Cacao

,661  

&$5$&7(5,=$&,Ð1 ),6,&248Ì0,&$ '( 0$7(5,$/(6 5(*,21$/(6 '( &$&$2 &2/20%,$12 3+@ /D FRPSRVLFLyQ HQ iFLGRV JUDVRV VH GHWHUPLQy SRU FURPDWRJUDItD GH JDVHV FRQ XQ HTXLSR $JLOHQW 7HFK QRORJLHV  6HULHV *& 6\VWHP 3DOR $OWR ((88 DFRSODGR D XQ GHWHFWRU GH LRQL]DFLyQ GH OODPD \ XQD FROXPQD FDSLODU '%:$; PP ', [ —P GI /D WHPSHUDWXUD GHO KRUQR VH YDULR GHVGH ž&  PLQ KDVWD  ž&  PLQ D  ž&PLQ /D WHPSHUDWXUD GHO GHWHFWRU IXH  ž& (O JDV GH DUUDVWUH HPSOHDGR IXH KHOLR   D XQ IOXMR GH  FPV \ HO JDV PDNH XS QLWUyJHQR D  P/PLQ (O LQ\HFWRU 6SOLW  VH PDQWXYR HQ  ž& \ HO YROXPHQ GH LQ\HFFLyQ IXH  —/ /D LGHQWLILFDFLyQ GH ORV PHWLOpVWHUHV GH iFLGRV JUD VRV VH UHDOL]y SRU FRPSDUDFLyQ GLUHFWD GH VXV WLHPSRV GHUHWHQFLyQ FRQ XQ SDWUyQ GH )$0( )DWW\ $FLG 0HWK\O (VWHU 0L[ 683(/&2 &DW 1ž  /D FXDQWLILFDFLyQ VH UHDOL]y SRU HO PpWRGR GHO HVWiQGDU LQWHUQR XWLOL]DQGR WULGHFDQR 7RGRV ORV DQiOLVLV VH UHDOL]DURQ SRU GXSOLFDGR WHQLHQGR DO ILQDO XQ WRWDO GH VHLV UHVXOWDGRV SRU PDWHULDO GH FDFDR DQDOL]DGR

0e72'2
0XHVWUHR \ WUDQVSRUWH /DV PXHVWUDV GH FDFDR IHUPHQWDGDV FDMyQ VHLV GtDV \ VHFDV FDVD HOEDFLQFR GtDV FRUUHVSRQGLHQWHV D WUHV PXHVWUHRV WRPDGRV HQ GLIHUHQWHV pSRFDV GHO DxR IXH URQ VXPLQLVWUDGDV SRU )HGHFDFDR \ &RUSRLFD \ HQYLDGDV DO ODERUDWRULR GH DOLPHQWRV GH OD 8QLYHUVLGDG ,QGXVWULDO GH 6DQWDQGHU 8QD YH] DOOt VH UHDOL]y XQ FXDUWHR \ VH WRPDURQ DO D]DU  JUDQRV \ VH GHVFDVFDULOODURQ /D PXHVWUD GHVFDVFDULOODGD VH PROLy VH HPSDFy DO YDFtR \ VH DOPDFHQy HQ FDMDV SOiVWLFDV FRQWDSD KDVWD VX HYDOXDFLyQ (Q OD 7DEOD  VH UHODFLRQDQ ORV PDWHULDOHV HYDOXDGRV \ VX SURFHGHQFLD
7DEOD  2ULJHQ \ VHOHFFLyQ GH ORV PDWHULDOHV HYDOXDGRV

,&6 &&1 &5,2//2 6&& 6&& 6&& 6&& )(& )6$ )69 )/( )($5

0$7(5,$/(6

7ULQLGDG (FXDGRU 9DOOHGXSDU &HVDU 5LRQHJUR 6DQWDQGHU 6DQ 9LFHQWH 6DQWDQ GHU 5LRQHJUR6DQWDQGHU 5LRQHJUR6DQWDQGHU (O &DUPHQ 6DQWDQGHU 6DUDYHQD $UDXFD 6DQ 9LFHQWH 6DQWDQ GHU /HEULMD 6DQWDQGHU $UDXTXLWD $UDXFD

