:"(/#$+6$V#'$I.*8#-').*(/6$:(,#%24
b"(B%& :##/-9& F5*A5& #F)-&A#)B.A%*#)."-& 2(/,C">& ()/&H(,*-A#& A#)B.A%*#)."& F*%5&(1?#-%& S<{67& ,*11*#)& *)&A#)B.A%*#)(">&-(1.-&*)&67QQ3
0("-&e)A39&H.-%1.9&:.""."#&I"#C!&()/&W."-5.>& :##/&2#"!& B#11#F&as part of the top 5 cocoa
A#)B.A%*#)."-&,>&-(1.-&@(1C.&F*%5&kS<{Q]& ,*11*#)& kS<{QX& ,*11*#)&kS<{Q7& ,*11*#)& ()/& kS<{]&,*11*#)&*)&).%&A#)B.A%*#)(">&-(1.-&".-!.A%*@.1>&*)&67QQ3
A"4-3$%&BCC1&DB0#$-0+#/"0+6&C"3"+&1-2+0/?+#/"0E
G)3&/#$W>$R/.5'"$C('#$X$I.-.($?/.2&-').*$25
Source: FAST, FAO
6[&5%%!NppFFF3*AA#3#"'p(,#C%pA5#A#1(%.3(-!^25 Calculations made from data retrieved from FAOStat
6]&2(1AC1(%./&(-&RRj&#B&.-%*?(%./&!"#/CA%*#)&@#1C?.-68&n=5.&<%(%.&#B&<C-%(*)(,*1*%>&e)*%*(%*@.-&a.@*.F&67Q7o&!!&\R9&ee<g9&67Q7
e)&%5.&-.@.)&>.("-&,.%F..)&677X&()/&67Q79&-C-%(*)(,1.&A#A#(&.^!#"%-&5(@.&'"#F)&(%&(&'"#F%5&(%&(&X8j&2;Ia9&".(A5*)'&kQ689777?%&*)&67Q76]9&C!&B"#?&kQX9777?%&*)&677X683&e)&A#)%"(-%9&'1#,(1&.^!#"%-&B"#?&Q\\7&%#&67Q7&5(@.&()&(@."('.&2;Ia&#B&63]j9&-C''.-%*)'&%5(%&%5.".&*-&-*')*$A()%1>&?#".&"##?&B#"&`;2&!"#/CA."-&%#&,.).$%&B"#?&-C-%(*)(,1.&?("G.%-3
-40%
-20%
0%
20%
40%
60%
80%
100%
1990 1991
1992 1993
1994 1995
1996 1997
1998 1999
2000 2001
2002 2003
2004 2005
2006 2007
2008 2009
World Africa Latin America Central Caribbean South America
CAGRs: World: 2.6% Central America: -1.3% Africa: 3.0% Caribbean: 0.8% LatAm: 0.3% South America: 0.4%
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade12
4^!#"%&'"#F%5&F.(G&*)&A#)@.)%*#)(1&-.A%#"9&,C%&-C-%(*)(,1.&&&?("G.%-&5(@.&-5#F)&?(--*@.&'"#F%5
<C-%(*)(,1.&A#A#(&A()&A#??()/&-*')*$A()%&!"*A.&!".?*C?-&D@(">*)'&,>&A."%*$A(%*#)9&A#C)%">&()/&5("@.-%*)'&>.("E9&F5*A5&?(>&*?!(A%&%5.&#@."(11&.^!#"%&@(1C.-&(%&%5.&)(%*#)(1&()/&".'*#)(1&levels6T& D:*'C".& RE3& `;2K-& 1.(/."-5*!& *)& %5.& -C!!1>& #B& -C-%(*)(,1.& A#A#(& 5(-& 5(/& *?!#"%()%&*?!1*A(%*#)-& B#"& `;2K-& #@."(11& .^!#"%& @(1C.& ,.A(C-.& %5.& 5*'5& !".?*C?-& (--#A*(%./& F*%5&A."%*$./&A#A#(&,##-%&`;2K-&(''".'(%.&A#A#(&.^!#"%&@(1C.3&=5.&'"#F%5&"(%.&#B&`;2K-&A#A#(&.^!#"%&@(1C.&5(-&#C%!(A./&%5(%&#B&;B"*A(9&()/&%5.&F#"1/9&*)&B#C"&#B&%5.&1(-%&$@.&>.("-&#)&".A#"/9&5*%%*)'&RRj&'"#F%5&*)&677\&D:*'C".&]E3&;!!.)/*^&e&!"#@*/.-&(&'.)."*A&#@."@*.F&#B&%5.&A#A#(&?("G.%&!"*A.&%".)/-&#@."&%5.&1(-%&%F.)%>&>.("-3
6T&2(1AC1(%*#)-&?(/.&B"#?&/(%(&A#?!*1./&,>&ee<g&*)&*%-&67Q7&<<e9&(-&F.11&(-&/(%(&B"#?&:;J<%(%
G)3&/#$Y>$Z#(/$.7#/$Z#(/$D01./'$9(,&#$R/.5'"$C('#%@$HPPHQNOOP
Source: FAST, FAO
G)3&/#$[>$Z#(/$.7#/$Z#(/$?/.2&-').*$\&(*')'6$R/.5'"$C('#%@$HPPHQNOOP
Source: FAST, FAO
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
1991 1992
1993 1994
1995 1996
1997 1998
1999 2000
2001 2002
2003 2004
2005 2006
2007 2008
2009
World Africa Latin America
-40%
-20%
0%
20%
40%
60%
1991 1992
1993 1994
1995 1996
1997 1998
1999 2000
2001 2002
2003 2004
2005 2006
2007 2008
2009
World Africa Latin America
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable TradeQX
eee3&<C-%(*)(,1.&2#A#(&0("G.%-&*)&`;2N&H(%*#)(1&Trends and Opportunities
=#%(1& `;2&A#A#(&!"#/CA%*#)& *)& 67Q7&F(-&]779777?%3&=5.&67Q7&!"#/CA%*#)& [email protected]& (".& %5.".-C1%& #B& (& k67j& *)A".(-.& *)& !"#/CA%*#)&#@."& %5.& 1(-%& /.A(/.3&=5.& ".A.)%& %".)/& *)& A#A#(!"#/CA%*#)& '"#F%5& *-& *)& !("%& (& ".-!#)-.& %#& ()&#@."(11& *)A".(-.& *)& /.?()/& B#"& A#A#(9& ,C%(1-#&".!".-.)%-&()&*)A".(-.&*)&?("G.%-&B#"&-C-%(*)(,1.&()/&-!.A*(1%>&A#A#(-9&B#"&F5*A5&`;25(-& ,..)& (& /#?*)()%& -C!!1*."3& Y"(+*1& 5(-& 1#-%& *%-& !#-*%*#)& (-& %5.& ".'*#)K-& ?#-%& /#?*)()%-C!!1*."&#B&A#A#(&/C.&%#&()&*)A".(-.&*)&)*A5.&!"#/CA%&?("G.%-3&e)&B(A%9&Y"(+*1&!"#/CA./&]7j#B&`;2&A#A#(& *)& %5.&Q\T7K-9&,C%&#)1>&(AA#C)%& B#"&[7j&#B&!"#/CA%*#)& %#/(>3&4AC(/#"9&_."C()/&%5.&g#?*)*A()&a.!C,1*A&5(@.&(11&.^!()/./&%5.*"&-5(".&#B&%5.&A#A#(&!"#/CA%*#)&?("G.%3D:*'C".&8E6\3
G)3&/#$]>$!.'(,$EFI$?/.2&-').*$<B'=$7%^$C#3).*(,$M(/U#'$:"(/#@$HP_OQNOHO
`;2K-&A#A#(&!"#/CA%*#)&C!&#@."&%5.&1(-%&/.A(/.&(B%."&(&&&&&&&&&&&&&&&&&&&&&&&&&-%.(/>pF.(G.)*)'&?("G.%&/C"*)'&%5.&!".@*#C-&67&>.("-
6\&2(1AC1(%*#)-&,(-./&#)&/(%(&".%"*.@./&B"#?&:;J<%(%
Source: FAST, FAO
Y"(+*19&4AC(/#"9&_."C&()/&%5.&g#?*)*A()&a.!C,1*A&D()/&%#&(&1.--."&.^%.)%&2#1#?,*(E&(".&̀ ;2K-&1("'.-%&A#A#(&!"#/CA."-9&()/&!"#/CA./&T]j&#B&%5.&.)%*".&".'*#)-&A#A#(&!"#/CA%&*)&67Q73&M*%5&%5.&?#-%&/[email protected]#!./&A#A#(&-C!!1>&A5(*)-&#)&%5.&A#)%*).)%9&%5.-.&`(%*)&;?."*A()&A#C)%"*.-&(".&G)#F)&B#"&%5.*"&5*'5PyC(1*%>&A"*#11#&A#A#(&,.()-&D(-&#!!#-./&%#&M.-%&;B"*A(K-&!"#/CA%*#)&#B&,C1G&B#"(-%."#&,.()-E3&<..&;!!.)/*^&ee&B#"&()&#@."@*.F&#B&A#A#(&,.()&@("*.%*.-&()/&;!!.)/*^&eee&B#"&BC"%5."&*)B#"?(%*#)&#)&%5.&!"#/CA%*#)&A>A1.&()/&A5(*)&-%('.-.
