{"id":9802,"date":"2020-05-08T12:48:47","date_gmt":"2020-05-08T10:48:47","guid":{"rendered":"http:\/\/demo.the-international-cocoa-organization.org\/?page_id=9802"},"modified":"2023-04-25T16:37:20","modified_gmt":"2023-04-25T14:37:20","slug":"economy","status":"publish","type":"page","link":"https:\/\/www.icco.org\/economy\/","title":{"rendered":"Economy"},"content":{"rendered":"<div class='clear'><\/div><div id='sub_menu1'  class='av-submenu-container av-clyd15-93c866727a14b9894040e48f88e6c1bb alternate_color  avia-builder-el-0  el_before_av_section  avia-builder-el-first  av-sticky-submenu container_wrap sidebar_right' style='z-index:301' ><div class='container av-menu-mobile-disabled av-submenu-pos-center'><ul id='av-custom-submenu-1' class='av-subnav-menu' role='menu'>\n<li class='menu-item av-2str56-a340cf1839759ec24c47eaaafa20702b menu-item-top-level menu-item-top-level-1' role='menuitem'><a href='#board'  ><span class='avia-bullet'><\/span><span class='avia-menu-text'>Consultative Board on the World Cocoa Economy <\/span><\/a><\/li>\n<li class='menu-item av-3a3jei-4fb05682ce36555f0309d2ed572af8d1 menu-item-top-level menu-item-top-level-2' role='menuitem'><a href='#market'  ><span class='avia-bullet'><\/span><span class='avia-menu-text'>The World Cocoa Market<\/span><\/a><\/li>\n<li class='menu-item av-f51wqi-e56a2d84eea1683ce95cbff912b76539 menu-item-top-level menu-item-top-level-3' role='menuitem'><a href='#sustainability '  ><span class='avia-bullet'><\/span><span class='avia-menu-text'>Sustainability of the World Cocoa Economy <\/span><\/a><\/li>\n<li class='menu-item av-16poo1-77f7a42d115fbf67983fd84c6ff2e8a1 menu-item-top-level menu-item-top-level-4' role='menuitem'><a href='#quality'  ><span class='avia-bullet'><\/span><span class='avia-menu-text'>Cocoa Quality<\/span><\/a><\/li>\n<\/ul><\/div><\/div><div class='sticky_placeholder'><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bobew9-bb2c576aa1b34469940702f5cef9c3e3\">\n.avia-section.av-bobew9-bb2c576aa1b34469940702f5cef9c3e3 .av-section-color-overlay{\nopacity:0.3;\nbackground-image:url(http:\/\/preprod.monsieurbak.com\/clients\/icco\/wp-content\/uploads\/2016\/05\/cocoa-pattern-2-300x250.png);\nbackground-repeat:repeat;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-bobew9-bb2c576aa1b34469940702f5cef9c3e3 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-1  el_after_av_submenu  el_before_av_section  avia-bg-style-scroll av-section-color-overlay-active av-minimum-height av-minimum-height-custom av-height-custom  container_wrap sidebar_right'   data-av_minimum_height_px='200'><div class=\"av-section-color-overlay-wrap\"><div class=\"av-section-color-overlay\"><\/div><div class='container av-section-cont-open' style='height:200px'><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9802'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bgxfa1-b6858597118a0f1ec2fd415d28b3068d\">\n#top .av-special-heading.av-bgxfa1-b6858597118a0f1ec2fd415d28b3068d{\npadding-bottom:10px;\ncolor:#622812;\n}\nbody .av-special-heading.av-bgxfa1-b6858597118a0f1ec2fd415d28b3068d .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-bgxfa1-b6858597118a0f1ec2fd415d28b3068d .special-heading-inner-border{\nborder-color:#622812;\n}\n.av-special-heading.av-bgxfa1-b6858597118a0f1ec2fd415d28b3068d .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-bgxfa1-b6858597118a0f1ec2fd415d28b3068d av-special-heading-h1 custom-color-heading blockquote modern-quote modern-centered  avia-builder-el-2  avia-builder-el-no-sibling '><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >Cocoa Economy Informations<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><\/div><div id='board'  class='avia-section av-14r0op-698d1767403d8827842e36b92efe250d main_color avia-section-large avia-no-border-styling  avia-builder-el-3  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9802'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column_table av-b3kzr5-1149b321ca04b056f49993f273b503c8 sc-av_one_full av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-b3kzr5-1149b321ca04b056f49993f273b503c8\">\n.flex_column.av-b3kzr5-1149b321ca04b056f49993f273b503c8{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-b3kzr5-1149b321ca04b056f49993f273b503c8 av_one_full  avia-builder-el-4  el_before_av_one_half  avia-builder-el-first  first flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-581r9m-5e87069d89542d2e7217c5275de2b31e\">\n#top .av-special-heading.av-581r9m-5e87069d89542d2e7217c5275de2b31e{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-581r9m-5e87069d89542d2e7217c5275de2b31e .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-581r9m-5e87069d89542d2e7217c5275de2b31e .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-581r9m-5e87069d89542d2e7217c5275de2b31e av-special-heading-h2  avia-builder-el-5  el_before_av_hr  avia-builder-el-first '><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >Consultative Board on the World Cocoa Economy<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-atw3kh-1de5a2e3a5bc85f33b06eb3f735d0521\">\n#top .hr.hr-invisible.av-atw3kh-1de5a2e3a5bc85f33b06eb3f735d0521{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-atw3kh-1de5a2e3a5bc85f33b06eb3f735d0521 hr-invisible  avia-builder-el-6  el_after_av_heading  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-apt3wh-a8e94b0002533dd45f60c246c5758399 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>The creation of the\u00a0<span style=\"color: #000000;\"><strong>Consultative Board on the World Cocoa Economy<\/strong>\u00a0<\/span>(hereafter referred to as <strong>The Board<\/strong>) was one of the major innovations of the International Cocoa Agreement, 2001.