Cargill Pays Ivory Coast Cocoa Farmers $7.6 Million in Premiums
Cargill Inc. paid $7.6 million in certified cocoa premiums to farmers in Ivory Coast, the world’s biggest producer of the chocolate ingredient, in the 2011-12 season that ran through September.
About 26,500 farmers in 43 cooperatives certified by UTZ and Rainforest Alliance received the payments, the Minneapolis- based company said today in an e-mailed statement. This year’s payout raised farmers’ direct revenues by 17 percent on average, said Cargill, the largest closely held U.S. company.
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