-40%
-20%
0%
20%
40%
60%
80%
100%
1990 1991
1992 1993
1994 1995
1996 1997
1998 1999
2000 2001
2002 2003
2004 2005
2006 2007
2008 2009
World Africa Latin America Central Caribbean South America
CAGRs: World: 2.6% Central America: -1.3% Africa: 3.0% Caribbean: 0.8% LatAm: 0.3% South America: 0.4%
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable TradeQ[
M5*1.&̀ ;2K-&A#A#(&.^!#"%&@(1C.-&5(@.&-5#F)&A#)-*-%.)%&'"#F%5&#@."&%5.&!(-%&/.A(/.9&?("G.%&.^!()-*#)&5(-&,..)&A#)-%"(*)./&,>&(&)C?,."&#B&".?./*(,1.&B(A%#"-&%5(%&%.)/&%#&!1('C.&`;2K-&A#A#(&!"#/CA."-3&<#?.&G.>&*--C.-&5(@.&,..)&,"#(/1>&-C??("*+./&*)&:*'C".&T9&F5*1.&Y#^&Q&*)A1C/.-&(&<MJ=&()(1>-*-&#B&%5.&`;2&m-&-C-%(*)(,1.&A#A#(&-.A%#"3
2#C)%"*.-&F*%5&%5.&?#-%&/[email protected]#!./&-C!!1>&A5(*)-&F*11&,.&%5.&?#-%&probable to transition to sustainable production practices
G)3&/#$_>$;%%&#%$F88#-')*3$?/.2&-').*$(*2$M(/U#'$D01(*%).*
=5.&B#11#F*)'&*--C.-&5(@.&!."-*-%./&*)&-.@."(1&'.#'"(!5*A&(".(-9&5#F.@."&.(A5&!"#/CA*)'&A#C)%">&5(-&,..)&(BB.A%./&/*BB.".)%1>3& :*)()A*(1& *)-%(,*1*%>&#B& <04-9& 1#F&!"#/CA%*#)& ()/&!"#/CA%*@*%>&[email protected]&()/&F.(G&$)()A*(1&()/&(AA#C)%*)'&?()('.?.)%&!"(A%*A.-&%.)/&%#&,.&%5.&"##%&A(C-.&#B&?()>&#B&%5.&*--C.-&(BB.A%*)'&`(%*)&;?."*A(K-&!"#/CA*)'&".'*#)-3
g.%(*1-& #B& %5.& -!.A*$A&?("G.%& .)@*"#)?.)%9& -C!!1>& A5(*)& ()/& $)()A*)'& -*%C(%*#)-& B#"& .(A5&*)/*@*/C(1&A#C)%">&5(@.&,..)&#C%1*)./&*)&%5.&).^%&-.A%*#)3
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade15
`.0$H>$:aL!$F*(,6%)%>$EFIT%$:&%'()*(+,#$I.-.($:#-'./
<=a4HI=W<
z&_"#!.)-*%>&B#"&'"#F%5&#B&yC(1*%>&A"*#11#&,.()-z&;1".(/>&F#"1/&1.(/."-&*)&-C-%(*)(,1.&()/&$).&A#A#(&production
z&=5.&?(L#"&A#)B.A%*#)."-&&(".&&-#C"A*)'&-C-%(*)(,1.&cocoa beans from LAC and are committed to
.^!()/&%5.*"&@#1C?.-&*)&%5.&A#?*)'&>.("-z&4AC(/#"9&_."C9&ga&()/&%#&(&1.--."&.^%.)%&2#-%(&a*A(N&<C!!1>&A5(*)-&F.11&/[email protected]#!./&F*%5&".A.)%&&'"#F%5&*)&export levels
M4;bH4<<4<
z& <.A%#"& 1(AG-& -5#"%& ()/& 1#)'& %."?& $)()A*)'& B#"&?("G.%& '"#F%59& *)A".(-.& !"#/CA%*#)& @#1C?.-9&!"#/CA%*@*%>&()/&yC(1*%>&*?!"#@.?.)%3z&0("G.%&%"()-!(".)A>z&e)B#"?(%*#)&(->?.%"*.-N&1#A(1&$)()A*(1&*)-%*%C%*#)-&(".&#B%.)%*?.-&C)*)B#"?./&(,#C%&%5.&&?("G.%&-.A%#"&!#%.)%*(1&()/&!."B#"?()A.9&-!.A*(11>&B#"&&-C-%(*)(,1.&cocoa value chains
z& :*)()A*(1& 1*%."(A>N& !"#/CA."-|& #"'()*+(%*#)-& 5(@.&1("'.1>&F.(G&$)()A*(1&()/&(AA#C)%*)'&?()('.?.)%&practices
z& e)B#"?(1*%>& #B& & -(1.-& A#)%"(A%-& (1#)'& %5.& -C!!1>&chain
J__Ja=SHe=e4<
z&<C-%(*)(,1.&?("G.%&!#*-./&B#"&.)#"?#C-&'"#F%59&AC"".)%1>&(&B"(A%*#)&#B&%#%(1&?("G.%z&0("G.%& '"#F%5& &#!.)-& C!& & %5.&#!!#"%C)*%>& B#"&A(!*%(1& O#F& (-& AC"".)%& A#)/*%*#)-& "./CA.-& "*-G&perception
z&0()>&!"#/CA."-&(".&(1".(/>&(!!1>*)'&-C-%(*)(,1.&!"(A%*A.-9&,C%&LC-%&1(AG*)'&A."%*$A(%*#)z&;/#!%*#)&#B& A1*?(%.&?*%*'(%*#)& -%"(%.'*.-& *)& %5.&!"#/CA%*#)&A>A1.&(1#)'&%5.&&-C!!1>&A5(*)
=Wa4;=<
z& H(%C"(1& /*-(-%."-N& A1*?(%.& A5()'.& *?!(A%-& *)&!"#/CA%*#)&&()/&yC(1*%>&[email protected]&2#A#(&?("G.%&-#?.%*?.-&-CBB."-&B"#?&F*1/&!"*A.&OCA%C(%*#)-z& g.!.)/.)A>& #)& H#"%5.")& ?("G.%-& ()/& %5.*"&!."B#"?()A.9&-%*11&)(%*#)(1&()/&".'*#)(1&A#)-C?!%*#)&[email protected]&(".&)#%&%5(%&5*'5&%#&/"*@.&%5.&?("G.%
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable TradeQ]
2C"".)%&0("G.%&4AC(/#"&AC"".)%1>&5#1/-&kRTj&#B&'1#,(1&?("G.%&-5(".&B#"&$).&A#A#(9&'.)."(11>&!"#/CA./&B"#?&%5.&A#C)%">K-&)(A*#)(1&A#A#(&@("*.%>3&e)&%5.&!(-%&/.A(/.9&!"#/CA%*#)&@#1C?.-&5(@.&,..)&,##-%./&,>&!#-*%*@.&?("G.%&'"#F%5&#B&%5.&A#C)%">K-&)*A5.&A#A#(&!"#/CA%-}&/("G&()/&$).&A5#A#1(%.-3&0("G.%&%".)/-&5(@.&,..)&!#-*%*@.&B#"&/("G&A5#A#1(%.9&F5*A5&5(-&G)#F)&5.(1%5&,.).$%-& ()/& *-& @*.F./&,>&?()>& (-& (&?#".& 1C^C"*#C-&#!%*#)& %5()& *%-& 1*'5%."& A#C-*)3&=5.&/.?()/& B#"&4AC(/#"*()& A#A#(& *-& *)A".(-*)'& (%& (& !(A.& B(-%."& %5()&)(%*#)(1& !"#/CA%*#)&[email protected]&=5.".&*-&(&-*')*$A()%&#!!#"%C)*%>&B#"&'"#F%5&*)&".'*#)(1&A#A#(&!"#/CA%*#)&*)&4AC(/#"&*B&%5.&"*'5%&A(!(A*%>&,C*1/*)'&()/&*)@.-%?.)%&-%"(%.'*.-&(".&C-./3&<%"#)'."&A#??."A*(1*+(%*#)&-%"(%.'*.-& F*11& (1-#& ,.& ".yC*"./& %#& BC11>& ,.).$%& B"#?& AC"".)%& ?("G.%& #!!#"%C)*%*.-3
;3&42S;gJa
<C!!1>& 25(*)& ()/& 0("G.%-&=5.& -C!!1>& A5(*)& *)& 4AC(/#"& *-& ".1(%*@.1>& F.11& /[email protected]#!./& *)4AC(/#"3&a.'C1("&AC-%#?."-&DF5.%5."&A##!."(%*@.-9&%"(/."-&#"&.^!#"%."-E&'.)."(11>&).'#%*(%.!C"A5(-.& yC()%*%*.-& F.11& *)& (/@()A.3& =5.".& (".& -.@."(1& ".!#"%./& A(-.-& #B& ?./*C?p1#)'%."?-&A#)%"(A%-&%5(%&(".&AC"".)%1>&,.*)'&).'#%*(%./&F*%5&?(L#"&*)%.")(%*#)(1&A#A#(&!1(>."-3JB& (!!"#^*?(%.1>& Q779777& !"#/CA*)'& B(?*1*.-& *)& %5.& A#C)%">9& "#C'51>& Q\j& (".& ?.?,."-#B& A##!."(%*@.-3&=5.-.& A##!."(%*@.-& '.)."(11>& -.11& %#& #).& #B& %5.& XT& .^!#"%*)'&?.?,."-X7
#B&;H42;2;J&D;-#A*(A*x)&H(A*#)(1&/.&4^!#"%(/#".-&/.&2(A(#EXQ9&#"&/*".A%1>&%#&(&?(L#"?()CB(A%C"."&#"&'"*)/."&D2("'*119&H.-%1.9&Y("">&2(11.,(C%9&.%A3E3e)/*@*/C(1&!"#/CA."-9&#"&%5#-.&F5#&(".&)#%&?.?,."-&#B&()>&A##!."(%*@.9&'.)."(11>&-.11&%#&1#A(1&%"(/."-3&e)&%5*-&A(-.9&%5.&!"#/CA%&?(>&!(--&%5"#C'5&C!&%#&.*'5%&/*BB.".)%&%"(/."-&,.B#".&".(A5*)'&(&?.?,."&#B&;H42;2;J3
;AA#"/*)'&%#&#"'()*+(%*#)-&*)@#1@./&*)&4AC(/#"K-&A#A#(&?("G.%9&(!!"#^*?(%.1>&QRj&%#&67j&#B&%5.&A#A#(&!"#/CA./&*)&4AC(/#"&*-&A."%*$./&C)/."&#).&#"&?#".&#B&%5.&B#C"&?(*)&f<eK-N&J"'()*A&2."%*$A(%*#)9&:(*"&="(/.9&S=l&2."%*$./9&()/&a(*)B#".-%&;11*()A.&%#&(&1.--."&.^%.)%3
