2019 Theo Impact Report

TheoChocolateInc

Theo Impact Report

2019 ORGANIC COCOA PURCHASES

All cocoa beans Theo purchased in 2019 came from Watalinga, Eastern Congo. These purchases directly support the

livelihood of over 6,200 cocoa farmers and their 34,000 family members. Having close relationships with farmers mean

we know how much they are paid for their cocoa, something many conventional chocolate makers cannot identify.

In 2019, Theo purchased

1,225

METRIC TONS

OF COCOA BEANS

from Eastern Congo

While we have purchased cocoa beans from Peru in the past, we did not purchase cocoa from the

Norandino Cooperative in Peru in 2019, as we had an adequate supply of the beans.

WHAT INFLUENCED THEO’S 2019 COCOA PRICE?

$2.04 PER KG

$2,098

PER METRIC TON

AVERAGE BASE

PRICE TO FARMERS

The base price fluctuates slightly based on market

prices. ESCO Kivu ensures organic cocoa purchased

on behalf of Theo is purchased at approximately

20-25% higher prices than surrounding prices in

DRC for conventional beans to reflect the higher

quality and ensure living income prices.

FERMENTATION

PRICE INCENTIVE

If cocoa meets fermentation requirements,

this additional price incentive is added at

the time of purchase from farmers. The

fermentation price incentive has increased

the percentage of cocoa meeting target

fermentation levels from 70% to 90%.

6

More magazines by this user