In the least developed countries people heavily depend on commodities for their livelihood. Thus, commodities form the backbone of economies and they account for the bulk of the export earnings of countries. CFC is proud to play a catalytic role in promoting and supporting poverty alleviation through commodity focused development.
Kennemer Foods International Inc., established in 2010, is an agribusiness company specializing in the growing, sourcing and trading of cacao beans from smallholder farmers. Kennemer has a long- standing commercial and strategic relationship with Mars, Inc. Mars is Kennemer’s biggest customer. Mars and Kennemer began a partnership in mid-2012, which involves the sharing of planting research and technology, as well as best practices for cacao growing, harvesting, fermentation, and drying. This is the first such expansion of new cacao production in the Philippines.
CFC is working in Madagascar with a local business, SCRIMAD, to fund value chain upgradation for their organic fruits and spices. SCRIMAD is a company located in Madagascar and focused on aggregating and processing organic fruit and spices from local farming cooperatives, for export to Asian, European, and North American markets.
OLIVADO (EPZ) LIMITED (“OLIVADO”) is among the world’s leading producers of organic certified extra virgin avocado oil. From its processing facility based in Kenya, Murang’a county, it operates a vertically integrated farmer-to-market model under the Olivado brand. The avocado oil is sold for export to traders and retailers in over 30 countries. Alongside its primary activity of avocado oil production, Olivado has installed a biogas plant in 2019 to produce biogas and fertilizer from the avocado waste generated through the oil processing.
To contribute to poverty alleviation by strengthening the income-generating capacity of commodity producers and mitigating vulnerability to their economic well being.
To strengthen and diversify the commodity sector in developing countries and transform it to be a major contributor to poverty alleviation and sustained economic growth and development.
The CFC Agreement and corresponding Regulations and Rules have been amended by the Governing Council in its 26th Meeting held on 10 December 2014. As decided by the Governing Council In the 29th Meeting held on the 6 December 2016, the amendments to the Agreement will enter into force on 10 January 2018 with the possibility of a further extension to be granted by the Council if requested by Members. Until that time the CFC operates under interim provisions which generally correspond to the those contained in the amendments. The documents below represent the regulations and rules of the CFC as amended.