25,*(1

8QLYHUVDO 8QLYHUVDO )HGHFDFDR &RUSRLFD &RUSRLFD &RUSRLFD &RUSRLFD )HGHFDFDR )HGHFDFDR )HGHFDFDR )HGHFDFDR )HGHFDFDR

6(/(&&,Ð1



%LRWHFQRORJtD HQ HO 6HFWRU $JURSHFXDULR \ $JURLQGXVWULDO 9RO  1R     (QHUR  -XQLR 

$QiOLVLV (VWDGtVWLFR /RV UHVXOWDGRV H[SHULPHQWDOHV IXHURQQRUPDOL]DGRV \ HYDOXDGRV PHGLDQWH HO SURJUDPD HVWDGtVWLFR 6366 SDUD :,1'2:6 YHUVLyQ  EDVDGR HQ OD DSOLFDFLyQ GH XQ DQiOLVLV GH YDULDQ]D $129$ TXH UHSDUWH OD YDULDFLyQ WRWDO GH ODV REVHUYDFLRQHV HQ GRV FRPSRQHQWHV OD YDULDFLyQ HQWUH ODV GLIHUHQWHV PXHVWUDV \ OD YDULDFLyQ DGHQWUR GH ODV PXHVWUDV /D HVWDGtVWLFD GH OD SUXHED HV OD UD]yQ GH ODV YDULDQ]DV HQWUH \ DGHQWUR GH ODV PXHVWUDV R ) D SDUWLUGH FX\R YDORU VH GHWHUPLQD HO YDORU GH SUREDELOLGDG 3 3DUD HVWH HVWXGLR ODV KLSyWHVLV D HYDOXDU IXHURQ  +LSyWHVLV 1XOD HO YDORU GH XQD YDULDEOH PHGLGD HV OD PLVPD HQ FDGD XQR GH ORV GRFH PDWHULDOHV GH FDFDR HYDOXDGRV  +LSyWHVLV $OWHUQD HO YDORU GH XQD YDULDEOH PHGLGD GLILHUH SDUD FDGD XQR GH ORV GRFH PDWHULDOHV GH FDFDRV HYDOXDGRV 6L HO YDORU GH 3 HV PHQRU GH   VH UHFKD]D ODKLSyWHVLV QXOD \ VH DSOLFD OD SUXHED 7XNH\ FRPR WHVW D SRVWHULRUL TXH FRPSDUD ODV GLIHUHQFLDV HQWUH ORV SURPHGLRV GH ODV PXHVWUDV >@ /D DSOLFDFLyQ GH HVWH WHVW SHUPLWLy FODVL ILFDU ORV PDWHULDOHV HQ WUHV JUXSRV JUXSR E TXH LQYROXFUD DTXHOORV PDWHULDOHV TXH WLHQHQ PD\RU FRQWHQLGR GH OD YDULDEOH DQDOL]DGD JUXSR DE TXH SUHVHQWD YDORUHV LQWHU PHGLRV \ HO JUXSR D TXH SUHVHQWD ORV PHQRUHV YDORUHV7DEOD  5HVXOWDGRV GHO 7UDWDPLHQWR $129$ D ODV YDULDEOHV HYDOXDGDV HQ ORV GRFH PDWHULDOHV GH FDFDR

9$5,$%/(
S+ $FLGH] &DVFDULOOD *UDVD 3URWHtQD &HQL]D )LEUD 0DJQHVLR 3RWDVLR )yVIRUR +LHUUR =LQF

)
           

6LJQLILFDQFLD
3   3   3   3   3   3   3   3   3   3   3   3  ...