Summary
Chocolate is a big business as well as a delicious indulgence. Evan Davis and guests discuss how this global industry is tackling the pressures of rising food prices, speculation and climate change.
Guests:
Jonathan Horrell, Director of Global Sustainability of Mondelez International Sophi Tranchell, Managing Director of Divine Chocolate Kojo Amoo-Gottfried, Country Director of Cargill Ghana
Producer: Kent DePinto.
Transcript
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| 0:00.0 | Thank you for downloading this program. |
| 0:02.4 | In this edition of the bottom line, Evan Davison guests discuss the global industry of chocolate. |
| 0:08.0 | Hello and welcome to the program. |
| 0:10.2 | Today we are talking about chocolate, partly because it is a delicious subject in its own right, |
| 0:15.7 | but also because if we can understand how the business works from the cocoa bean to the chocolate bar, |
| 0:22.1 | well then we'll understand a lot about the world in its ways, about commodities, |
| 0:25.9 | trade between the global north and south, manufacturing, marketing, it's all there in each tasty slab. |
| 0:32.4 | It is a global business of about $110 billion a year, |
| 0:35.8 | and it all derives from an annual crop of cocoa beans |
| 0:39.3 | of about 4 million tonnes. I have three guests from different pieces of the industry. |
| 0:45.4 | Let's spend a few minutes meeting them and learning what exactly their companies bring to the |
| 0:49.9 | party, how they add value to those cocoa beans. And I should say the majority of the world's |
| 0:55.5 | cocoa supply is grown in West Africa, and my first guest, Kojo, has travelled from Ghana, |
| 1:01.0 | the world's second largest cocoa producer to be with us today. Welcome Kojo, Kojo Amu Gottfried, |
| 1:06.8 | who's the country manager for Cargill Ghana. And Cargill Kojo is probably one of the world's biggest companies that people haven't heard of. So just tell us what Cargill does. Cargill is one of the largest privately held companies in the world. We're involved in a number of sectors. We're involved in the food sector, the energy sector. In terms of cocoa, we're in all the source and countries where we process |
| 1:28.8 | cocoa. But I think it's a big agricultural company, isn't it? It's sort of, it trades, it buys, |
| 1:35.1 | and it produces. We work with the farmers, we source and we trade and we process. So it's basically |
| 1:42.2 | trying to meet our customers' demands. Okay. And sitting |
| 1:45.4 | next to you is perhaps someone who would be representing one of your customers, because my next |
| 1:49.6 | guest is Jonathan Horrell, the director of global sustainability for the company Mondalese |
| 1:55.1 | International. It's another very large company that no one's heard of, Jonathan, but actually |
| 2:00.2 | people had heard of it. |
... |
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