<\/p>\n<\/div><\/section><\/p><\/div><\/div><!--close column table wrapper. Autoclose: 1 -->\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-cg440q-9f42706285fd941093352ec21660ca0e\">\n.flex_column.av-cg440q-9f42706285fd941093352ec21660ca0e{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-cg440q-9f42706285fd941093352ec21660ca0e av_one_half  avia-builder-el-8  el_after_av_one_full  el_before_av_one_half  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-a79bs1-129abc4c85e1255dc1cc951cfd4680c1 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Mandate<\/strong><\/p>\n<p>The Board is an advisory body to the International Cocoa Council, whose mandate is to provide advice to the Council on key challenges affecting the world cocoa economy. Challenges include, but are not limited to:<\/p>\n<ol>\n<li>Development of a sustainable cocoa economy;<\/li>\n<li>Ways and means of strengthening the position of cocoa farmers, with a view to improving their livelihoods;<\/li>\n<li>Long-term structural developments in supply and demand;<\/li>\n<li>Proposals to encourage the sustainable production, trade and use of cocoa;<\/li>\n<li>Elaboration of the modalities and frameworks for the promotion of consumption; and<\/li>\n<li>Any other cocoa-related matters.<\/li>\n<\/ol>\n<p>In order to carry out its mandate, The Board maintains a close cooperation with the Council and its subsidiary bodies, as well as with various cocoa stakeholders at the international and national level to coordinate and implement activities.<\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bdav3e-793b0467d8fd7b645a5699faeb78af46\">\n.flex_column.av-bdav3e-793b0467d8fd7b645a5699faeb78af46{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-bdav3e-793b0467d8fd7b645a5699faeb78af46 av_one_half  avia-builder-el-10  el_after_av_one_half  avia-builder-el-last  flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-xluyx-a3f80082470174f94abc93ebe30f7f19 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p><strong>Membership<\/strong><\/p>\n<p>The Board consists of representatives of cocoa stakeholders from private sector and civil society in exporting and importing countries, including national public-private platforms. In this regard, and to ensure that all relevant sectors are represented within the Board, the membership is divided between exporting\/importing countries, and along the following categories:<\/p>\n<ul>\n<li>Cocoa Regulatory and Marketing Boards \/ Public-Private Entities<\/li>\n<li>Industry (manufacturers, processors and traders)<\/li>\n<li>Business Associations<\/li>\n<li>Consultants\/Research Institutions<\/li>\n<li>Civil Society\/NGOs<\/li>\n<li>Financial Institutions<\/li>\n<\/ul>\n<p>The International Cocoa Agreement, 2010 establishes that Board members, and their alternates, will be appointed by the Council every two cocoa years. The latest appointment, for the period 2018\/19 \u2013 2019\/20, established a parity of 50 members, 25 coming from exporting Member countries and 25 from importing Member countries.<\/p>\n<p>Candidates for membership are designated by their national governments.<\/p>\n<\/div><\/section><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-91ufpl-034eed60c390d950cd2c2e696945a8ef\">\n.avia-section.av-91ufpl-034eed60c390d950cd2c2e696945a8ef{\nbackground-color:#f2f2f2;\nbackground-image:unset;\n}\n<\/style>\n<div id='market'  class='avia-section av-91ufpl-034eed60c390d950cd2c2e696945a8ef main_color avia-section-large avia-no-border-styling  avia-builder-el-12  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9802'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column_table av-8w0a4h-cf3d4f2d8bc8f921e835d766989ed53b sc-av_one_half av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-8w0a4h-cf3d4f2d8bc8f921e835d766989ed53b\">\n.flex_column.av-8w0a4h-cf3d4f2d8bc8f921e835d766989ed53b{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-8w0a4h-cf3d4f2d8bc8f921e835d766989ed53b av_one_half  avia-builder-el-13  el_before_av_one_half  avia-builder-el-first  first flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-n7oq2-dcff8add2d1c5f03c90ede00bf38c2ea\">\n#top .av-special-heading.av-n7oq2-dcff8add2d1c5f03c90ede00bf38c2ea{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-n7oq2-dcff8add2d1c5f03c90ede00bf38c2ea .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-n7oq2-dcff8add2d1c5f03c90ede00bf38c2ea .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-n7oq2-dcff8add2d1c5f03c90ede00bf38c2ea av-special-heading-h2  avia-builder-el-14  el_before_av_hr  avia-builder-el-first '><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >The World Cocoa Market<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-31xqx-0820f9ac47eb5b10ec8770ee2d657398\">\n#top .hr.hr-invisible.av-31xqx-0820f9ac47eb5b10ec8770ee2d657398{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-31xqx-0820f9ac47eb5b10ec8770ee2d657398 hr-invisible  avia-builder-el-15  el_after_av_heading  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-8bmkjl-8e5c03b8d472970e3c0039f3abb7e42b '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>The ICCO constantly follows and analyses the world cocoa market. Each month, recent developments in the market are reviewed together with longer-term trends and forecasts. The findings resulting from these analyses are subsequently translated into recommendations for ICCO Member countries and other relevant stakeholders. The ICCO Secretariat carries out the following analyses.