During the 2011/12 crop year, approximately 26,500 Ivorian farmers across 43 UTZ and Rainforest Alliance certified cooperatives have received Cargill’s sustainable cocoa premiums payments totalling $7.6m.
Cargill’s annual premium payments recognise farmers for their efforts to increase yields and improve the quality of the beans, such as decreasing moisture and mould content-this helps to continue to raise the quality of Ivorian cocoa beans.
This year’s premium has raised farmers’ direct revenues by 17% on average. Cargill’s customers who buy certified cocoa and chocolate ingredients contribute directly to these premium payments. As such, over the last three years, Cargill’s premium payments to Ivorian farmers have totalled more than $12.2m.
Source: Cargill
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