Abidjan — The world’s top cocoa producer says the $100bn chocolate industry is resisting paying a premium aimed at improving the livelihood of farmers.
Some cocoa buyers are backtracking on a commitment made in 2019 to pay $400/tonne on top of futures prices for supplies from top producers Ivory Coast and Ghana, Yves Kone, the MD of Ivory Coast’s regulator, Le Conseil du Cafe-Cacao, said in a November 18 letter sent to the World Cocoa Foundation...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.