This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

World Cocoa Foundation And TCHO Partner To Boost Flavor And Value Of Ghana's Cocoa Crop

WASHINGTON, Feb. 19, 2013 /PRNewswire/ -- The World Cocoa Foundation (WCF) and chocolate maker TCHO are collaborating to introduce innovations and quality improvements to cocoa grown in Ghana. This will take the form of a "Flavor Lab" located at the Cocoa Research Institute of Ghana (CRIG) and on-farm extension work. The project's goal is to demonstrate to farmers the direct link between quality at the farm level and increased value for their products.

The Flavor Lab will include a sensory panel that will be trained in objective flavor evaluation, an invaluable tool for commercialization and research based on flavor characteristics. Farmers will learn by tasting chocolate from their own beans, usually for the first time, how product quality depends on good fermentation and drying methods.

Bill Guyton, WCF president said, "We are proud to partner with TCHO to bring this innovative program to Ghana.  We'll build upon Ghana's strong cocoa culture, by improving flavor and value, and will be able to reinvest increased quality back into cocoa communities."

"TCHO is honored to partner with the Cocoa Research Institute of Ghana and the World Cocoa Foundation to help make a difference for cocoa farmers in West Africa," said John Kehoe, Vice President, Sourcing and Development for TCHO.

"The U.S. Agency for International Development (USAID), as the U.S. Government agency leading President Obama's Feed the Future initiative, is proud to be a part of this kind of public-private partnership, which uses cutting-edge technology and the power of markets to improve the lives of smallholder farmers in Ghana," said Paul Weisenfeld, Assistant to the Administrator in USAID's Bureau for Food Security.

The project will work with approximately 7,000 farmers throughout Ghana's cocoa producing region and contributes to the goals WCF's African Cocoa Initiative, a $14 million, 5-year partnership between WCF, cocoa industry members, the Sustainable Trade Initiative (IDH), and the U.S. Government's Feed the Future initiative. Ultimately, the ACI aims to double cocoa productivity and train over 100,000 farmers though fostering public-private cooperative investments in cocoa and agriculture, improving the genetic quality and productivity of cocoa varieties under cultivation, expanding farmer education, and improving the agriculture input supply chains that serve the farmers. 

About WCF 

The World Cocoa Foundation (WCF) is an international membership foundation that promotes a sustainable cocoa economy by providing cocoa farmers with the tools they need to grow more and better cocoa, market it successfully, and make greater profits. WCF's membership includes cocoa and chocolate manufacturers, processors, supply chain managers, and other companies worldwide, representing more than 80% of the global cocoa market. For more information, visit  www.worldcocoa.org.

About TCHO

TCHO is a member of the World Cocoa Foundation.  Located in San Francisco, TCHO is a modern, premium-quality chocolate maker committed not only to making the best chocolate possible, but, also, to making a better world through their  TCHO Source programs.

About Feed the Future

Feed the Future is the U.S. Government's global hunger and food security initiative. With a focus on smallholder farmers, particularly women, Feed the Future is establishing a foundation for lasting progress against global hunger by supporting countries in developing their agriculture sectors to spur economic growth that increases incomes and reduces hunger, poverty, and under nutrition. Feed the Future efforts are driven by country-led priorities and rooted in partnership with governments, donor organizations, the private sector, and civil society to enable long-term success. Learn more by visiting www.feedthefuture.gov.

 

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs