Federated Commodities Ltd - Financing a social cocoa bean buying company
Federated Commodities Ltd
Financing a social cocoa bean buying company
Federated Commodities Ltd (Fedco) buys cocoa beans from smallholder cocoa farmers, organised into 1,600 societies with an average of 67 farmers in each society across the various cocoa growing regions of Ghana. The company then sells the cocoa to the Ghana Cocoa Board, the sole exporter of cocoa beans in Ghana. Federated Commodities Limited has been an Oikocredit partner since 2016.
The licensed buying company (LBC) began operations in 1997 as a result of the liberalisation of the cocoa industry in Ghana. It is currently among the top ten LBCs in the country.
Fedco has a strong social focus: over the years it has been engaged in various social intervention programmes to the benefit of more than 100,000 of its supplier farmers (2018).
Some of Fedco's suppliers are UTZ-certified, which ensures that farmers are enabled and encouraged to implement good farming practices while earning a premium for the cocoa beans they sell to Fedco.Download this project as a PDF