<\/p>\n<\/div><\/section><\/p><\/div><div class='av-flex-placeholder'><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-89gxsh-c4530c56d00780131c29740b27c43e2d\">\n.flex_column.av-89gxsh-c4530c56d00780131c29740b27c43e2d{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\nbackground:url(https:\/\/www.icco.org\/wp-content\/uploads\/2016\/05\/category9.jpg) 0% 0% no-repeat scroll ;\n}\n<\/style>\n<div  class='flex_column av-89gxsh-c4530c56d00780131c29740b27c43e2d av_one_half  avia-builder-el-17  el_after_av_one_half  el_before_av_one_half  flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding avia-full-stretch  '     ><\/div><\/div><!--close column table wrapper. Autoclose: 1 --><div class='flex_column_table av-7wsxw9-556745ad51ab74eda624b1fd1cff534d sc-av_one_half av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-7wsxw9-556745ad51ab74eda624b1fd1cff534d\">\n.flex_column.av-7wsxw9-556745ad51ab74eda624b1fd1cff534d{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-7wsxw9-556745ad51ab74eda624b1fd1cff534d av_one_half  avia-builder-el-18  el_after_av_one_half  el_before_av_one_half  first flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1fv4q-74275103099649f87d11aea05cfa8e34\">\n#top .av-special-heading.av-1fv4q-74275103099649f87d11aea05cfa8e34{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-1fv4q-74275103099649f87d11aea05cfa8e34 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-1fv4q-74275103099649f87d11aea05cfa8e34 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-1fv4q-74275103099649f87d11aea05cfa8e34 av-special-heading-h3 blockquote modern-quote modern-centered  avia-builder-el-19  el_before_av_textblock  avia-builder-el-first '><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >Monthly Reviews<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-7i4ckp-d0a39934fa877de2403a65cca8d69a81 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>The Monthly Review of the world cocoa market provides a regular update on the economic developments in the sector. The review mostly focuses on the evolution of international prices, on the changes in production, grindings, stocks and prices of semi-finished products, as well as the estimates for production and grindings for the current season. <a href=\"http:\/\/icco.org\/statistics\/#review\" target=\"_blank\" rel=\"noopener\">You can find the latest Monthly Review here.<\/a><\/p>\n<\/div><\/section><\/p><\/div><div class='av-flex-placeholder'><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-7einld-a30693efdc34987cec802335a6399e10\">\n.flex_column.av-7einld-a30693efdc34987cec802335a6399e10{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-7einld-a30693efdc34987cec802335a6399e10 av_one_half  avia-builder-el-21  el_after_av_one_half  avia-builder-el-last  flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-9ri62-9d2c8a95d742ea15ab66d4a29271b829\">\n#top .av-special-heading.av-9ri62-9d2c8a95d742ea15ab66d4a29271b829{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-9ri62-9d2c8a95d742ea15ab66d4a29271b829 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-9ri62-9d2c8a95d742ea15ab66d4a29271b829 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-9ri62-9d2c8a95d742ea15ab66d4a29271b829 av-special-heading-h3 blockquote modern-quote modern-centered  avia-builder-el-22  el_before_av_textblock  avia-builder-el-first '><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >Quarterly Bulletin of Cocoa Statistics<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-718n9d-294ba992ada399ad30beb67042202768 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p><a href=\"https:\/\/www.icco.org\/shop\/quarterly-bulletin-of-cocoa-statistics-english\/\" target=\"_blank\" rel=\"noopener\">The Quarterly Bulletin of Cocoa Statistics<\/a> provides reliable data and long-term trends on the cocoa economy from 1960 onwards covering most cocoa producing and importing countries.<\/p>\n<p>It is published in February, May, August and November, and contains the following:<\/p>\n<ul>\n<li>Review and developments in the world cocoa market.<\/li>\n<li>Charts on cocoa bean production, grindings, stocks and prices of cocoa beans.<\/li>\n<li>World production and grindings of cocoa beans by region and country.<\/li>\n<li>ICCO composite cocoa bean prices in SDRs and US dollars.<\/li>\n<li>Cocoa bean prices on the London and New York futures markets.<\/li>\n<li>Trade in cocoa beans, cocoa products and chocolate by country of origin and destination of exports for major importing and exporting countries.<\/li>\n<\/ul>\n<\/div><\/section><\/p><\/div><\/div><!--close column table wrapper. Autoclose: 1 -->\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='sustainability'  class='avia-section av-68zhz5-49f0fec3b2d83e398f10c7dcba2055e9 main_color avia-section-large avia-no-border-styling  avia-builder-el-24  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9802'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column_table av-60hq9d-05e7d093cdfdcbdd0d4fa91aba1d7d76 sc-av_one_full av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-60hq9d-05e7d093cdfdcbdd0d4fa91aba1d7d76\">\n.flex_column.av-60hq9d-05e7d093cdfdcbdd0d4fa91aba1d7d76{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-60hq9d-05e7d093cdfdcbdd0d4fa91aba1d7d76 av_one_full  avia-builder-el-25  el_before_av_one_half  avia-builder-el-first  first flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-962pmi-cca22d545185897f40f024079ac9c3e0\">\n#top .av-special-heading.av-962pmi-cca22d545185897f40f024079ac9c3e0{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-962pmi-cca22d545185897f40f024079ac9c3e0 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-962pmi-cca22d545185897f40f024079ac9c3e0 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-962pmi-cca22d545185897f40f024079ac9c3e0 av-special-heading-h2  avia-builder-el-26  el_before_av_hr  avia-builder-el-first '><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >Sustainability of the World Cocoa Economy <\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-5pllqx-ca90d3bf57582a3ab04d3f1c0580e54f\">\n#top .hr.hr-invisible.av-5pllqx-ca90d3bf57582a3ab04d3f1c0580e54f{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-5pllqx-ca90d3bf57582a3ab04d3f1c0580e54f hr-invisible  avia-builder-el-27  el_after_av_heading  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-5l0ztl-4e6715e7e6db74621830d817e2b824f1 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>As described in ICCO documents, in particular \u2018<strong>Sustainable Cocoa Economy: a Comprehensive and Participative Approach<\/strong>\u2019, achieving a sustainable cocoa economy requires taking into consideration the problems that affect the three pillars of sustainability: economic, environmental and social. Furthermore, among the various groups of stakeholders within the cocoa value chain, cocoa producers remain the weakest link and as a result face the greatest challenges.<\/p>\n<p>The world cocoa economy is experiencing some issues that are threatening the sustainability of the cocoa sector. Firstly, the living income of cocoa farmers has not improved despite several initiatives taken to address the issue. Most cocoa farmers are still living below the poverty line with very low living standards. Furthermore, there has been a rise in environmental and social advocacy in commodity supply chains including cocoa. Challenges regarding deforestation, labour and social ethics in the cocoa sector are influencing consumption patterns for cocoa and chocolate products.<\/p>\n<p>During the first World Cocoa Conference, which took place in Abidjan, C\u00f4te d\u2019Ivoire in 2012, all the major cocoa stakeholders adopted the Global Cocoa Agenda \u2013 a roadmap towards achieving a sustainable world cocoa economy.<\/p>\n<p>Within the Global Cocoa Agenda (GCA), four overarching strategic challenges were identified: sustainable production, sustainable industry chain, sustainable cocoa consumption, and strategic management. For each of these challenges, the GCA outlines a range of recommended actions. Since its adoption, the ICCO has assisted its Members in adopting the recommendations highlighted in the GCA. One of the main objectives of the ICCO Secretariat latest 5-year Strategic Plan of Action (2019-2024) is to turn the ICCO into an <i>organisation<\/i>\u00a0that contributes to the achievement of the <strong>Sustainable Development Goals<\/strong> (SDGs) and the objectives of the <strong>Global Cocoa Agenda<\/strong> while focusing on the economic and social sustainability of the cocoa supply chain, with a special emphasis on the living income of the cocoa farmers.<\/p>\n<\/div><\/section><\/p><\/div><\/div><!--close column table wrapper. Autoclose: 1 --><div class='flex_column_table av-4aq08x-73ade846bddc897dfda600c5be4364b4 sc-av_one_half av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4aq08x-73ade846bddc897dfda600c5be4364b4\">\n.flex_column.av-4aq08x-73ade846bddc897dfda600c5be4364b4{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-4aq08x-73ade846bddc897dfda600c5be4364b4 av_one_half  avia-builder-el-29  el_after_av_one_full  el_before_av_one_half  first flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1b23i2-a6d1bf4a1e73fdd4007d1b973ca09506\">\n#top .av-special-heading.av-1b23i2-a6d1bf4a1e73fdd4007d1b973ca09506{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-1b23i2-a6d1bf4a1e73fdd4007d1b973ca09506 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-1b23i2-a6d1bf4a1e73fdd4007d1b973ca09506 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-1b23i2-a6d1bf4a1e73fdd4007d1b973ca09506 av-special-heading-h3  avia-builder-el-30  el_before_av_hr  avia-builder-el-first '><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >Sustainable Cocoa Production<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3w93xl-953495a9d211325231e44f2fa91b3156\">\n#top .hr.hr-invisible.av-3w93xl-953495a9d211325231e44f2fa91b3156{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-3w93xl-953495a9d211325231e44f2fa91b3156 hr-invisible  avia-builder-el-31  el_after_av_heading  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-3qqul5-28de19c1423d0c3dc4391cbcbf19d3c4 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Sustainable cocoa production is of paramount importance to the ICCO. Indeed, assisting Member countries in achieving the 3 pillars of sustainability \u2013 economic, social and environmental \u2013 in the production of cocoa is one of the ICCO\u2019s main missions .<\/p>\n<p>Cocoa production is predominantly carried out by smallholders, as more than 90% of world cocoa farmers have plots of land of between 2-5 hectares. Furthermore, cocoa farmers remain the weakest link in the value chain. As a result, farmers remain in poor living conditions, or near poverty, without access to basic social services, and without the tools or incentives to implement environmentally-friendly production practices.<\/p>\n<\/div><\/section><\/p><\/div><div class='av-flex-placeholder'><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3kngft-7012ab987a5648661e90f62fe40c9fa3\">\n.flex_column.av-3kngft-7012ab987a5648661e90f62fe40c9fa3{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\nbackground:url(https:\/\/www.icco.org\/wp-content\/uploads\/2019\/10\/chocolate-poured-center-disc.jpg) 0% 0% no-repeat scroll ;\n}\n<\/style>\n<div  class='flex_column av-3kngft-7012ab987a5648661e90f62fe40c9fa3 av_one_half  avia-builder-el-33  el_after_av_one_half  el_before_av_one_half  flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  column-top-margin'     ><\/div><\/div><!