4AC(/#"&*-&%5.&F#"1/&1.(/."&*)&!"#/CA%*#)&#B&&$).&()/&("#?(%*A&A#A#(
X7&;&BC11&1*-%&#B&;H42;2;JK-&?.?,."-&A()&,.&B#C)/&#)&%5.*"&F.,!('.N&5%%!NppFFF3().A#A#(3A#?p*)/.^3!5!p.-p-#A*#-P/.P().A#A#(35%?1XQ&`.(/*)'&.^!#"%*)'&A#?!()*.-&#B&;H42;2;J&(".N&="()-?("&2#??#/*%>&I"#C!&#B&4AC(/#"&<3;39&;"?(L("#)&4AC(/#"9&4AC(/#"&2#A#(&v&2#BB..&4AC(A#BB..&<3;39&e??#,*1*("*(&IC()'(1(&<3;3&:#"&?#".&*)B#"?(%*#)9&!1.(-.9&(AA.--&;H42;2;J&F.,-*%.N&FFF3().A(A(#3#"'
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable TradeQ8
:*)()A*)'& g*-AC--*#)-& F*%5& -%(G.5#1/."-& B#C)/& %5(%& %5.& F#"G*)'& A(!*%(1& ()/& #%5."& !".P$)()A*)'&)../-&#B&!"#/CA."-&(".&?#-%1>&5()/1./&/*".A%1>&,>&!C"A5(-."-3&2##!."(%*@.-&#B%.)&5(@.&/*B$AC1%>&#,%(*)*)'&%5.&!".$)()A*)'&).././&%#&!C"A5(-.&!".@*#C-1>&).'#%*(%./&(?#C)%-&#B& & & A#A#(3& &;AA.--& %#& %"(/.&$)()A*)'& *-&#).&#B& %5.&,*''.-%& A5(11.)'.-& *)&4AC(/#"K-& A#A#(&-C!!1>& A5(*)3& `*?*%./& (AA.--& %#& %"(/.& ()/& *)B"(-%"CA%C".& $)()A.& 5(-& ".-C1%./& *)& "./CA./&#@."(11&!"#/CA%*@*%>&()/&".!".-.)%-&(&-*')*$A()%&#,-%(A1.&%#&BC11>& 1.@."('*)'&AC"".)%&?("G.%&#!!#"%C)*%*.-3
4AC(/#".()& A#A#(& <04-& (".& A5("(A%."*+./& ,>& 1#F& $^./& (--.%-& ()/& (& 5.(@>& ".1*()A.& #)&A#)%"(A%-&(-&A#11(%."(1&B#"&$)()A*)'9&F5*A5&%>!*A(11>&*)A".(-.-&%5.&(@."('.&*)%.".-%&"(%.-&%5(%&?C-%&,.&!(*/3&e)-CB$A*.)%&/#AC?.)%(%*#)&#B&$)()A*(1&".A#"/-&()/&F.(G&$)()A*(1&()/&(AA#C)%*)'&?()('.?.)%&!"(A%*A.-&(".&(1-#&".!#"%./&(-&,.*)'&(?#)'&%5.&,*''.-%&5*)/"()A.-&%#&(AA.--*)'&$)()A.&,>&4AC(/#"*()&!"#/CA."-3
`.0$N>$A#4*)').*$.8$b#6$G)*(*-)(,$!#/B%
M#"G*)'&A(!*%(1N&=5.&(?#C)%&#B&A(!*%(1&".yC*"./&%#&A("">&#)&(&,C-*).--9&B#"&*)-%()A.9&%#&5*".&.?!1#>..-&#"&-.(-#)(1&F#"GB#"A.}&%#&!C"A5(-.&*)!C%-&()/&%#&A#@."&$^./&A#-%3
="(/.& $)()A.N =5.& $)()A*(1& %"()-(A%*#)-& ()/& A(!*%(1& ".yC*".?.)%-& *)@#1@./& *)& $)()A*)'&*)%.")(%*#)(1&%"(/.&D.^!#"%-&()/&*?!#"%-E3
e)B"(-%"CA%C".&$)()A.N&=5.&(?#C)%&#B&A(!*%(1&".yC*"./&%#&*)@.-%&*)&@(1C.&(//./&()/&-%"(%.'*A&A#?!.%*%*@.&(/@()%('.&B#"&%5.&,C-*).--}&B#"&*)-%()A.9&%#&*)@.-%&*)&!5>-*A(1&(--.%-9&.yC*!?.)%9&,C-*).--& /[email protected]#!?.)%& ()/&?("G.%& '"#F%5&!"#A.--.-3& e%& *-& )#"?(11>& ".1(%./& %#& 1#)'P%."?&$)()A.9&F5*A5&*-&.^%.)/./&%#&(&%."?&#B&'".(%."&%5()&(&>.("3
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable TradeQT
Y3&_4aS
_"#/CA%*#)&%".)/-&?#@*)'&B"#?&,C1G&%#&$).&A#A#(&!"#/CA%*#)
_."C&*-&(1-#&)#%(,1.&B#"&%5.*"&".1(%*@.1>&-?(11&,C%&(A%*@.&%"()-B#"?(%*#)&*)/C-%">3&̀ (&2##!."(%*@(&e)/C-%"*(1&/.&H("()L*11#9&B#"&.^(?!1.9&#F)-&.yC*!?.)%&%#&%"()-B#"?&A#A#(&,.()-&*)%#&A#A#(&!#F/."&()/&1*yC#"9&F5*A5&(".&,#%5&@(1C.P(//./&!"#/CA%-3&_C,1*A&()/&!"*@(%.&#"'()*+(%*#)-&(".&F#"G*)'&%#&!"#?#%.&()&*)A".(-.&*)&)(%*#)(1&A#)-C?!%*#)&#B&A5#A#1(%.9&(-&(&A#".&/"*@."&B#"&/[email protected]#!*)'&@(1C.P(//./&1#A(1&-C!!1>&A5(*)-&()/&*)A".(-*)'&?("G.%&-5(".3
<C!!1>&25(*)&()/&0("G.%-&a#C'51>&X7j&%#&[7j&#B&_."CK-&67P669777&!"#/CA."-&(".&#"'()*+./&*)%#&A##!."(%*@.-3&=5.&".?(*)*)'&]7j&%#&87j&#B&!"#/CA."-&-.11&%5.*"&!"#/CA%&%#&1#A(1&%"(/."-9&F5#&%5.)&-.11&%#&1("'.&*)%.")(%*#)(1&.^!#"%."-3&=5.&?("G.%&-5(".&#B&G.>&.^!#"%."-&*-&-5#F)&*)&:*'C".&\3
JB&%5.&!"#/CA."-&F5#&(".&#"'()*+./&*)%#&A##!."(%*@.-9&"#C'51>&]7j&,.1#)'&%#&%5.&;-#A*(A*x)&_."C()(&/.&_"#/CA%#".-&/.&2(A(#&D;__2;2;JE3&&;__2;2;J&*-&#).&#B&%5.&1.(/*)'&*)-%*%C%*#)-&F#"G*)'&%#&*?!"#@.&%5.&[email protected]&#B&#"'()*+(%*#)&()/&1.(/."-5*!&#B&A##!."(%*@.-&*)&%5.&A#C)%">9&(-&F.11&(-&!"#?#%*)'&,C-*).--&()/&!"#/CA%&yC(1*%>&/[email protected]#!?.)%&-."@*A.-&%#&%5.*"&(B$1*(%.-3
X6&e)%.")(%*#)(1&="(/.&2.)%."&De=2E&h="(/.&0(!N&5%%!NppFFF3%"(/.?(!3#"'
2C"".)%&0("G.%& _."C& *-& %5.& -.A#)/& 1("'.-%& !"#/CA."& #B& A."%*$./& A#A#(& *)& `(%*)&;?."*A(9&F*%5& ()& ())C(1& .^!#"%& @(1C.& #B& RQj& #B& `(%*)&;?."*A()& A#A#(& .^!#"%-& B"#?& 6778P67QQX63&&=5.&_."C@*()&A#A#(&?("G.%&5(-&%"(/*%*#)(11>&!"#/CA./&(&".1(%*@.1>&1#FPA#-%9&,C1GPC-.&A#A#(&,.()9&.-!.A*(11>&-*)A.&%5.&*)%"#/CA%*#)&#B&%5.&5*'5P>*.1/*)'&5>,"*/&?#/*$./&AARQ&@("*.%>3&<*)A.&?("G.%&%".)/-&AC"".)%1>&B(@#"&5*'5&yC(1*%>&()/&-C-%(*)(,1>&!"#/CA./&A#A#(9&!"#/CA."-&5(@.&()&*)A.)%*@.&%#&!"#/CA.&$).&("#?(%*A&A#A#(&,.()-&C-*)'&%"(/*%*#)(1&A"*#11#&@("*.%*.-9&F5*A5&F*11&.@.)%C(11>&*?!"#@.&%5.&'.).%*A&/*@."-*%>&#B&%5.&A#A#(&*)&%5.&".'*#)3&_."C@*()&!"#/CA%*#)&#B&-C-%(*)(,1.&A#A#(&5(-&(1-#&*)A".(-./&-*')*$A()%1>&#@."&%5.&!(-%&/.A(/.3&J"'()*A9&:`J&()/&S=l&A."%*$./&!"#/CA%*#)&(".&%5.&?#-%&!"#?*).)%&-C-%(*)(,*1*%>&*)*%*(%*@.-&*)&%5.&A#C)%">3
2."%*$./&!"#/CA%*#)&AC"".)%1>&(AA#C)%-&B#"&(!!"#^*?(%.1>&67j&#B&%5.&)(%*#)K-&%#%(1&!"#/CA%*#)&@#1C?.3&=5.&*?!"#@*)'&?("G.%&!#-*%*#)&#B&_."CK-&A#A#(&!"#/CA%*#)&()/&.^!#"%9&%#'.%5."&F*%5&(&)(%*#)(1&'#(1&%#& *?!"#@.&yC(1*%>9&".!".-.)%& *?!#"%()%&%(A%*A-& *)&%5.&.BB#"%&%#&(%%"(A%&).F&*)@.-%?.)%&*)&-C-%(*)(,1.&A#A#(&@(1C.&A5(*)-3
=5.&AARQ&@("*.%>&*-&AC"".)%1>&?#-%&!".-.)%&*)&%5.&<()&0("%*)&/.!("%?.)%&#B&_."C9&F5.".&%5.&5*'5.-%& @#1C?.-&#B& A#A#(& (".&!"#/CA./3&=5*-& ".'*#)& *-& (1-#&5#?.& %#&!"#/CA."-& B"#?& %F#&#B& %5.& 1("'.-%&A##!."(%*@.-& *)& %5.&A#C)%">9&)#%(,1>& %5#-.&#B&`(&2##!."(%*@(&;'"#*)/C-%"*(1&=#A(A5.&()/&`(&2##!."(%*@(&e)/C-%"*(1&/.&H("()L*11#3
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable TradeQ\
COOPERATIVA AGRARIA
CACAOTERA ACOPAGRO
15%
SUMAQAO SOCIEDAD ANONIMA CERRADA
15%
AMAZONAS TRADING PERU
S.A.C. 12%
COOPERATIVA AGRARIA
INDUSTRIAL NARANJILLO
11%
COOP AGRARIA
CAFETALERA EL QUINACHO
L 78 6%
COMPAÑIA NACIONAL DE CHOCOLATES DE PERU S.A.
