Quantcast
 
New ETF Book by Larry Connors - Click here to read more


 

KRAFT FOODS EXTENDS COMMITMENT TO SUSTAINABLE COCOA FARMING

Thu. October 29, 2009; Posted: 11:19 AM
Stocks RSS
ZURICH, Oct 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- KFT | Quote | Chart | News | PowerRating -- Kraft Foods today announced a major step forward in its long-standing support of sustainable cocoa farming. Based on pioneering work started in 2005 in the Cote d'Ivoire, the company has launched the first mainstream chocolate products in Europe to carry the Rainforest Alliance Certified(TM) seal. Additionally, it has committed to increase current purchases of cocoa beans from Rainforest Alliance Certified(TM) farms ten-fold by the end of 2012, to 30,000 tons.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090420/KRAFTLOGO)

Beginning in France and Belgium, Cote d'Or premium dark chocolate will now contain cocoa from farms that meet the sustainability standard of the Rainforest Alliance Certified(TM) program. Over the coming months, the certified Cote d'Or range will be rolled out to consumers in the United Kingdom, Germany, Spain, Hungary, Poland, Portugal, the Netherlands, Canada and the United States. It will also be made available to chocolate lovers in Sweden, Denmark and Finland under the Marabou brand; and using the Suchard brand in Austria and Switzerland.

The brands represent the first mainstream European chocolate to carry the Rainforest Alliance Certified(TM) seal. By the end of 2012, the company has committed to use only cocoa beans from Rainforest Alliance Certified(TM) farms across its entire Cote d'Or and Marabou ranges, equal to some 30,000 tons of beans.

This commitment results from a pioneering project with internationally respected partners. Since 2005, Kraft Foods has been working with the Rainforest Alliance, leading development organizations in Germany and the US - Deutsche Gesellschaft fur Technische Zusammenarbeit (GTZ) on behalf of the German Federal Ministry for Economic Cooperation and Development and the United States Agency for International Development (USAID) - as well as with the cocoa trader, Armajaro, to support sustainable cocoa production in the Cote d'Ivoire, West Africa.

The commitment also builds on Kraft Food's experience and long-standing collaboration with Rainforest Alliance to develop sustainable coffee growing for use in mainstream brands - a relationship that has resulted in the company becoming the world's leading buyer of coffee beans from Rainforest Alliance Certified(TM) farms.

Edward Millard, Director for Sustainable Landscapes at the Rainforest Alliance, believes that taking Rainforest Alliance Certified(TM) cocoa to mainstream brands is key to making a real difference.

"Our collaboration with Kraft Foods and grassroots groups in Cote d'Ivoire will result in long-term, positive changes in the lives of cocoa farmers, their families, communities and the ecosystems on which they depend," said Millard. "Working together, we are protecting water, wildlife and soils, while training a new generation of farmers in the economic, environmental and social benefits of sustainable agriculture."

The public-private partnership, known as the "Market-Oriented Promotion of Sustainable Certified Cocoa Production" project, has enabled six Ivorian cooperatives, representing over 2000 farmers in the Daloa/Issia and Abengourou areas, to gain the Rainforest Alliance Certified(TM) seal. The results have been encouraging. The last crop year alone witnessed improved yields and significant productivity gains, in some cases above 50%. The incidence of cocoa 'black pod' disease was also reduced by one third and farmer incomes have improved.

"This is very good news for all involved," explained Carsten Schmitz-Hoffmann, responsible for social and ecological standards at the GTZ, a key partner in the project. "GTZ sees Kraft Foods as an industry pioneer enabling us to advance our work in support of sustainable cocoa and coffee farming practices. We are particularly excited that sustainably-produced Ivorian cocoa is now available in an outstanding brand like Cote d'Or."

According to Schmitz-Hoffmann, it is important for cocoa farmers to improve their incomes by introducing better agricultural practices, improving selling methods and ensuring that the certified cocoa they produce has broader appeal beyond niche markets.

Pascal Bourdin, Senior Vice President of Kraft Foods and General Manager of its European chocolate business, agrees and believes that sustainably farmed cocoa will provide high quality cocoa beans over the long term.

"Cote d'Or and Marabou are two of our premium chocolate brands. By using sustainably grown Ivorian cocoa, we can continue to offer the most intense chocolate pleasure to our consumers while improving the lives of cocoa farmers and helping secure high quality cocoa for the longer term."

Bourdin underlines that this latest initiative represents only one step in Kraft Foods' broader sustainability commitment. The company intends to continue its efforts to encourage sustainable cocoa farming, working individually in cocoa producing regions as well as with others as part of broader initiatives such as those led by the Bill & Melinda Gates Foundation and the World Cocoa Foundation.

"I believe we've made a great start. My dream is to see every piece of chocolate worldwide made with cocoa from certified farms," says Bourdin.

About Kraft Foods

Kraft Foods (www.kraftfoodscompany.com) makes today delicious in 150 countries around the globe. Our 100,000 employees work tirelessly to make delicious foods consumers can feel good about. With global powerhouse brands like Oreo and LU biscuits, Philadelphia cream cheeses, Jacobs and Carte Noire coffees, Tang powdered beverages and Milka, Cote d'Or and Toblerone chocolates, we deliver millions of smiles every day. Kraft Foods (NYSE: KFT | Quote | Chart | News | PowerRating) is the world's second largest food company with annual revenues of $42 billion. The company is a member of the Dow Jones Industrial Average, Standard & Poor's 500, the Dow Jones Sustainability Index and the Ethibel Sustainability Index.

For further information about the public-private partnership, visit www.certified-cocoa.com. Other related links: www.rainforest-alliance.org; www.gtz.de/en; www.worldcocoafoundation.org

                               - make today delicious -

SOURCE Kraft Foods

http://www.kraft.com
For full details on Kraft Foods Inc (KFT) click here. Kraft Foods Inc (KFT) has Short Term PowerRatings of 6. Details on Kraft Foods Inc (KFT) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [KFT]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.