--close column table wrapper. Autoclose: 1 --><div class='flex_column_table av-38t2wh-082a6cd25118f9c65e1f465b444a386b sc-av_one_half av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-38t2wh-082a6cd25118f9c65e1f465b444a386b\">\n.flex_column.av-38t2wh-082a6cd25118f9c65e1f465b444a386b{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-38t2wh-082a6cd25118f9c65e1f465b444a386b av_one_half  avia-builder-el-34  el_after_av_one_half  el_before_av_one_half  first flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-au49ze-f6da228f9521f9c327ce176b056ebcfc\">\n#top .av-special-heading.av-au49ze-f6da228f9521f9c327ce176b056ebcfc{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-au49ze-f6da228f9521f9c327ce176b056ebcfc .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-au49ze-f6da228f9521f9c327ce176b056ebcfc .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-au49ze-f6da228f9521f9c327ce176b056ebcfc av-special-heading-h3 blockquote modern-quote modern-centered  avia-builder-el-35  el_before_av_textblock  avia-builder-el-first '><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >Trends in Production<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-2vj3c9-5c22419c1d1062f6b2dd8322acb9d096 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>While there is a clear trend of increasing cocoa production, yearly outputs are extremely volatile. This is typically the result of unexpected changes in weather conditions as well as the spread of pests and diseases affecting certain production areas. Moreover, part of this volatility also comes from unexpected overperformance or underperformance in production, due to the limited knowledge on the cocoa resources in cocoa producing countries.<\/p>\n<p>This lack of knowledge makes it difficult to properly manage and estimate production, while also limiting the development of rational policies in cocoa producing countries. Hence, the ICCO encourages producer countries to carry out inventories of their cocoa resources to take better stock of their cocoa sector.<\/p>\n<p>The ICCO also supports its Member countries in the development and implementation of National Cocoa Development Plans (NCDP) \u2013 aligned with their national agricultural plans. Having a NCDP allows countries to properly assess their strengths and limitations, and helps coordinate stakeholders in the sector towards achieving a common goal and objectives.<\/p>\n<p style=\"text-align: justify;\">An overview of trends in production is included in the Quarterly Bulletin of Cocoa Statistics, which <a href=\"http:\/\/icco.org\/february-2020-quarterly-bulletin-of-cocoa-statistics\/\" target=\"_blank\" rel=\"noopener\">can be accessed here<\/a>.<\/p>\n<\/div><\/section><\/p><\/div><div class='av-flex-placeholder'><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-26xl95-7453259aa41c7ace625603c7765b77e6\">\n.flex_column.av-26xl95-7453259aa41c7ace625603c7765b77e6{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-26xl95-7453259aa41c7ace625603c7765b77e6 av_one_half  avia-builder-el-37  el_after_av_one_half  el_before_av_one_full  flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-9uxzka-2aa29db6f7a7887a7da2aa949409c2b1\">\n#top .av-special-heading.av-9uxzka-2aa29db6f7a7887a7da2aa949409c2b1{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-9uxzka-2aa29db6f7a7887a7da2aa949409c2b1 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-9uxzka-2aa29db6f7a7887a7da2aa949409c2b1 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-9uxzka-2aa29db6f7a7887a7da2aa949409c2b1 av-special-heading-h3 blockquote modern-quote modern-centered  avia-builder-el-38  el_before_av_textblock  avia-builder-el-first '><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >Pests and Diseases<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-1z6nl5-d00f87dae993ac63dbf5b5a9fb77edfc '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Cocoa pests and diseases have a very negative effect on yearly cocoa production volumes, 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 practices 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 continues to be involved with a number of stakeholders in developing projects aimed at dealing with the spread of different pests and diseases in cocoa producing regions.<\/p>\n<\/div><\/section><\/p><\/div><\/div><!--close column table wrapper. Autoclose: 1 -->\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2u11sa-135d32966fffa9dc84accd19a10cf1fc\">\n.flex_column.av-2u11sa-135d32966fffa9dc84accd19a10cf1fc{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-2u11sa-135d32966fffa9dc84accd19a10cf1fc av_one_full  avia-builder-el-40  el_after_av_one_half  el_before_av_one_full  first flex_column_div av-zero-column-padding  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-7fwmmy-bfb526e133fd3213415cc254faf2c73b\">\n#top .av-special-heading.av-7fwmmy-bfb526e133fd3213415cc254faf2c73b{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-7fwmmy-bfb526e133fd3213415cc254faf2c73b .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-7fwmmy-bfb526e133fd3213415cc254faf2c73b .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-7fwmmy-bfb526e133fd3213415cc254faf2c73b av-special-heading-h3  avia-builder-el-41  el_before_av_textblock  avia-builder-el-first '><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >Sustainability Issues<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-2cz6l5-8e9e6ff36ef2c430289878390995c565 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>There are several issues affecting the sustainability of the world cocoa economy. The value cocoa farmers get for their cocoa within the value chain is unsustainable as it does not allow them to achieve a decent standard of living for them and their families. This has created a crisis on the production side due to farmers not properly taking care of their farms and \u00a0younger generations of farmers leaving the countryside to migrate to cities in search of jobs.