Cocoa agreement inked April 19
Germany and the Cocoa Foundation of the Philippines (CocoaPHIL) will sign on April 19 an agreement aimed at improving the income of cocoa farmers in Panay island through sustainable cacao production, management and marketing.
The Philippine News Agency reported that the agreement will be signed by CocoaPHIL and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Germany’s international development company through the Forest and Climate Protection in Panay (ForClim II) Project.
The Department of Agriculture seeks to raise local cocoa production from the current 10,000-12,000 metric tons of dried cocoa beans to 100,000 MT by 2020.
The project seeks to provide technical and financial assistance to cocoa farmers and monitor its success.
For its part, CocoaPHIL is expected to provide technical expertise and know-how in cacao planting, management, value adding and processing.
CocoaPHIL will also make available high-quality planting materials, link cacao farmers to marketing partners, and buy fermented or dried cacao beans at prevailing market prices.