Good Year For:
Being located along the Dominican Republic's northern coast, El Majagual is often hit hard during hurricane season; this year, the farm went unscathed.
Despite a drought that reduced yield, Ramon still managed to export almost as much cacao as his previous high.
Tough Year For:
Drought impacted farms throughout the Puerto Plata province, stressing the cacao trees which bore fewer and smaller cacao beans.
*Price based on FOB terms and equal to the negotiated fixed price or to the negotiated premium plus the world market price on the day the contract is closed
**Price the individual farmer receives for their cacao prior to its export. Taza's 2016 Transparency Report, "Let's Talk Price" provides an in-depth exploration of the topic
*** Wages are paid in local currency and are translated into USD, but are not adjusted for purchasing power or a country's cost of living. Where a range is given, wages vary based on type of work and skill and experience level. In all cases, our Partners pay employees at or above their country's minimum wage