Cocoa

Cocoa prices have remained relatively stable for the last several years as production and supply are nearly in equilibrium. However, cocoa consumption continues to grow rapidly, about 2-3 percent or 60,000-90,000 MT per year. Projections show global production falling behind the increasing demand, indicating that there is clearly a need for expanded production levels of quality cocoa.

Recognizing the importance of the cocoa crop to smallholder farmers as well as the international cocoa industry’s need for diversified cocoa sources, ACDI/VOCA is addressing constraints to sustainable cocoa production and marketing to increase the competitiveness of the cocoa sector.

ACDI/VOCA is a founding member of the Sustainable CoCoa Enterprise Solutions for Smallholders (SUCCESS) Alliance, which improves the livelihoods of smallholder farmers by promoting cocoa production and marketing in a way that is economically, environmentally, socially and culturally sustainable.

The SUCCESS Alliance receives funding from the United States Department of Agriculture and the United States Agency for International Development. Private sector partners include the World Cocoa Foundation and Mars, Inc. The Alliance also includes international and local organizations in the countries where the SUCCESS Alliance is active – Ecuador, Indonesia, Liberia, the Philippines and Vietnam.

For more information, contact Olutayo Akingbe at oakingbe@acdivoca.org.