<\/p>\n<p>Currently there are several efforts, led by various stakeholders in the cocoa sector, to determine what the <strong>living income<\/strong> for cocoa farmers should be, how to calculate it, and ultimately how to apply it within the cocoa value chain.<\/p>\n<p>Poverty among cocoa farmers in certain regions has led to other forms of sustainability issues, such as cases of <strong>child labour<\/strong> in cocoa farms, or <strong>deforestation<\/strong> linked to the expansion of cocoa production. It is worth noting that these issues do not affect all cocoa producing regions, but rather are focalized on certain areas where efforts need to be increased.<\/p>\n<p>At a global level, cocoa production is not the main driving force behind global deforestation. However, in recent years, smallholding cocoa farming has attracted the spotlight for being the driver in some deforestation hotspots. And this development occurred despite the presence of certification schemes which were created to deliver a sustainable cocoa production.<\/p>\n<p>During 2018, the issue of deforestation gained momentum, capturing the attention of governments and lawmakers. Several European governments called for concrete actions, especially to address the deforestation in the cocoa sector. The European Parliament held a hearing on \u201cCocoa and Coffee &#8211; devastating rainforests and driving child labour\u201d on 11 July 2018, and a brainstorming session on \u201cDeveloping legally binding approaches to address child labour and deforestation in EU cocoa imports\u201d on 21 November 2018.<\/p>\n<p>In December 2018, the European Commission (EC) initiated a consultation of citizens and stakeholders on the broad issue of deforestation and forest degradation. During this consultation process, the <a href=\"http:\/\/icco.org\/icco-response-to-the-eu-initiative-on-stepping-up-action-against-deforestation-and-forest-degradation-2\/\" target=\"_blank\" rel=\"noopener\">ICCO Secretariat encouraged its Member countries to provide feedback<\/a> on the EC\u2019s initiative, and also provided feedback directly to the initiative. Furthermore, during the 99th statutory session of the ICCO Council, in April 2019, Members drafted a Communiqu\u00e9 as a response to the EC initiative.<\/p>\n<p>In July 2019, the European Commission adopted a <a href=\"https:\/\/ec.europa.eu\/info\/publications\/eu-communication-2019-stepping-eu-action-protect-and-restore-worlds-forests_en\" target=\"_blank\" rel=\"noopener\">Communication on Stepping up EU Action to Protect and Restore the World\u2019s Forests,<\/a> with a coherent and comprehensive policy framework to tackle deforestation and forest degradation in commodity supply chains.<\/p>\n<\/div><\/section><\/p><\/div><div class='flex_column_table av-60hq9d-05e7d093cdfdcbdd0d4fa91aba1d7d76 sc-av_one_full av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-60hq9d-05e7d093cdfdcbdd0d4fa91aba1d7d76\">\n.flex_column.av-60hq9d-05e7d093cdfdcbdd0d4fa91aba1d7d76{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-60hq9d-05e7d093cdfdcbdd0d4fa91aba1d7d76 av_one_full  avia-builder-el-43  el_after_av_one_full  el_before_av_one_full  first flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-6ihzvu-2ce49191eff65b5e94276b6f09b85829\">\n#top .av-special-heading.av-6ihzvu-2ce49191eff65b5e94276b6f09b85829{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-6ihzvu-2ce49191eff65b5e94276b6f09b85829 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-6ihzvu-2ce49191eff65b5e94276b6f09b85829 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-6ihzvu-2ce49191eff65b5e94276b6f09b85829 av-special-heading-h3  avia-builder-el-44  el_before_av_hr  avia-builder-el-first '><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >Sustainable Cocoa Consumption<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-5pllqx-ca90d3bf57582a3ab04d3f1c0580e54f\">\n#top .hr.hr-invisible.av-5pllqx-ca90d3bf57582a3ab04d3f1c0580e54f{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-5pllqx-ca90d3bf57582a3ab04d3f1c0580e54f hr-invisible  avia-builder-el-45  el_after_av_heading  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-5l0ztl-4e6715e7e6db74621830d817e2b824f1 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Sustainable cocoa consumption complements sustainable cocoa production, as it aims to secure a steady increase in cocoa and chocolate consumption around the world, mirroring increases in sustainable cocoa production. Strategies for a sustainable cocoa consumption should meet evolving expectations and new consumers trends in traditional\/mature markets as well as in emerging markets and origin (producer) countries. Furthermore, sustainable cocoa consumption should also focus on promoting consumption of new and innovative cocoa-related products related to beverages, cosmetics, pharmaceutical, etc.<\/p>\n<\/div><\/section><\/p><\/div><\/div><!