5%
Other Exporters 36%
H#%F*%5-%()/*)'& %5.& F#"G& #B&;__2;2;J9& _."CK-& A#A#(& ?("G.%9& 1*G.& %5(%& #B& 4AC(/#"9& *-&5*)/."./&,>&(&".1(%*@.1>& 1#F& [email protected]&#B&!"#/CA."&#"'()*+(%*#)3&41.@(%./&A#A#(&!"*A.-& %.)/& %#&.)A#C"('.& B"('?.)%(%*#)&#B& 1("'."&#"'()*+(%*#)-9& ".-C1%*)'& *)&()& *)A".(-.& *)& %5.&)C?,."&#B&-?(11."&<04-&#!."(%*)'&*)/.!.)/.)%1>3&;-&(&".-C1%9&#)1>&(&B.F&<04-&(".&1("'.&.)#C'5&%#&.^!#"%&/*".A%1>&%#&?C1%*)(%*#)(1&'"*)/."-&()/&?()CB(A%C"."-9&-CA5&(-&_aJH;=429&;?(+#)(-&="(/*)'9&Y("">&2(11.,#C%&()/&H.-%1U3&=5*-&B"('?.)%(%*#)&%".)/&".-C1%-&*)&*).B$A*.)A*.-&()/&(//*%*#)(1&%"()-(A%*#)&A#-%-&%5"#C'5#C%&%5.&-C!!1>&A5(*)9&F5*A5&C1%*?(%.1>&"./CA.-&!#%.)%*(1&".@.)C.-&B#"&!"#/CA."-3
:*)()A*)'&&;AA.--&%#&$)()A.&".?(*)-&(&-*')*$A()%&-#C"A.&#B&B"C-%"(%*#)&(?#)'&_."C@*()&A#A#(&!"#/CA."-3&e%&*-&.-%*?(%./&%5(%&"#C'51>&]7j&#B&!"#/CA."-&*)&_."C&5(@.&(AA.--&%#&-#?.&-#"%&#B&%"(/.&$)()A.9&F5*1.&%5.&".?(*)*)'&[7j&C-.&%5.*"&#F)&BC)/*)'3&=5.&A#A#(&-.A%#"&*-&-."@./&,>& )(%*#)(1& ,()G-& ()/& -#A*(11>& #"*.)%./& $)()A*(1& *)-%*%C%*#)-& %5(%& !"*?("*1>& *)@.-%& *)& -5#"%&%."?&%"(/.&$)()A.3&g.-!*%.&%5.&!".-.)A.&#B&%5.-.&$)()A*(1&-."@*A.-9&&%5.&$)()A*)'&)../&B#"&?()>&-%*11&".?(*)-&C)BC1$11./3&="(/.&()/&*)B"(-%"CA%C".&$)()A.&(".&.^%".?.1>&/*B$AC1%&%#&-.AC".&(?#)'&.^*-%*)'&!"#@*/."-&()/&".!".-.)%-&(&G.>&*)@.-%?.)%&,(""*."&*)&.^!()/*)'&_."CK-&?("G.%&!#-*%*#)&*)&-C-%(*)(,1.&A#A#(&?("G.%-3&
G)3&/#$P>$M(/U#'$:"(/#$.8$?#/&7)(*$D01./'#/%@$NOHOQNOHH$I.-.($:#(%.*
Source: Sistema Integrado de Información de Mercado Exterior de Perú (SIIC)
The Peruvian cocoa
.^!#"%&?("G.%&*-&?CA5&?#".&B"('?.)%./&%5()&%5(%&#B&%5.&g#?*)*A()&a.!C,1*A3& H#& m#).K&exporter has more
%5()& QRj& ?("G.%&-5(".9& ()/& %5.".& (".&#@."& R7& .^!#"%."-& *)&%#%(13
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade67
2C"".)%& 0("G.%&=5.& g#?*)*A()& a.!C,1*A& DgaE& !"#/CA./& 6Rj& #B& :(*"%"(/.K-& 677T& A#A#(&!"#/CA%*#)9&R6j&#B& e:J;0K-&67Q7&#"'()*A&A."%*$./&!"#/CA%*#)&()/&Q[j&#B&S=l&2."%*$./&!"#/CA%*#)&*)&67Q7XX3&;-&%5.&1("'.-%&`;2&-C!!1*."&#B&A."%*$./&A#A#(9&%5.&ga&*-&(1-#&#).&#B&%5.&,*''.-%&!"#/CA."-&#B&A."%*$./&-C-%(*)(,1.&A#A#(&*)&%5.&F#"1/3&gC.&%#&%5.*"&F.11P/[email protected]#!./&-C!!1>&A5(*)&()/&.-%(,1*-5./&-C-%(*)(,1.&!"#/CA."-9&%5.&g#?*)*A()&a.!C,1*A&*-&F.11&!#-*%*#)./&%#&?(*)%(*)&%5.*"&-%(%C-&(-&%5.&F#"1/&1.(/."&*)&-C-%(*)(,1.&A#A#(&!"#/CA%*#)3
=5.&g#?*)*A()&a.!C,1*A&*-&#).&#B&%5.&,*''.-%&!"#/CA."-&#B&A."%*$./&cocoa in the world
<C!!1>&25(*)& ()/&0("G.%-&=5.&.^!#"%&?("G.%& *)& %5.&g#?*)*A()&a.!C,1*A& *-& A#?!#-./&#B&".1(%*@.1>& B.F& !1(>."-3&;!!"#^*?(%.1>& $@.& ,"#G."-pA##!-& A#?!"*-.& %5.& ,C1G& #B& %5.& .^!#"%&?("G.%&D25#A#1(%.&2#"%U-9&0C))U&v&2#39&2($.-(9&25#A#1(%.&;)%*11()#&()/&2JH;2;gJE3&M.&.-%*?(%.&%5(%&"#C'51>&]7j&#B&(11&ga&!"#/CA."-&,.1#)'&%#&(&!"#/CA."&A##!."(%*@.&#"&<043&0#-%&<04-&*)&%5.&ga&.^!#"%&%5.*"&!"#/CA%&/*".A%1>3&=5.&".?(*)*)'&[7j&#B&*)/*@*/C(1&!"#/CA."-&-.11&%5.*"&!"#/CA%&%5"#C'5&1#A(1&%"(/."-9&F5#&%5.)&-.11&%#&1("'.&*)%.")(%*#)(1&.^!#"%."-3
:*)()A*)'&=5.&!"*?(">&A5(11.)'.&%5(%&ga&!"#/CA."-&B(A.&*-&%5.*"&1(AG&#B&$^./&(--.%-9&F5*A5&F#C1/&!#%.)%*(11>&-."@.&(-&A#11(%."(1&*)&-.AC"*)'&".(-#)(,1.&*)%.".-%&"(%.-&()/&1#)'."&%."?&1#()-3&_"#/CA."-&*)&%5.&ga&)../&1#)'."&%."?&1#()-&*)&#"/."&%#&,.&(,1.&%#&*)@.-%&*)&*)B"(-%"CA%C".&/[email protected]#!?.)%9&!"#/CA%&/*@."-*$A(%*#)&()/&@(1C.&(//./&!"#/CA%&'.)."(%*#)3&;AA#"/*)'&%#&:;<=&A#"".-!#)/.)A.&F*%5& A#A#(&A##!."(%*@.&2JH;2;gJ9& B#"&.^(?!1.9& %5.&#"'()*+(%*#)&5(-&#)1>&,..)&(,1.&%#&*)@.-%&(&?.".&S<{6&?*11*#)&*)&!1()%-&()/&?(A5*).">&#@."&%5.&1(-%&%5"..&>.("-9&(-&(&".-C1%&#B&/*B$AC1%>&*)&#,%(*)*)'&1#)'P%."?&()/&?./*C?P%."?&$)()A*)'3&&
`*G.&4AC(/#"9&1#F&@(1C./&$^./&(--.%-&(1#)'&F*%5&1(AG*)'&$)()A*(1&/#AC?.)%(%*#)&A".(%.&*--C.-&B#"&!"#/CA."-&-..G*)'&$)()A*)'
2JH;2;gJ& (1-#& !#*)%./& #C%& %5(%& %5.*"& ?.?,."-& #B%.)& (AA.--& $)()A*)'& B"#?& B#".*')&*)-%*%C%*#)-& *)A1C/*)'& -#A*(1& 1.)/."-& -CA5& (-& a##%& 2(!*%(1& ()/& J*G#A"./*%3&=5*-& $)()A.& *-&%>!*A(11>&C-./&B#"&F#"G*)'&A(!*%(1&".yC*".?.)%-3&=5.&?CA5&).././&?./*C?&()/&1#)'."&%."?&*)@.-%?.)%&".yC*".?.)%-&D'.)."(11>&C-./&B#"& B."?.)%(%*#)&%##1-9&/">*)'&.yC*!?.)%&()/&%5.&?(A5*).">& %#& A".(%.& @(1C.& (//./& !"#/CA%-E& ".?(*)& C)/."-."@*A./3& &M5*1.& -(1.-& A#)%"(A%&'C("()%..-&(".&#B%.)&C-./&(-&A#11(%."(1&B#"&A."%(*)&F#"G*)'&A(!*%(1&1#()-9&%5.&4C"#+#).&A"*-*-&5(-&1./&%#&(&"./CA%*#)&*)&-(1.-&D()/&%5C-&%5.&-*+.&#B&%5.-.&A#)%"(A%-E9&F5*A5&*)&%C")&5(-&"./CA./&%5.&!#%.)%*(1&1#()&(?#C)%-&%5(%&&!"#/CA."&#"'()*+(%*#)-&F#C1/&(AA.--&%#&BC1$11&%5.*"&F#"G*)'&A(!*%(1&)../-&B#"&5("@.-%3&
