Cacao de Davao Secures Major Contracts, Driving Up Farm-Gate Prices
What happened
Cacao de Davao has successfully pursued a strategy of high-profile culinary collaborations to promote its cacao industry. The company recently announced a landmark deal to supply tsokolate to Cebu Pacific Air for use in its in-flight champorado. Additionally, the company is collaborating with Ikao Restaurant in Davao City.
From manilatimes.net
Why it matters
These increased high-profile orders are reportedly driving up farm-gate prices for raw beans in the Davao Region. The successful contracts also include a major supply agreement between Cacao de Davao and UCC.
From manilatimes.net
Who's involved
- Davao RegionThe region where the cacao industry is based and where farm-gate prices are rising.
- Cebu PacificA low-cost Philippine airline that has secured a supply contract for in-flight service.
- UCCA Czech company that has reportedly secured a massive contract for powdered chocolate supply from Cacao de Davao.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Davao RegionSpeculative
The region could experience increased farm-gate prices for raw cacao beans due to high-profile orders.
- Cebu PacificSpeculative
Cebu Pacific could expand its business segment by incorporating a new supplier into its in-flight service.
- UCCSpeculative
UCC could benefit from a successful and massive contract providing a new source of powdered chocolate supply.