Deal #5883

Location #1

Spatial accuracy level
Coordinates
Location
El Rama, Nicaragua

Latitude
12.259044
Longitude
-84.016595
Target country
Nicaragua

Land area

Size under contract (leased or purchased area, in ha)
[2012] 2000
[2014] 500
Size in operation (production, in ha)
[2017] 1300
Comment on land area
First harvest in 2017 on 1300 ha. See: http://www.handelsblatt.com/unternehmen/handel-konsumgueter/plantage-in-nicaragua-ritter-sport-baut-kakao-bald-selbst-an/8070040.html "The company announced plans to buy 2,000 hectares of land in Nicaragua last years, but recently upped the surface area to 2,500 hectares. See:https://www.confectionerynews.com/Article/2014/07/24/Ritter-cocoa-planation-in-Nicaragua-Future-of-sourcing?utm_source=copyright&utm_medium=OnSite&utm_campaign=copyright Company source: ” 1,500 hectares of the plantation are cultivated in this manner. The remaining 1,000 hectares are preserved as forests and wetlands, and offer a habitat for countless native varieties of plants and animals—thereby making an important contribution to species conservation.” See: https://www.ritter-sport.de/export/sites/default/.galleries/downloads/Ritter-NHB-2016_GB_Seite.pdf

Intention of investment

Intention of investment
Food crops, Other (please specify)
Comment on intention of investment
Cacao plantation, other crops as side crops such as bananas, mahagoni-trees... infrastructure

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2012] Concluded (Contract signed)

Implementation status

Implementation status
[2017] In operation (production)
Comment on implementation status
First harvest in 2017

Purchase price

Comment on purchase price
total investment: 60 Mio. Euro, See: http://www.cash.at/archiv/nachhaltig-engagiert-und-am-puls-der-zeit/

Number of total jobs created

Jobs created (total)
Yes
Current number of jobs (total)
[2014] 200
Comment on jobs created (total)
See: http://www.spiegel.de/karriere/kulturschock-kakao-anbauen-in-nicaragua-a-992160.html

Number of jobs for foreigners created

Jobs created (foreign)
Yes
Current number of jobs (foreign)
[2014] 20

Number of domestic jobs created

Jobs created (domestic)
Yes
Current number of jobs (domestic)
[2014] 180
Comment on jobs created (domestic)
80% of the 200 workers are from the region, see: http://www.spiegel.de/karriere/kulturschock-kakao-anbauen-in-nicaragua-a-992160.html

Operating company

Name of investment project
El cacao

 

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Data source #1

Data source type
Media report
File
Date
2013-05-31

Data source #2

Data source type
Company sources
File

Data source #3

Data source type
Company sources
File
Date
2017-04-19

Data source #4

Data source type
Media report
File
Date
2013-04-24

Data source #5

Data source type
Media report
File
Date
2014-07-23

Data source #6

Data source type
Media report
File
Date
2014-07-16

Data source #7

Data source type
Media report
File
Date
2017-07-29

Data source #8

Data source type
Company sources
File
Date
2014-10-01

Data source #9

Data source type
Company sources
File

Data source #10

Data source type
Company sources
File
Date
2017-01-01

Data source #11

Data source type
Media report
File
Date
2013-04-15

Data source #12

Data source type
Media report
File
Date
2013-04-15

Data source #13

Data source type
Company sources
File

Former land use

Former land use
Pastoralism
Other
Comment on former land use
pasture and fallow land

Former land cover

Former land cover
Forest land
Shrub land/Grassland (Rangeland)
Marginal land

Detailed crop, animal and mineral information

Crops area
Cacao

Use of produce

Has export
Yes
Export
100
Country 1
Germany
Country 1 ratio
100

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Opening and peeling out the cocoa beans, See: http://www.cash.at/archiv/nachhaltig-engagiert-und-am-puls-der-zeit/

April 5, 2018, 3:27 p.m.

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April 5, 2018, 1:54 p.m.

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Jan. 11, 2018, 4:48 p.m.

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