FMO - Dutch entrepreneurial development bank’s Post

The Seaport Days Amsterdam are in full swing, highlighting the important role Amsterdam Port (the largest #cocoa port in the world) plays on a global level. A closer look at the sector, however, shows it's not always smooth sailing: production is falling across West Africa, making it harder to meet global demand, particularly if we want to create a climate-resilient flow of #sustainablecocoa. To that end, we recently organized a roundtable on these topics with Wageningen University & Research. Nearly 70 participants, including cocoa traders, producers, and processors from four continents, as well as representatives from the Dutch government, gathered to discuss the root causes and ways the #privatesector can enhance the situation. #WestAfrica, the world’s leading cocoa-producing region, is grappling with a structural supply problem. This crisis has far-reaching implications for the entire industry and West African economies, with farmers bearing the brunt. As production falters, their income dwindles despite high prices, making it difficult to sustain themselves, invest in aging plantations, and build resilience against future climate shocks. Addressing these challenges requires dedicated action from all parties, including regulatory authorities and governments. Improving the situation for farmers is crucial for the sustainability of the cocoa industry in West Africa. Collaborative efforts from the private sector are essential to support West African farmers and secure the future of cocoa production. Thank you to panelists for sharing their perspectives and insights, as well as to our partner Wageningen University & Research! We look forward to continue strengthening the cocoa value chain with our customers and partners, ensuring that everyone across the world can continue to receive and enjoy sustainably-sourced, responsible cocoa. Coen van Genderen Hans Bogaard Pieternel Boogaard Yuca Waarts Rianne van Doeveren Hubert Hoondert Tinka Koster Judith van de Hulsbeek Heleen Ekker Tony's Chocolonely Ivory Cocoa Products (ICP) COCOASOURCE

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Folake Kareem

Development Economist

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