World: ICCO president defines the fight against poverty in the cocoa sector as the greatest challenge

Published 2024년 1월 28일

Tridge summary

Rafael Soriano Ortiz, president of the International Cocoa Organization (ICCO), has identified poverty eradication and income increase for producers as solutions to major cocoa sector problems like deforestation and child labor. Despite a production deficit causing a rise in cocoa prices, producers are not benefiting due to poor working conditions. Soriano aims to adopt a new five-year Strategic Action Plan focusing on cocoa value chain sustainability and small producers' income. The article also highlights Ecuador, the world's third-largest cocoa producer, which could boost its production through intensification and high-yield varieties, rather than plantation expansion.

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Original content

The solution to some of the major problems in the cocoa sector, such as deforestation and child labor, is to end poverty and increase the income of producers, said the president of the International Cocoa Organization (ICCO), Rafael. Soriano Ortiz. Soriano is the Spanish ambassador to the Ivory Coast and last October he became the first Spaniard to hold the highest position in the ICCO, an intergovernmental organization created in 1973 that brings together cocoa-producing and consuming countries, which They represent 90% of world trade in that product. In an interview with Efeagro, Soriano explained the main objectives of his mandate, which includes a cocoa year (from October to October) and analyzed the current situation of the international market for this product, marked by a deficit in production. This situation has raised the average price of cocoa above 3,000 euros per ton at the end of 2023, which represents an increase of 46% and 35% compared to 2022 in the reference ...

Source: PEefeagro