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Cargill to Buy 80,000 to 90,000 Tons of Certified Cocoa

Nov. 20 (Bloomberg) -- Cargill Inc. will buy between 80,000 and 90,000 metric tons of certified cocoa from Ivory Coast in the season that started last month, according to Jos De Loor, the president of Cargill Cocoa and Chocolate.

“We aim to buy 50 percent of certified cocoa by 2015,” De Loor told reporters in Abidjan, Ivory Coast, the world’s largest producer.

The company will invest as much as $20 million in its Cargill Cocoa Promise program this season to train cooperatives and distribute new seeds and fertilizers, he said.

To contact the reporter on this story: Baudelaire Mieu in Abidjan at bmieu@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net

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