23&gJ0eHe2;H&a4_SY`e2
XX&g(%(&".%"*.@./&B"#?N&ng*-.r#&/.&1(&.-%"(%.'*(&/.&?.L#"(?*.)%#&/.&1(&A(/.)(&/.&@(1#"o9&&_./"#&a(?s".+9&;-.-#"&Iel&9&&n=5.&<%(%.&#B&<C-%(*)(,*1*%>&e)*%*(%*@.-&a.@*.F&67Q7o&!!&Q779&ee<g9&67Q79&()/&n&67QQ&<C!!1>&()/&g.?()/&S!/(%.o9&S%+&2."%*$./9&67QQ
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade21
G)3&/#$HO>$ILVFIFALT%$L/3(*)c(').*(,$:'/&-'&/#
Source: CONACADO
`.0$S>$ILVFIFAL>$($E#(2)*3$?,(6#/$)*$:&%'()*(+,#$I.-.(
=5.&g#?*)*A()&a.!C,1*AK-&1("'.-%&()/&?#-%&*?!#"%()%&!1(>."&*)&%5.&-C-%(*)(,1.&A#A#(&?("G.%3
2JH;2;gJ& .^!#"%-& k6Rj& #B& %5.& A#C)%">K-& A#A#(3&;AA#"/*)'& %#& :`J9& (,#C%& TRj& #B&2JH;2;gJK-&A#A#(&*-&A."%*$./&#"'()*A9&()/&"#C'51>&R7j&#B&*%-&!"#/CA%&*-&-#1/&#)&%5.&:(*"%"(/.&?("G.%3&;AA#"/*)'& %#& :;<=& A#"".-!#)/.)A.&F*%5&2JH;2;gJ9& (-& #B&;C'C-%&67QQ9&%5.&A##!."(%*@.&5(/&\96\]&!"#/CA."-&#B&F5*A5&T9T66&Dk\RjE&F.".&A."%*$./&-C-%(*)(,1.3&=5*-& *-& *)&(&A#C)%">&F5.".&,.%F..)&R7&()/&]7j&#B&(11&A#A#(&!"#/CA."-&(".&A."%*$./&(-&n-C-%(*)(,1.o&C)/."&#).&#"&?#".&%5.&?(L#"&'1#,(1&*)*%*(%*@.-3
=5.& A##!."(%*@.K-& #"'()*+(%*#)(1& -%"CA%C".& *-& A#?!#-./& #B& (& A.)%"(1& '#@.")()A.& ,#/>&F*%5&)*).&".'*#)(1&n,1#AG-o3&=5.&".'*#)(1&n,1#AG-o&(".&A#?!#-./&#B&QR7&(--#A*(%*#)-&%5(%&.)A#?!(--&*%-&#@."&\9777&!"#/CA."-3
~&\9777&_"#/CA."-
152 Local Associations
&\&a.'*#)(1&Y1#AG-
2JH;2;gJ
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade22
2C"".)%&0("G.%&The criollo& ,.()& #"*'*)(%./& *)& 2.)%"(1&;?."*A(3&=5.& !#%.)%*(1& B#"& '"#F%5*)&!"#/CA%*#)&()/&-(1.-&#B&%5*-&5*'5&yC(1*%>&,.()&1*.-&!"./#?*)()%1>& *)&0.^*A#&()/&2.)%"(1;?."*A(3&;&!"..^*-%*)'&*)B"(-%"CA%C".&B#"&)*A5.&A#A#(&?("G.%-&?(G.-&2.)%"(1&;?."*A(&()/&%5.2("*,,.()&%5.&F#"1/K-&1.(/*)'&".'*#)&B#"&#"'()*A&()/&-C-%(*)(,1.&A#A#(&#C%!C%9&(-&?.(-C"./,>&!"#!#"%*#)&#B&%#%(1&#C%!C%3&M.&5(@.&.-%*?(%./&%5(%&*)&A#C)%"*.-&-CA5&(-&2#-%(&a*A(&()/%5.&g#?*)*A()&a.!C,1*A9&kTRj&()/&k8Rj&#B&%#%(1&#C%!C%&*-&#"'()*A&#"&-C-%(*)(,1>&A."%*$./9".-!.A%*@.1>3&;).A/#%(1& .@*/.)A.& -C''.-%-& %5(%& (& -*+(,1.& !"#!#"%*#)& #B& %5.& ".?(*)*)'& )#)PA."%*$./&!"#/CA."-&(".&*)&B(A%&#!."(%*)'&-C-%(*)(,1>9&,C%&1(AG&%5.&$)()A*)'&).././&%#&!C"-C.A."%*$A(%*#)3& W*'5& [email protected]& #B& 1#A(1& A#)-C?!%*#)& #B& A5#A#1(%.& *)& IC(%.?(1(& (1-#& /"*@.& %5.".'*#)K-&!"#/CA%*#)&[email protected]
<C!!1>&25(*)&I*@.)&%5.&".1(%*@.1>&-?(11&!"#!#"%*#)&#B&'1#,(1&A#A#(&.^!#"%-&%5(%&A#?.&#C%#B&2.)%"(1&;?."*A(9& %5.&-C!!1>&A5(*)-&#B& %5.-.&A#C)%"*.-&(".& 1.--&/[email protected]#!./&%5()&%5#-.&#B#%5."&1("'."&!1(>."-&*)&`;2&D4AC(/#"9&g#?*)*A()&a.!C,1*A9&()/&_."CE3
2.)%"(1&;?."*A()& A#A#(& -C!!1>& A5(*)-& (".& A5("(A%."*+./& ,>& %5"..& ?(*)& ,#%%1.).AG-N& DQE!"#/CA%*#)& >*.1/-& ()/& @#1C?.-& %5(%& (".& -C,-%()%*(11>& ,.1#F& %5.*"& !#%.)%*(19& D6E& .^*-%*)'".1(%*#)-5*!-& ,.%F..)& !("%*A*!()%-& *)& %5.& -C!!1>& A5(*)& D!"#/CA."-9& %"(/."-9& ,"#G."-9.^!#"%."-9&'"*)/."-9&.%A3E&(".&yC*%.&F.(G9&()/&DXE&A#)%"(A%-&(".&#B%.)&).'#%*(%./&#)&(&-5#"%P%."?&,(-*-3&=5.&?(*)&/"*@."-&,.5*)/& %5.& 1#F&!"#/CA%*#)& [email protected]& *)&2.)%"(1&;?."*A(& *)A1C/.(&!"#!.)-*%>& B#"&5C""*A().-& ()/&(/@."-.&F.(%5."&A#)/*%*#)-9& (-&F.11& (-& (& 1(AG&#B&$)()A*)'#!%*#)-&(1#)'&%5.&@(1C.&A5(*)3
e%& -5#C1/& ,.& )#%./& %5(%&2#-%(& a*A(& 5(-& %5.&?#-%& /[email protected]#!./& -C!!1>& A5(*)& #B& ()>&2.)%"(1;?."*A()& A#C)%">9& ".-C1%*)'& *)&?#".& -.AC".& BC%C".& A(-5& O#F-& %5()& ).*'5,#"*)'& A#C)%"*.-32#-%(& a*A(& (1-#& 5(-& -#?.& #B& %5.& 5*'5.-%& >*.1/*)'& !"#/CA."-& *)& %5.& ".'*#)3
:*)()A*)'&I*@.)& %5.&F.(G& ".1(%*#)-5*!& ,.%F..)&?.?,."-& #B& %5.& -C!!1>& A5(*)9& $)()A*)'& *-&?#-%1>& '"()%./& #)& (& !."P5("@.-%& ,(-*-9&F*%5&F#"G*)'& A(!*%(1& )../-& A#@."./& ,>& %"(/."-& #"&*)/.!.)/.)%&$)()A*(1&*)-%*%C%*#)-&D*)A1C/*)'&%5.&1*G.-&#B&_"#>.A%#&2(?,*#9&a##%&2(!*%(19&.%A3E3&=5.&1(AG&#B&$)()A*)'&*-&(&A#)%"*,C%#"&%#&!##"&>*.1/-9&(-&A"#!&"#%(%*#)&!"(A%*A.-&()/&.yC*!?.)%&?#/.")*+(%*#)-&?C-%& ,.& -.1BP$)()A./9&F5*A5& *-& #B%.)& *?!#--*,1.& B#"& !"#/CA."-3& _"#/CA."-&#"'()*+(%*#)-&(".&'.)."(11>&-%*11&*)&%5.*"&/[email protected]#!?.)%&!5(-.9&F5*A5&A#)-%"(*)-&%5.*"&(,*1*%>&%#&(AA.--&".'C1("&()/&-C-%(*)(,1.&$)()A.3
;& 1*?*%./& !C,1*A& (F(".).--& #B& %5.& !#%.)%*(1& .A#)#?*A9& .)@*"#)?.)%(1& ()/& -#A*(1& ,.).$%-&#B&-C-%(*)(,1.p)*A5.&A#A#(&!"#/CA%*#)&(-&()&*)%.'"(1&('"#P->-%.?&(!!.("-&%#&,.&#).&#B&%5.&'".(%.-%&5*)/"()A.-&%#&$)()A*)'&*)&%5*-&".'*#)&B"#?&%5.&-C!!1>&-*/.3&
