The German Federal Antitrust office was reviewing example commitments, which GISCO members should take up within their individual commitments on Living Income of cocoa producers.
While the Bundeskartellamt intends to continue observing GISCO’s activities, the authority concludes that there are no indicators for risks of competition restraint. As GISCO members’ commitments in the published roadmaps are made on a voluntary basis, the Bundeskartellamt does not see competition law issues.
Since GISCO does not work with fixed premiums but refers to reference prices, the Bundeskartellamt refrains from further examination. Also, they argue that the impact of farm-gate prices on the further price formation along the value chain is relatively small.
That is the go-ahead for the GISCO roadmaps and our work towards more sustainability in the cocoa sector!
You can find the press release of the Bundeskartellamt here.
Read more about our members’ commitments in the roadmaps.