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Jan 13, 2021

T.C.G.A. Clarifies Price for Cacao Farmers – Eighty-Five is the Final Price!

Justino Peck

So, some of the San Jose Cacao farmers are not happy with the associations – those are the Toledo Cacao Growers Association and the Maya Mountain Cacao. Today, we reached out to the Chairman of the T.C.G.A., Justino Peck, who shared that since December, they have been recording an exceptionally high production. He explained that the beans seem to be heavily affected by the weather conditions, and as a result, they lost over four thousand pounds of beans from the first batch purchased in San Jose.  Peck says they started at one dollar per pound, but they have had to drop that price to eighty-five cents. He explains that they are giving the payment in two installments, which starts with thirty-five cents and a later payment of fifty cents.

 

On the Phone: Justino Peck, Chairman, TCGA

“What has happened is that we were paying farmers a dollar a pound but because of what we are facing due to climate, due to weather conditions, some of the beans we bought in the first batch became moldy and we couldn’t sun dry it. As a result of that, though, what we did this time around and what the farmers are complaining about is because we decreased the price to eighty-five cents rather than paying the dollar. That is because we want to see how best we can balance ourselves between the losses we are seeing so that we can continue buying cacao from farmers. What has happened is that we have introduced at least the first payment of thirty-five cents a pound and then later on pay the farmers a balance of fifty cents a pound to cover up to eighty-five cents but this is what the farmers are having a hard time swallowing and they dont understand the trend of the business.”

 

Peck notes that there are other issues affecting the sale of the beans, as he says some farmers are not complying with the organic certification standards. Peck points out that between the two associations; they have accumulated over seventy-five thousand dollars in losses.


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