The company says it will invest $3.25 million in Ivory Coast cocoa farming.
Cargill (Minneapolis) has announced a memorandum of understanding indicating its continued support of cocoa and chocolate business in the Ivory Coast. The company says a $3.25 million investment in the country will go towards farmer training, supporting local communities, and supporting cooperatives to achieve UTZ and Rain Forest Alliance certifications.
The agreement includes a partnership with ANADER, Ivory Coast's natural rural development agency, which will involve distribution of 600,000 cocoa tree seedlings.
During the 2011–2012 farming season, Cargill expects to purchase 50,000 tons of certified cocoa from the Ivory Coast.