Cargill Establishes Direct Purchasing License for Cocoa
The newly-licensed buying company (LBC) is now fully operational and Cargill has purchased its first consignment of beans directly from cocoa farmers in Ghana, with around 30,000 farmers already registered with the LBC.
Cargill’s cocoa and chocolate business has established its own LBC following the successful application for a license from the Ghanaian Cocoa Board (Cocobod).
By directly sourcing the beans, the company is now able to diversify the way it sources sustainable beans and rolls out the Cargill Cocoa Promise more effectively to better serve its customers.
“Direct sourcing of certified beans from farmers via our own LBC in Ghana is an exciting new business model for us”, said Lionel Soulard, managing director West-Africa, Cargill Cocoa and Chocolate:“Cocoa sustainability is at the heart of our global growth strategy for cocoa and chocolate. Developing a direct sourcing capability in the world’s second largest cocoa producing country means we will be better placed to meet growing demand for sustainable, certified cocoa.
Cargill has been operating a cocoa processing plant in Ghana since 2008.
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