Cocoa Fine Flavor and Quality Highlighted in Guayaquil

September 5, 2016

PRESS RELEASE

Cocoa Fine Flavor and Quality Highlighted in Guayaquil

GUAYAQUIL (September 5, 2016) – The World Cocoa Foundation (WCF) opened a series of high-level discussions here today to focus on cocoa flavor and quality – two major issues for the global chocolate and cocoa sector. Participants, including cocoa producers, researchers, industry executives, government officials and civil society organizations, will explore how chocolate manufacturing is influenced by cocoa quality standards, direct sourcing, and mapping of cocoa flavor characteristics.

“Fine flavor cocoa and quality are important issues for WCF and its member companies in the region, and we are proud to be convening a diverse group of stakeholders in the region to have these discussions,” said Richard Scobey, WCF President. “Ecuador, and Latin America in general, play an important role in the global cocoa supply chain, and we want to ensure the region’s cocoa sector continues to grow sustainably.”

WCF activities in the Latin American region emphasize research, environmental concerns,
modernization, and flavor and quality. WCF also provides support for regional research
programs that address disease resistance and maintenance of unique international cocoa
collections in Costa Rica and Trinidad. Climate change is a growing concern for cocoa farmers
in Latin America and WCF is working with public and private sector partners to develop
strategies to help farmers confront and adapt to changing weather patterns.

The meeting is sponsored by Ecuador’s Ministry of Agriculture, Livestock, Aquaculture and
Fisheries (MAGAP), Transmar Ecuador, Olam and Swisscontact. Transmar Ecuador and Olam
are WCF member companies.

About WCF: The World Cocoa Foundation (WCF) is an international membership
organization that promotes sustainability in the cocoa sector. WCF provides cocoa farmers
with the support they need to grow more quality cocoa and socially and economically
strengthen their communities. WCF’s members include cocoa and chocolate manufacturers,
processors, supply chain managers, and other companies worldwide, representing more than
80 percent of the global cocoa market. WCF’s programs benefit farmers and their
communities in cocoa-growing regions of Africa, Southeast Asia, and the Americas. For more
information, visit www.worldcocoafoundation.org or follow us on Twitter and Facebook.

# # #