--close column table wrapper. Autoclose: 1 --><div class='flex_column_table av-55yypd-48e74adb21c7671b96dd6e3b653f2f9b sc-av_one_full av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-55yypd-48e74adb21c7671b96dd6e3b653f2f9b\">\n.flex_column.av-55yypd-48e74adb21c7671b96dd6e3b653f2f9b{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-55yypd-48e74adb21c7671b96dd6e3b653f2f9b av_one_full  avia-builder-el-47  el_after_av_one_full  el_before_av_one_full  first flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-53t3gp-668bbaa5ddfe44287a824655b970b09b\">\n.iconbox.av-53t3gp-668bbaa5ddfe44287a824655b970b09b .iconbox_icon{\nbackground-color:#ffffff;\nborder:1px solid #83a846;\ncolor:#83a846;\n}\n.iconbox.av-53t3gp-668bbaa5ddfe44287a824655b970b09b .iconbox_icon.avia-svg-icon svg:first-child{\nfill:#83a846;\nstroke:#83a846;\n}\n<\/style>\n<article  class='iconbox iconbox_top av-53t3gp-668bbaa5ddfe44287a824655b970b09b  avia-builder-el-48  avia-builder-el-no-sibling  main_color'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class=\"iconbox_content\"><header class=\"entry-content-header\" aria-label=\"Icon: Consumption Trends\"><div class='iconbox_icon heading-color avia-iconfont avia-font-entypo-fontello' data-av_icon='\ue8c7' data-av_iconfont='entypo-fontello'  ><\/div><h3 class='iconbox_content_title '  itemprop=\"headline\" >Consumption Trends<\/h3><\/header><div class='iconbox_content_container '  itemprop=\"text\" ><p>The ICCO regularly analyses trends in consumption of the chocolate confectionery market as part of its Quarterly Bulletin of Cocoa Statistics; the latest and past editions of this periodical are available in the <a href=\"https:\/\/www.icco.org\/shop\/quarterly-bulletin-of-cocoa-statistics-english\/\" target=\"_blank\" rel=\"noopener\">Quarterly Bulletin of Cocoa Statistics<\/a> shop.<\/p>\n<p>More short-term market analyses, concentrating on grindings, are available by clicking on the <a href=\"https:\/\/www.icco.org\/statistics\/#production\" target=\"_blank\" rel=\"noopener\">Statistics<\/a> tab (Grindings, Monthly Review of the cocoa market).<\/p>\n<\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><\/div><\/div><!--close column table wrapper. Autoclose: 1 --><div class='flex_column_table av-4g9ggq-5af876a2d84eb64d90dbad5a3d2fa6b3 sc-av_one_full av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4g9ggq-5af876a2d84eb64d90dbad5a3d2fa6b3\">\n.flex_column.av-4g9ggq-5af876a2d84eb64d90dbad5a3d2fa6b3{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-4g9ggq-5af876a2d84eb64d90dbad5a3d2fa6b3 av_one_full  avia-builder-el-49  el_after_av_one_full  avia-builder-el-last  first flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kuh2xaze-5e4d87238d5b7aad0b3bab50943043cb\">\n#top .av-special-heading.av-kuh2xaze-5e4d87238d5b7aad0b3bab50943043cb{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-kuh2xaze-5e4d87238d5b7aad0b3bab50943043cb .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-kuh2xaze-5e4d87238d5b7aad0b3bab50943043cb .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-kuh2xaze-5e4d87238d5b7aad0b3bab50943043cb av-special-heading-h3  avia-builder-el-50  el_before_av_hr  avia-builder-el-first '><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >The cocoa sustainability initiatives landscape<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-rn7u-cf2c54df1af501fe50b05988fd680b8e\">\n#top .hr.hr-invisible.av-rn7u-cf2c54df1af501fe50b05988fd680b8e{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-rn7u-cf2c54df1af501fe50b05988fd680b8e hr-invisible  avia-builder-el-51  el_after_av_heading  el_before_av_codeblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<\/p><\/div><\/div><!--close column table wrapper. Autoclose: 1 -->\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-13vurt-3a659ad1b7b43ac199c4a9ce03e1929d\">\n.avia-section.av-13vurt-3a659ad1b7b43ac199c4a9ce03e1929d{\nbackground-color:#f2f2f2;\nbackground-image:unset;\n}\n<\/style>\n<div id='quality'  class='avia-section av-13vurt-3a659ad1b7b43ac199c4a9ce03e1929d main_color avia-section-large avia-no-border-styling  avia-builder-el-53  el_after_av_section  el_before_av_three_fourth  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9802'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column_table av-38imp-7f4de8d4a67a3a0b110c114c5ad7d837 sc-av_one_full av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-38imp-7f4de8d4a67a3a0b110c114c5ad7d837\">\n.flex_column.av-38imp-7f4de8d4a67a3a0b110c114c5ad7d837{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-38imp-7f4de8d4a67a3a0b110c114c5ad7d837 av_one_full  avia-builder-el-54  avia-builder-el-no-sibling  first flex_column_table_cell av-equal-height-column av-align-top av-zero-column-padding  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-48tyu2-5ca833abbe3ea6e67a50c8d790792b56\">\n#top .av-special-heading.av-48tyu2-5ca833abbe3ea6e67a50c8d790792b56{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-48tyu2-5ca833abbe3ea6e67a50c8d790792b56 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-48tyu2-5ca833abbe3ea6e67a50c8d790792b56 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-48tyu2-5ca833abbe3ea6e67a50c8d790792b56 av-special-heading-h2  avia-builder-el-55  el_before_av_hr  avia-builder-el-first '><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >Cocoa Quality<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-k14u1-9214366a910d26d9be9ec1d2184e0dfc\">\n#top .hr.hr-invisible.av-k14u1-9214366a910d26d9be9ec1d2184e0dfc{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-k14u1-9214366a910d26d9be9ec1d2184e0dfc hr-invisible  avia-builder-el-56  el_after_av_heading  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-cvqmp-2ef44e1a00e335af7f249601199deff4 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Cocoa quality is a very important aspect in the production of cocoa, as higher quality can lead to much-needed increases in revenue for cocoa farmers. Cocoa producing countries in Latin America and the Caribbean, for example, receive high premiums for their cocoa, because of their various quality characteristics: Fine or Flavour varieties, participation in various certification schemes, organic practices or good post-harvest practices, among others quality standards.