An Overview of the Past Year
SEPTEMBER 2021 - AUGUST 2022
We started to publish our own sourcing report last January, covering the years of 2020 to pre-harvest season of 2021.This year, we now move to report annually, covering the start of harvest season in 2021 until the month before the start of the season in 2022. We are happy to continue sharing our purchasing data from this period.
168.98 MT ₱ 21,778,056.05 / $ 435,561.12 ₱ 3,363,327.21 / $67,266.54
Total Cacao Purchased Total Amount of Payment Made Included Premiums Farmer’s Weighted Average Income per Kilo Wet Beans Dry Fermented Beans Farmer’s Weighted Average Income per Ton Wet Beans Dry Fermented Beans
₱ 39.75 / $ 0.79 ₱ 148.36 / $ 2.97
₱39.749.79 / $795.00 ₱148,363.68 / $ 2,967.27
Note:All USD Values are based on exchange rate of Php 1 = USD 50 for the past year
The past year has been a productive year for us as more businesses get back on track.This allowed us to to purchase 75% more cacao this year that amounts to approximately Php 22 million or 435 thousand dollars. This is way more than what we anticipated but as more demand comes in, we expect this to increase next year. We are consistently one of the highest payers of cacao in Mindanao as we offer prices above the ICCO Commodity price that is 10 - 15% higher. On top of this, we also offer premiums on top that are rewarded for high quality fine cacao beans we source.
As we continue to grow, we have welcomed more partner farmers, purchasing from a total of 65 smallholder cocoa farmers and 8 cacao producing groups or organizations during 2021 to 2022.We are happy to work with even more partner cacao producers and we are positive that this number will only continue to increase as we connect with more cacao producers around the Philippines.
Number of Cacao Farmers
65
Number of Cacao-Producing Groups (Associations or Cooperatives)
8
www.aurochocolate.com
10
Made with FlippingBook. PDF to flipbook with ease