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The Business of Chocolate in Ecuador

The Business of Chocolate in Ecuador

The Business of Chocolate in Ecuador

Visitors planning their Ecuador tours will be pleased to learn they are traveling to the land of chocolate. Though Ecuador is one of the top-producers of cacao in the world, the country exports a tiny amount of cacao beans compared to African nations. Ecuador sells most of its beans to companies in the United States, Europe and Japan. Ecuador’s cacao industry employs over 200,000 citizens, comprised of mostly family-run businesses. Small farmers harvest and then ferment the beans before drying the crop, or they turn the beans over to a cooperative or other entity for this initial processing. The crop then moves on to the wholesalers and exporters where the beans are sold through commodities traders on exchanges, the most important of which are located in London and New York. Some beans are purchased directly by international end-buyers, the chocolate companies. Most cacao sales are transacted through intermediaries rather than at the farm.

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The Business of Chocolate in Ecuador

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