<\/p>\n<p>For more information of <strong>Fine or Flavour cocoa<\/strong>, please follow this <a href=\"http:\/\/icco.org\/growing-cocoa\/fine-or-flavor-cocoa\/\" target=\"_blank\" rel=\"noopener\">link<\/a>.<\/p>\n<p>A focus on increasing cocoa quality could be a defining factor for many cocoa producing countries, where the traditional practice has been to increase volumes of production in order to secure an income for the farmers. Increased cocoa quality could provide farmers with a better income, while at the same time curb the overproduction and oversupply of cocoa in the market, thus contributing to more stable international cocoa prices.<\/p>\n<p>In recent years there have been efforts to recognise cocoa quality and provide incentives to farmers and governments to emphasise quality over quantity. The ICCO supported the creation of the <a href=\"http:\/\/www.cocoaofexcellence.org\/\" target=\"_blank\" rel=\"noopener\">Cacao of Excellence Program<\/a>, which recognises, preserves and values cacao quality and flavour diversity, across the value chain through their Cacao Awards pillar. Efforts are currently undertaken by the program organizers, along with several international and regional bodies, to provide technical assistance to cocoa producing countries and regions to produce better quality cocoa and to participate in their awards program, in order to get international recognition.<\/p>\n<p>There are also international efforts underway to develop international standards on cocoa quality and flavour. In 2015, a Working Group led by Cacao of Excellence was created for the development of International Standards for the Assessment of Cocoa Quality and Flavours. This Working Group, of which the ICCO Secretariat is a member, has been actively working on developing accepted, credible and verifiable protocols to assess cocoa quality and flavour and these will be published in the first Guide for the Assessment of Cacao Quality and Flavour in June 2023.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-k14u1-9214366a910d26d9be9ec1d2184e0dfc\">\n#top .hr.hr-invisible.av-k14u1-9214366a910d26d9be9ec1d2184e0dfc{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-k14u1-9214366a910d26d9be9ec1d2184e0dfc hr-invisible  avia-builder-el-58  el_after_av_textblock  el_before_av_image '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-k25a2cwh-61dfc7b5d7bd1cd4dc05e0358cf15b72\">\n.avia-image-container.av-k25a2cwh-61dfc7b5d7bd1cd4dc05e0358cf15b72 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-k25a2cwh-61dfc7b5d7bd1cd4dc05e0358cf15b72 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-k25a2cwh-61dfc7b5d7bd1cd4dc05e0358cf15b72 av-styling- avia-align-center  avia-builder-el-59  el_after_av_hr  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-5809 avia-img-lazy-loading-not-5809 avia_image ' src=\"https:\/\/www.icco.org\/wp-content\/uploads\/2019\/10\/itemid126.jpg\" alt='' title='itemid126'  height=\"200\" width=\"666\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/www.icco.org\/wp-content\/uploads\/2019\/10\/itemid126.jpg 666w, https:\/\/www.icco.org\/wp-content\/uploads\/2019\/10\/itemid126-300x90.jpg 300w, https:\/\/www.icco.org\/wp-content\/uploads\/2019\/10\/itemid126-600x180.jpg 600w\" sizes=\"(max-width: 666px) 100vw, 666px\" \/><\/div><\/div><\/div><\/p><\/div><\/div><!--close column table wrapper. Autoclose: 1 --><\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_5'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9802'><div class='entry-content-wrapper clearfix'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-23k48a-0b754e4b09ed800b5b7dde9128a360d4\">\n.flex_column.av-23k48a-0b754e4b09ed800b5b7dde9128a360d4{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-23k48a-0b754e4b09ed800b5b7dde9128a360d4 av_three_fourth  avia-builder-el-60  el_after_av_section  avia-builder-el-no-sibling  first flex_column_div av-zero-column-padding  '     ><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":14,"featured_media":0,"parent":0,"menu_order":6,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-9802","page","type-page","status-publish","hentry"],"yoast_head":"<title>Economy - International Cocoa Organization<\/title>\n<meta name=\"description\" content=\"Cocoa Economy informations. Consultative Board on the World Cocoa Economy. The World Cocoa Market. Sustainability of the World Cocoa Economy and Cocoa Quality\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.icco.org\/economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy - International Cocoa Organization\" \/>\n<meta property=\"og:description\" content=\"Cocoa Economy informations. Consultative Board on the World Cocoa Economy. The World Cocoa Market. Sustainability of the World Cocoa Economy and Cocoa Quality\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.icco.org\/economy\/\" \/>\n<meta property=\"og:site_name\" content=\"International Cocoa Organization\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-25T14:37:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.icco.org\/wp-content\/uploads\/Logo_ICCO_300x300.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@intlcocoaorg\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"16 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.icco.org\\\/economy\\\/\",\"url\":\"https:\\\/\\\/www.icco.org\\\/economy\\\/\",\"name\":\"Economy - International Cocoa Organization\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.icco.org\\\/#website\"},\"datePublished\":\"2020-05-08T10:48:47+00:00\",\"dateModified\":\"2023-04-25T14:37:20+00:00\",\"description\":\"Cocoa Economy informations. 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