Golden Cacao Corporation
Food Production - Providence, Rhode Island, United States
Golden Cacao Corporation Employees
Golden Cacao Corporation Senior Management
Golden Cacao Corporation Details
Summary:In mid-2018, several local and international entrepreneurs formed Golden Cacao Corporation ("Golden Cacao") and launched to participate in the global cacao marketplace.Golden Cacao's primary goals are to sell, source and provide premium cacao to Europe, United States, and emerging BRIC markets including China, SE Asia and India.Sustainability Foundation: We will enhance and improve the state of the cacao farmer through education, micro-financing, agricultural R&D, and by establishing best processing and fermentation practices throughout the Latin American region.Mission and Vision:Mission: Golden Cacao will become the dominant aggregator and supplier of premium Latin American cacao across the region. In addition to sourcing practices, we also strive to offer advice, counsel and develop programs that enhance the well-being of indigenous communities, empowering them to thrive globally. Vision: At Golden Cacao, we harmonize impact and profit to ensure our communities and company thrive. Golden Cacao will meet the targets for FSC, RFA, and Fair-Trade certifications, and set precedents with practices that drive the global cacao industry toward financially, sustainably, and socially meaningful growth.Cocoa and Chocolate Market Size:The global cocoa and chocolate market size is projected to reach USD 67.22 billion by the end of 2025, at a CAGR of 5.7% in the forecast period (2015 - 2025)Cocoa Sourcing and Pricing:Approximately 70% of the world's cacao is sourced from AfricaThe Caribbean and South America produce 17% of the world's supply: under-utilized, scattered, no unified systemThe global shortage of cacao is outpacing global supply. An expected fallout is anticipated by mid-2022Expected 20% increase in price for 2021; Cocoa bean future price, US $3818.87 per metric ton (U.S. spot)
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