g3&24H=a;`&;04ae2;
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade6X
=5.&$)()A*)'&#B&-C-%(*)(,1.&A#A#(&@(1C.&A5(*)-&5(-&%5.&!#%.)%*(1&%#&*?!"#@.&?("G.%&'"#F%5&()/&.A#)#?*Ap&A#??C)*%>&/[email protected]#!?.)%9&F5*A5&A()&,.&-..)&*)&%5.&A(-.&#B&%5.&Asociación de
pequeños productores de Talamanca D;__=;E&*)&2#-%(&a*A(3&<*)A.&,.A#?*)'&:(*"%"(/.&A."%*$./9&;__=;&5(-&(!!1*./&%5.&:(*"%"(/.&!"*A.&!".?*C?&()/&/*@."-*$./&%5.*"&!"#/CA%*#)&,>&'"#F*)'&,()()(-&D*)&(//*%*#)&%#&A#A#(E9&F5*A5&5(-&!"#@*/./&(&?#".&-%(,1.&-%".(?&#B&*)A#?.3&;__=;&has also used the additional funds derived from their Fairtrade price premium to establish a
-#A*(1&-.AC"*%>&BC)/&()/&,C*1/&(&).F&,"*/'.&B#"&%5.&1#A(1&A#??C)*%>3
`.0$W>$D0(B1,#$.8$D-.*.B)-$(*2$:.-)(,$C#'&/*%$.8$:&%'()*(+,#$?/(-')-#%
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade6[
=5.& "(!*/1>& '"#F*)'& /.?()/& B#"& -C-%(*)(,1.& A#A#(& A#C!1./& F*%5& %5.&"./CA./&"*-G&(--#A*(%./&F*%5&1.)/*)'&%#&!"#/CA."-&F5#&C-.&-C-%(*)(,1.&!"#/CA%*#)& !"(A%*A.-9& BC"%5."& ".*)B#"A.-& %5.& !#%.)%*(1& B#"& -CAA.--BC1&*)@.-%?.)%&#C%A#?.-&B#"&,#%5&$)()A*."&()/&!"#/CA."3
Conclusion
e)&%5.&AC"".)%&A#)%.^%9&`;2&(".&F.11&!#-*%*#)./&%#&A#)%*)C.&%#&.^!()/&%5.*"&"#1.&(-&%5.&F#"1/&1.(/."&*)&-C-%(*)(,1.&A#A#(&!"#/CA%*#)9&(-&!("%&#B&(&,"#(/."&-%"(%.'>&%#&".%(*)&%5.*"&"#1.&(-&%5.&1.(/*)'&-#C"A.&#B&5*'5&yC(1*%>&()/&$).&A#A#(3&;&1(AG&#B&*)@.-%?.)%&*)&-C-%(*)(,1.&A#A#(&@(1C.&A5(*)-&*)&`;2&".!".-.)%-&(&?(L#"&A#)-%"(*)%&AC"".)%1>&1*?*%*)'&%5.&".'*#)-&!#%.)%*(1&'"#F%53
=5.&/[email protected]#!?.)%&#B&-C-%(*)(,1.&A#A#(&?("G.%-&*)&`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
M*%5&?(L#"&!"*@(%.&-.A%#"&!1(>."-&-CA5&(-&b"(B%9&0("-9&H.-%1U&Y("">&2(11.,#C%&A#??*%%./&%#&*)A".(-*)'&%5.*"&-C-%(*)(,1.&-#C"A*)'&!"(A%*A.-9&%5.&/.?()/&B#"&$)()A.&B#"&-C-%(*)(,1.&A#A#(&?("G.%-&F*11&#)1>&A#)%*)C.&%#&'"#F3&=5.&-C-%(*)(,1.&*)@.-%?.)%&#!!#"%C)*%>&!".-.)%./&,>&%5.&A#A#(&-.A%#"&5#1/-&!"#?*-.&B#"&?#".&-C-%(*)(,1.&!"#/CA%*#)&!"(A%*A.-&#)&%5.&'"#C)/9&()/&'".(%&!#%.)%*(1&B#"&(&?#".&-C-%(*)(,1.&`;2&A#A#(&.A#)#?>3
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade25
;!!.)/*^&eN&I1#,(1&2#A#(&_"*A*)'&N&M5.".&M.K".&(%&=#/(>
Source:INDEXMUNDI, FAST
G)3&/#$HN>$M.*'"$.7#/$M.*'"$?/)-#$I"(*3#%QI.-.($7%^$I.BB.2)')#%$7%^$Food
Source:INDEXMUNDI, FAST
!"
#!!"
$%!!!"
$%#!!"
&%!!!"
&%#!!"
'%!!!"
'%#!!"
(%!!!"
Jan-90 Dec-90 Nov-91 Oct-92 Sep-93 Aug-94 Jul-95 Jun-96 M
ay-97 Apr-98 M
ar-99 Feb-00 Jan-01 Dec-01 Nov-02 Oct-03 Sep-04 Aug-05 Jul-06 Jun-07 M
ay-08 Apr-09 M
ar-10 Feb-11
USD
/mt
Futures Price 5 Year Average 10 Year Average 20 Year Average
5y Average: 2,691 10y Average: 2,168 20y Average: 1,731 Current (Dec 2011): 2,200
G)3&/#$HH>$I.-.($:1.'$?/)-#>$HPPOQNOHN
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20% D
ec-01 Jun-02 D
ec-02 Jun-03 D
ec-03 Jun-04 D
ec-04 Jun-05 D
ec-05 Jun-06 D
ec-06 Jun-07 D
ec-07 Jun-08 D
ec-08 Jun-09 D
ec-09 Jun-10 D
ec-10 Jun-11 D
ec-11
Cocoa Spot Commodity Index Food Price Index
I.//#,(').*%>2#A#(&%#&2#??#/*%>&e)/.^&N&Q8j2#A#(&%#&:##/&_"*A.&e)/.^N&6Qj2#??#/*%>&e)/.^&%#&:##/&_"*A.&e)/.^N&RQj
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade6]
M5*1.& A#)A.")& B#"& %5.& '1#,(1& .A#)#?>& ()/& (& -%".)'%5.)*)'&S<g&5(-& 1(%.1>& ,..)& !C-5*)'&A#??#/*%*.-&/#F)&(A"#--&%5.&,#("/9&A#A#(&5(-&,..)&5*%&.-!.A*(11>&5("/&".A.)%1>9&1("'.1>&/C.&%#&1("'."&%5()&.^!.A%./&(""*@(1-&*)&?(L#"&M.-%&;B"*A()&!"#/CA*)'&A#C)%"*.-&2#%.&gKe@#*".&()/&I5()(3
=5.-.& (""*@(1-& 5(-& -!("G./& A#)A.")& B#"& (& 1##-.)*)'& -C!!1>p/.?()/& />)(?*A9& F5*A5& 5(-&!".--C"./&!"*A.-&/#F)&%#&XP>.("&1#F-9&F5.".&%5.>&-..?&%#&,.&-.%%1*)'&("#C)/&%5.*"&Q7P>.("&(@."('.&!"*A.&#B&kS<{69Q]Tp?%3&=5*)'-&?(>&,.&1##G*)'&C!&-##)&5#F.@."9&(-&%5.&e)%.")(%*#)(1&2#A#(&J"'()*+(%*#)&".A.)%1>&!C,1*-5./&*)&*%-&d()C(">&67Q6&".!#"%&%5(%&*%&.^!.A%-&%#&-..BC)/(?.)%(1-&%*'5%.)&C!&*)&%5.&).("&%."?3
2#A#(K-&".A.)%&1("'.&!"*A.&-F*)'-&A()&,.&(%%"*,C%./&)#%&#)1>&%#&(&%C?C1%C#C-&'1#,(1&.A#)#?>9&,C%& (1-#& %#& (& !#1*%*A(1& -%"*B.& *)&?(L#"& A#A#(&!"#/CA."&2w%.&/Ke@#*".3&M*%5&kXRj&#B& '1#,(1&!"#/CA%*#)9&!#1*%*A(1&*--C.-&*)&%5*-&A#C)%">&F5.".&%5.&*?!.%C-&B#"&-.@."(1&#B&%5.&,.()K-&".A.)%&!"*A.&-!*G.-3
2#A#(&5(-&,..)&5*%&.-!.A*(11>&5("/&".A.)%1>9&1("'.1>&/C.&%#&1("'."&%5()&.^!.A%./&(""*@(1-&*)&?(L#"&M.-%&;B"*A()&!"#/CA*)'&A#C)%"*.-&2w%.&
/Ke@#*".&()/&I5()(3
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade68
;!!.)/*^&eeN&2#A#(&Y.()-N&;&VC*AG&_"*?."
