Ascot Amsterdam stands for Associated Cocoa Trading Amsterdam BV. Ascot Amsterdam is co-owned by Phobos and the Associated West-African Cocoa Producers, currently Cocoa Abrabopa Association (Ghana, 2008), and Cocoa Lela Association (Liberia, 2011). New associations will join the Associated West-African Cocoa Producers and Ascot will act as sales office for all “cocoa for a better life” associations.
As the farmer associations participate as major shareholder of Ascot, they will receive dividend over the sales. Ascot offers transparency towards customers and the “cocoa for a better life” associations. The full 100% of the premium for certified cocoa is being paid to the association in the country of origin. We aim to give at least 40% of this premium, pro-rate basis, to our associated certified cocoa farmers