Semi-processed cocoa price review (2019)

Goal

Review the pricing of semi-processed cocoa products sold by producers

Objectives

  • Conduct case study exploring processing yields of semi-processed cocoa products from Fairtrade certified producers
  • Collect and understand the Cost of Sustainable Production (COSP), focusing on processing and export costs, from Fairtrade producers who process cocoa beans, while taking into account the information from the market and non-Fairtrade cocoa producers
  • Harmonise processing yields and mass balance conversion ratios in the Cocoa Standard
  • Review the applicability of the current FMP calculation method for semi-processed products considering pricing dynamics in the conventional market,requirement 4.2.5 and 4.2.6, to ensure they are realistic and auditable
  • Incorporate the new Fairtrade organic differential pricing into the calculation of the Fairtrade Minimum Price and Fairtrade Premium for semi-processed cocoa products
  • Update Standard requirements in line with pricing model changes from this review