We are proud to announce we are one of the newest members of the FCC Federation of Cocoa Commerce (FCC)
Established in London with the mission to serve the growing trade in physical cocoa, the FCC acts as quality stamp for companies in the industry.
The cocoa tree is native to Mexico. The tree was likely domesticated in the upper Amazonian region and then spread northward. It was widely cultivated more than 3,000 years ago by the Maya, Toltec, and Aztec peoples.
The key product to make chocolate cocoa is an essential and much-loved product for old and young alike.
In the UK we eat a staggering 30g a day on average, that equates to 2 freddo frogs each day or 1 large Toblerone every 10 days.
There are 2 cocoa markets both in New York and London each contract being of the same quality.
The global chocolate market is valued $130.56bn and it’s expected to grow by 4.61% over the next 5 years. Cocoa grown along the Equator with 60% of global volumes coming from Ghana and the Ivory Coast.
Production of Cocoa in 2020* stands at 4.80 million MT while consumption stands at 4.818 million MT.
The main purpose of the Federation of Cocoa Commerce is to provide a comprehensive contractual and operational framework within which the interests of all sectors of the cocoa trade and industry are fairly represented. It serves as a hub for professionals in the cocoa industry and allows like-minded cocoa traders/producers/users to discuss collaborate and mutually benefit while bettering the cocoa industry as whole.
Here at Quanton Commodities we are very excited to see the collaboration this will bring.