2#A#(& *-&!"#/CA./& *)&".'*#)-&F5.".&-!.A*$A&A1*?(%.&A#)/*%*#)-&(".&).././}&%5.-.&".'*#)-&1*.&F*%5*)&Q7#H&()/&Q7#<&#B&%5.&4yC(%#"9&()/&5(",#"&%5.&)(%C"(1&5(,*%(%&%#&%5.&A#A#(&%"..3&2#A#(K-&%5"..&?(*)&@("*.%*.-&*)A1C/.&%5.N
)= I/).,,.$+#(*>&1("'.1>&'"#F)&*)&2.)%"(1&()/&<#C%5&;?."*A(&D-..&:*'C".&QXE9&()/&*-&".!C%./&&&&&%#&,.&%5.&5*'5.-%&yC(1*%>&#B&%5.&%5"..&?(*)&,.()&@("*.%*.-3))=$G./(%'#/.$+#(*>$1("'.1>&'"#F)&*)&;B"*A(9&()/&C-./&B#"&,C1G&n-%()/("/o&A#A#(3&=.A5)*A(11>9&%5.&B(?#C-&)(A*#)(1&@("*.%>&A#A#(&,.()-&D*%&*-&B"#?&%5*-&,.()&%5(%&%5.&B(?#C-&(""*,(&O(@#"&!"#$1.&A#?.-&B"#?E&B#C)/&*)&4AC(/#"&(1-#&5(@.&(&:#"(-%."#&'.).%*A&!"#$1.3)))=$!/)*)'(/).$+#(*>&%5*-&*-&(&'.).%*A&5>,"*/&#B&2"*#11#&()/&:#"(-%."#&,.()3
M5*1.&.(A5&*)/*@*/C(1&,.()&5(-&*%-&#"*'*)-&,(-./&*)&()&*)/*@*/C(1&".'*#)9&'"#F%5&#B&.(A5&,.()&@("*.%>&*-&)#%&1*?*%./&%#&()>&#).&!("%*AC1("&".'*#)3&W#F.@."9&%5.&-!.A*$A*%>&#B&F5.".&A#A#(&A()&,.&'"#F)&*-&%*./&%#&%5.&*)A".(-./&"*-G&#B&A1*?(%.&A5()'.&#B&%5.-.&".'*#)-3
2#A#(&A()&,.&'"#F)&*)&%F#&/*BB.".)%&?#/.1-&DMM:9&677]EN
)=$ $ F3/.8./#%'/6$ <1(/')(,,6$ (*2$ 8&,,6$ %"(2#2=$ B.2#,>$ 2#A#(& '"#F)& *)& F*%5&('"#B#".-%">& ?#/.1& *-& %5.& ?#-%& A#?!(%*,1.& F*%5& %5.& A#)-."@(%*#)& ()/& .)5()A.?.)%& #B&,*#1#'*A(1&/*@."-*%>3& e)& %5*-&?#/.19& %5"..-&()/&#%5."&!1()%-&(".& *)%.'"(%./& *)%#&A#A#(& B("?-3&ng*@."-.&('"#B#".-%-o&F#C1/&,.&A#)-*/."./&nBC11P-5(/.&A#A#(o&F5*1.&n('"#B#".-%-o&F#C1/&,.&n-.?*P&-5(/.&A#A#(o3
))=$$G&,,Q%&*$B.2#,>&:C11&-C)&A#A#(&?(>&,.&C-.BC1&*)&/.'"(/./&#"&!".@*#C-1>&A1.("./&1()/-&(-&>*.1/-&A()&,.&C!&%#&X&%*?.-&'".(%."&%5()&%5#-.&#B&#%5."&?.%5#/-3&W#F.@."9&B#"&-C-%(*)(,1.&A#A#(9&B#".-%-&-5#C1/&)#%&,.&A1.("./&%#&!1()%&%5.-.3&_.-%*A*/.-&()/&('"#A5.?*A(1-&?C-%&(1-#&,.&(@#*/./&DBC11P-C)&@("*.%*.-&(".&?#".&-C-A.!%*,1.&%#&!.-%&#C%,".(G-&.%A3E3
2#A#(& '"#F)& C)/."& -.?*& #B& BC11>& -5(/./& A#)/*%*#)-& 5(-& (& 1#)'."& C-(,1.& 1*B.& %5()& %5(%& #B&BC11P-C)&A#A#(3&e)/*'.)#C-&A#A#(&B("?."-&*)&2#-%(&a*A(9&2(?."##)&()/&2#%.&gKe@#*".&%.)/&%#& AC1%*@(%.& C)/."& -.?*P-5(/./& ('"#B#".-%& A#)/*%*#)-9& F5.".& *??*'"()%-& DF5#&?(>& A#?.&B"#?&%5.&C!!."&-(@())(59&*)&%5.&A(-.&#B&2w%.&/Ke@#*".E&5(@.&%5.&%.)/.)A>&%#&A1.("PAC%&,.B#".&!1()%*)'X[3
X[&&[email protected]#!*)'&Y.-%&_"(A%*A.&IC*/.1*).-&B#"&<C-%(*)(,1.&0#/.1-&#B&2#A#(&_"#/CA%*#)&%#&0(^*?*+.&%5.*"&e?!(A%-&#)&Y*#/*@."-*%>&_"#%.A%*#)o9&&M#"1/&M*1/1*B.&:C)/&f*.%)(?9&677]
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade6T
;!!.)/*^&eeeN&=5.&2#A#(&<C!!1>&25(*)=5.&@(1C.&A5(*)&#B&%5.&A#A#(&,.()&A#)-*-%-&#B&%5"..&/*-%*)A%&!"#A.--.-N&'"#F*)'&()/&5("@.-%*)'9&!"#A.--*)'9&()/&-.A#)/(">&?()CB(A%C"*)'&DA5#A#1(%.9&A#A#(&!#F."9&.%A3E3
G)3&/#$HS>$!"#$I.-.($:&11,6$I"()*>$F$`(%)-$L7#/7)#5$%#-.*2(/6$B(*&8(-'&/)*3$<-".-.,('#@$-.-.($1.5#/@$#'-^=.
