Ghana's Income per ton of Cocoa Beans

Export of Cocoa Beans

ca. $2,000

 

Production in Ghana

>$10,000

 

The world market price for cocoa beans is around $2,000 per ton as of December 2017. By exporting the beans unprocessed, Africa is missing out on all the additional money that can be made by turning this amazing bean into chocolate. You can find updated prices here.

Some ethically labeled chocolates pay a premium per ton of cocoa, these are:

Fairtrade

$200 (+10%)

UTZ

€102 (+5%)

Rainforest Alliance

no premium

 

By producing in Ghana we can actually bring more than $10,000 of income per ton of cocoa to Africa. An average bar of chocolate needs around 30 grams of cocoa beans. That means, that you can produce 33 bars of chocolate with 1 KG of cocoa, or 33,000 bars of chocolate with 1,000 KG of cocoa beans.

We pay our Ghanaian partners a price of $0.80 per bar of fairafric chocolate before we take care of shipping them to Germany. 33,000 bars * $0.80/bar = $26,400 (deducting costs for milk and sugar can decrease this number slightly).

The premium of $600 per ton is on top of that and is paid directly to the farmers.

Why Made in Africa?

Skilled Employment
Small-hole farming is closely related to dire poverty. Jobs in manufacturing are not. Real change can only happen when people move away from farming.
Better Access to Healthcare
The families of workers in manufacturing jobs are able to easily afford regular checkups. Necessary treatments don't have to be postponed because of a lack of money.
Education
Education costs money. Whereas farmers constantly struggle to finance their children's education, a proper employment can finance second and third degree education for worker's kids.
Women Empowerment
Half of the board of our partner cooperative Kuapa Kokoo is "manned" with women. We support their effort in strengthening women's income generating power by offering training, i.e. for soap production.
Skills & Capacity
Value adding in Africa is hard due to poor infrastructure. If more companies like fairafric develop, demand will increase quality of services and infrastructure and attract even more business. A virtuous circle.
Sustainability
We do our best to engage in training of more sustainable farming techniques and constantly seek to improve our own foot print.