Ecuador claims to have 62% of the world’s market for high quality cacao

On Tuesday opened the 85th session of the International Cocoa Organization (ICCO) in Guayaquil. At the meeting, attended by representatives of the world’s cocoa, stressed the importance of ‘gold nugget’ to the Ecuadorian economy.

The Vice President Lenin Moreno, gave welcoming remarks to the speakers and attendees who participate in the meeting which will run until Friday March 30 at the Hotel Oro Verde. In his opening address recalled his childhood in his grandmother’s farm, located in the Amazon. Thus, released the virtues of chocolate made with Ecuadorian cocoa.

“During the struggle for independence, between 1800 and 1822, cocoa was the most important source of funding (in Ecuador), meant between 40 and 60% of total exports, and paid to 68% of State taxes. In the early years of the Republic, with new laws on land grants, many wealthy families of the Coast acquired large properties and went to the planting and production of cocoa. These estates were called the ‘big cocoa’, hence this unique way to call people who have a lot of money “, as quoted by the Vice President. Read Article