A"4-3$%&9##<%FF===@G",>$3"+6/#/$@06F#33FC"::"*/#/$;FC"3"+FH+64$IC9+/0
H=$R/.5)*3>&2#A#(&,.()-&(".&B#C)/&*)&%5.&!#/-&%5(%&'"#F&B"#?&%5.&%"C)G&()/&,"()A5.-&#B&%5.&A#A#(&%"..3
N=$d(/7#%'$(*2$?.%'Q"(/7#%'>&W("@.-%*)'&*)@#[email protected]&-.1.A%*#)9&B."?.)%(%*#)&()/&/">*)'3&a*!.&!#/-&(".&-.1.A%./9&?()C(11>&5("@.-%./&()/&(B%."&(&F..G&%#&%.)&/(>-&(".&#!.)./9&()/&%5.)&%5.&,.()-&A1.()&()/&.^%"(A%./3&Y.()-&(".&%5.)&!".!("./&B#"&B."?.)%(%*#)9&F5*A5&A#)-*-%-&#B&!*1*)'&%5.&,.()-&%#'.%5."&*)&,#^.-&%#&*)*%*(%.&%5.&B."?.)%(%*#)&!"#A.--3
;&$@.&/(>&B."?.)%(%*#)&!"#A.--&'*@.-&%5.&,.()-&%5.*"&A#1#"&()/&A5#A#1(%.&O(@#"3&=5.&A#A#(&,.()-&(".&%5.)&/"*./&()/&!".!("./&B#"&!"#A.--*)'&()/&-5*!!*)'3&e)&'.)."(1&%."?-9&%5.&?(L#"&A#A#(&5("@.-%&-.(-#)&*)&_."C&B(11-&,.%F..)&;!"*1&()/&;C'C-%9&%5.".&*-&(1-#&(&?*)#"&5("@.-%&A#)/CA%./&,.%F..)&d()C(">&()/&:.,"C(">3&e)&A#)%"(-%9&*)&4AC(/#"9&%5.&?(L#"&5("@.-%&-.(-#)&B(11-&*)&g.A.?,."&()/&d()C(">3&b)#F*)'&%5.&5("@.-%&-.(-#)&B#"&(&!("%*AC1("&".'*#)&F*11&(11#F$)()A*(1& *)-%*%C%*#)-& ()/& -#A*(1& 1.)/."-& %#& ,.%%."& !"./*A%& %5.*"& *)@.-%?.)%& !"#-!.A%-& A(-5&O#F-&()/&F*11&.)(,1.&%5.?&%#&/*@."-*B>&%5.*"&*)@.-%?.)%&!#"%B#1*#3&=(,1.&Q&-5#F-&()&.-%*?(%.&#B&A#A#(&5("@.-%&-.(-#)-&B#"&1.(/*)'&!"#/CA*)'&A#C)%"*.-3
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable Trade6\
Tabke 1: Global Harvest Seasons of
Cocoa
Jan. Feb. Mar. Abr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Brazil
Cameroon
Colombia
Costa Rica
Ecuador
Ghana
Indonesia
Ivory Coast
Malaysia
Mexico
Nigeria
Papua New
Guinea
Peru
Trinidad and
Tobago
Venezuela
Source: ‘Peru Export Goods’, Peru Export and Tourism Promotion Board, PromPeru, October 2009
S=$ ?/.-#%%)*3$ (*2$ B(*&8(-'&/)*3$ 7(,&#Q(22#2$ 1/.2&-'%N&;B%."& B."?.)%(%*#)9&!#/-&()/&(11&.^%"().#C-&?(%."*(1-&(".&".?#@./&1.(@*)'&LC-%&%5.&A#A#(&)*,-3&=5.&A#A#(&)*,-&(".&'"#C)/./&*)%#&A#A#(&?(--&D!(-%.E}&A#A#(&,C%%."3&Y#%5&2#A#(&?(--&()/&A#A#(&,C%%."&A#C1/&(1-#&,.&!"#/CA./&/*".A%1>&B"#?&%5.&A#A#(&,.()-3&=5*-&?(--&*-&?.1%./&%#&A".(%.&A#A#(&1*yC#"&()/&B"#?&%5*-&1*yC#"&A#?.-&A#A#(&,C%%."3&J)A.&%5.&,C%%."&*-&?()CB(A%C"./9&!"#A.--*)'&%(G.-&%F#&?(*)&"#C%.-N&!"#A.--*)'&#B&A5#A#1(%.&()/&A#A#(&!#F/."3&;&).F&%".)/&5(-&".A.)%1>&.?."'./9&%5(%&C-.-&A#A#(&,C%%."&*)&%5.&?()CB(A%C"*)'&#B&!5("?(A.C%*A(1&()/p#"&-G*)&A(".&!"#/CA%-3
=5.& ?#-%& *?!#"%()%& '"*)/."-& *)A1C/.& 2("'*119& Y("">& 2(11.,(C%& ()/&;g09& F5*A5& A#)%"#1&k[7j&#B&'1#,(1&A#A#(&!"#A.--*)'3&0("-&e)A#"!#"(%./9&H.-%1U9&W."-5.>9&b"(B%&:##/-9&2(/,C">&<A5F.!!.-& ()/& :.""."#& (".& %5.&?#-%& *?!#"%()%&?()CB(A%C"."-9& ()/& A#)%"#1& kR8j&#B& %5.&A5#A#1(%.&?("G.%&DJ^B(?9&677\E3
0*)#"&W("@.-% 0(>#"&W("@.-%
!(+,#$H$>$R,.+(,$d(/7#%'$:#(%.*%$.8$I.-.(
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable TradeX7
References
z& �=5.&25#A#1(%.&e)/C-%">3� ICCO3&M.,3&0("3&67Q63&5%%!NppFFF3*AA#3#"'p(,#C%pA5#A#1(%.3
(-!^3
z& �2#A#(&f(1C.&25(*)3�&Tropical Commodity Coalition.M.,3&<.!%3&67QQ3&5%%!NppFFF3G#B$.A#(1*-
%*.3)1p%AAp2#??#/*%*.-p2#A#(pf(1C.P25(*)3
z& 2JH;2;gJ9&2#A#(&2#P#!."(%*@.9&g#?*)*A()&a.!C,1*A3The Fairtrade Foundation3&M.,3&
;!"3&67Q63&5%%!NppFFF3B(*"%"(/.3#"'3CGp!"#/CA."-pA(A(#pA#)(A(/#qA#A#(qA##!."(%*@.q
/#?*)*A()q".!C,1*A3(-!^3
z& [email protected]#!*)'&Y.-%&_"(A%*A.&IC*/.1*).-&B#"&<C-%(*)(,1.&0#/.1-&#B&2#A#(&_"#/CA%*#)&%#&
0(^*?*+.&=5.*"&e?!(A%-&#)&Y*#/*@."-*%>&_"#%.A%*#)o3&J$<@&KK.&H/$#0+:9&66&g.A3&677]3&
M.,3&0("3&67Q63&5%%!NppFFF3FFB3/Gp/Gp<."@*A.pY*,1*#%.Gp&MM:Z*Z;-*.)pa(!!#"%."Z?@3p
2#A#(q".!#"%qFFB3
z& :.""."#&2()(/(3&CSR Report 2009-2010.&M.,3&;!"3&67Q63&5%%!NppFFF3B.""."#3A(p-#A*(1P
".-!#)-*,*1*%>p677\P67Q7p3
z& :##/&()/&;'"*AC1%C".&J"'()*+(%*#)&#B&%5.&S)*%./&H(%*#)-3&FAOSTAT3&M.,3&67Q63&5%%!NppB(-
#-%(%3B(#3#"'pt1()'u.)3
z& �W."-5.>&M*11&JBB."&2."%*$./&25#A#1(%.&:#11#F*)'&2#)-C?."Pg"*@.)&2(?!(*')3�&PR
Newswire3&M.,3&;!"3&67Q63&5%%!Npp&FFF3!").F-F*".3A#?p).F-P".1.(-.-p5."-5.>PF*11P#BB."P
A."%*$./PA5#A#1(%.PB#11#F*)'PA#)-C?."P/"*@.)PA(?!(*')PQXT[88QT[35%?13
z& �JC"&<C!!1>&25(*)N&2#A#(3�&Mars3&M.,3&0("3&67Q63&5%%!NppFFF3?("-3A#?p'1#,(1p(,#C%P
?("-p?("-P!*(p#C"P-C!!1>PA5(*)pA#A#(3(-!^3
z& _.%."-PW(1B,"#/%9&<(,*).3&�b"(B%&:##/-&4^%.)/-&2#??*%?.)%&%#&<C-%(*)(,1.&2#A#(&
:("?*)'3�&Kraft Foods3&M.,3&5%%!Npp!5^3A#"!#"(%.P*"3).%p!5#.)*^3+5%?1tAuQ6\787v!u*"#1P
).F-;"%*A1.veguQX[T[[Qv5*'51*'5%u3
z& _#%%-9&d(-#)9&d.--*A(&f()&g."&0.."9&()/&d(A1>)&g(*%A5?()3&n=5.&<%(%.&#B&<C-%(*)(,*1*%>&e)*%*(-
%*@.-&a.@*.F&67Q7N&<C-%(*)(,*1*%>&()/&="()-!(".)A>o.&_C,1*A(%*#)3&IISD, IIED, Aidenvironment,
UNCTAD, ENTWINED,&67Q73&M.,3&5%%!NppFFF3**-/3#"'p!/Bp67Q7p--*q-C-%(*)(,*1*%>q".-
@*.Fq67Q73!/B3
z& <#A*#-&;).A(A(#3&Anecacao3&M.,3&;!"3&67Q63&5%%!NppFFF3().A(A(#3A#?p*)/.^3!5!p.-p-#A*-
#-P/.P().A(A(#35%?13
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable TradeXQ
2JH=;2=
i#C&A()&A#)%(A%&C-&(%&:*)()A.&;11*()A.&B#"&<C-%(*)(,1.&="(/.Q6RR&"C.&S)*@."-*%>9&<C*%.&T7Q0#)%"U(19&V2&WXY&XMX&Canada
=.1N&ZQPRQ[P8R\P]]6]
:(^N&ZQPRQ[P8R\P]]7X
M.,NFFF3B(-%*)%.")(%*#)(13#"'
=F*%%."N�:;<=qe)%1
:#"&*)yC*"*.-&(,#C%&%5*-&".!#"%&!1.(-.&A#)%(A%NA"*-%*)(31("".(�B(-%*)%.")(%*#)(13#"'
_*A%C".&A"./*%-N
;)/".>&b5"#,#-%#@Y"*()&0##/>5%%!Npp/*@*)./.1*'5%-3F#"/!".--3A#?5%%!NppF5>/#F.1#@.A5#A#1(%.3F#"/!".--3A#?5%%!Npp)*"#-5(,?@3F#"/!".--3A#?
=5*-&".!#"%&5(-&,..)&!".!("./&,>&:;<=&()/&/.-*')./&,>&0("*(&Y(""()%.-
�&67Q6&:*)()A.&;11*()A.&B#"&<C-%(*)(,1.&="(/.
A Brief Overview of the Sustainable Cocoa Sector in Latin America and the Caribbean Finance Alliance for Sustainable TradeX6
YC*1/*)'&YC-*).--.-&()/&`*@.1*5##/-&%5"#C'5&
Sustainable Trade Finance
FFF3B(-%*)%.")(%*#)(13#"'