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Cacao seed in the fruit or pocha from the Theobroma cacao tree Cocoa seeds being dried before roasting Cocoa seeds being roasted. Fair trade cocoa is an agricultural product harvested from a cocoa tree using a certified process which is followed by cocoa farmers, buyers, and chocolate manufacturers, and is designed to create sustainable incomes for farmers and their families.
Specialty cocoa is an umbrella term usually describing cocoa that has consistent and verifiable special attributes. These attributes are distinguished by country, along lines including management, origin and quality. It contains fine and flavor cocoa, fair trade, heirlooms, organic, sustainable and other certified cocoas. [10]
The Seattle-based chocolate maker Theo Chocolate was one of the first companies that were "fair-trade certified" and produced organic chocolate. In 2006 when Theo Chocolate began their production of organic chocolate, there were no solid guidelines for chocolate manufacturing at the time and they had to get the process and ingredients in the correct measurements.
Established in 2006, it is the first organic fair trade-certified cocoa producer in the United States. [1] Theo has sourced beans from the Congo, Costa Rica, the Dominican Republic, Ecuador, Madagascar, Peru, and Venezuela. [2]
The cocoa tree was first grown successfully on the island of Príncipe in 1824. [1] A dormant volcano, Príncipe is particularly well-suited for the cocoa tree because of its volcanic soil. [32] Cocoa plantations cover 25,000 hectares (62,000 acres) of the island of São Tomé, mainly in its northern and central areas. [33]
If the combined ratio falls below 3.2 or so, production ceases to be economically viable and some factories cease extraction of butter and powder and trade exclusively in cocoa liquor. [citation needed] Cocoa futures traded on the ICE Futures US Softs exchange, are valued at 10 Tonnes per contract with a tick size of 1 and tick value of US$10. [65]
Cooperatives pay farmers a fair price for their cocoa so farmers have enough money for food, clothes, and school fees. [163] One of the main tenets of fair trade is that farmers receive a fair price, but this does not mean that the larger amount of money paid for fair trade cocoa goes directly to the farmers.
Cooperatives pay farmers a fair price for their cocoa so farmers have enough money for food, clothes, and school fees. [71] One of the main tenets of fair trade is that farmers receive a fair price, but this does not mean that the larger amount of money paid for fair trade cocoa goes directly to the farmers.