The steepest dive in cocoa demand in a decade has thrown into jeopardy a plan by top producers Ivory Coast and Ghana to guarantee some 2-million farmers a living wage. Leading chocolate-makers agreed to a proposal from the African nations last year to charge the industry a premium for cocoa beans and guarantee a minimum income to farmers who earn just $1 a day.
For those who missed it, here’s the story: Ivory Coast and Ghana, the West African nations which together produce about two-thirds or more of the world’s cocoa, have formed their own chocolatey version of the Organization of the Petroleum Exporting Countries (OPEC).
7 JUNE 2017, AMSTERDAM AND NEW YORK—The Rainforest Alliance and
The Ministry of Foreign Affairs of Holland funds the program