2024 Partner Report: ÖKO Caribe

ÖKO Caribe, a processor of cacao beans in the central region of the Dominican Republic who we have been buying from since 2013, experienced high levels of competitiveness buying at the farm gate with other processor-exporters that operate in the region. The farm gate price was often close to the world market price which some days exceeded US$10,000/MT. This led to a challenge finding buyers at a profitable level for the company. We normally will contract for many containers of cocoa from this processor, however we only were able to contract for two containers during the 2024 main crop period due to lack of available volume.