At the 3rd World Cocoa Conference in Bávaro, Dominican Republic, the panel at the Women in Cocoa and Chocolate networking event included (left to right) Cathy Pieters (Mondelēz), Massandjé Touré-Litsé (Conseil Café Cacao, Côte d’Ivoire), author and broadcaster Simran Sethi, the moderator, and chef and chocolate expert Maricel Presilla
ICCO Executive Director Dr. Jean-Marc Anga welcomes a record number of participants to the 3rd edition of the World Cocoa Conference in Bávaro, Dominican Republic, in the presence of dignitaries from the host country as well as Côte d’Ivoire, Germany and Ecuador
A huge crowd of participants fills the vast main hall at the Barceló Bávaro Convention Center for the opening panel sessions of the 3rd edition of the World Cocoa Conference, held for the first time in the Western Hemisphere in the Dominican Republic from 22-25 May
|Previous Prices||26 Oct 2016||25 Oct 2016|
|ICCO daily price (SDRs/tonne)||1971.02||1958.56|
|ICCO daily price (US$/tonne)||2708.29||2687.53|
|London futures (£ sterling/tonne)||2223.33||2216.00|
|New York futures (US$/tonne)||2686.67||2668.00|
The ICCO's attention to cocoa production is the mirror image of its work on cocoa consumption. Issues such as the environment, as well as economic and social sustainability play prominent roles in cocoa production. Cocoa is predominantly a smallholder crop, as more than 90% of world cocoa production originates from small farms. In Africa and Asia, a typical smallholder cocoa farm covers only 2 to 5 hectares of land.
An overview of trends in production is included in the annual analysis on the world cocoa market (which can be accessed here). Analyses of factors underlying the growth of cocoa production are hindered by a lack of knowledge of the available cocoa resources in cocoa producing countries. Such a lack of knowledge also limits the development of rational policies in cocoa producing countries. Hence the ICCO encourages producer countries to improve the basic knowledge of the cocoa resource base.
This area comprises: production policies for sustainability, efforts to improve the functioning of the cocoa supply chain, preservation of the environment in cocoa production, diversification, etc. The Consultative Board is currently reviewing a number of project proposals that have been tailored to address the need to achieve sustainable cocoa production.
Cocoa pests and diseases have a very negative effect on annual cocoa production, requiring much more natural resources (land) than would normally be the case without such losses. Resistant planting material can greatly reduce crop losses, as can best practice in farming techniques. Special efforts appear to be essential in order to prevent and contain the international and global spread of cocoa pests and diseases. For these reasons, the Secretariat has been involved with a number of stakeholders in developing projects aimed at dealing with the spread of pest and diseases.
Acquiring a better insight into the costs of cocoa production, trade and exports in different countries and regions has been considered by the Consultative Board on the World Cocoa Economy, as the Board views such information as one of the building blocks for a sustainable cocoa economy.