Browsing: Ivory Coast and Ghana cocoa farmers

Top cocoa producers, Ghana and Ivory Coast, have boycotted a major industry meeting that was to be held in Brussels. Photo/Gettyimages

The World Cocoa Conference (WCC) was created back in 2012 by the International Cocoa Organization (ICCO) and was launched in Abidjan, Côte d’Ivoire.

According to the WCC organizers, “the event is held every two years to assess the status of the world cocoa economy, review current challenges and agree on measures to address these issues.”

This single event brings together the most diverse range of decision-makers and other stakeholders in the cocoa and chocolate value chain, from all over the world.

The WCC, provides a unique opportunity to deliberate the industry challenges and he new opportunities that are arising every year. The WCC is also a platform to collect vital industry information as well as for stakeholders to network.…

Cocoa and Chocolate companies have been asked to pay more in premiums. The move which is being spearheaded by Ivory Coast and Ghana is aimed at supporting cocoa farmers’ wages.

The implementation of high premiums may however, take little longer bearing to the economic effects that have been brought about by the Covid-19 pandemic.

Head of Ivory Coast’s Coffee and Cocoa Council (CCC) Yves Kone acknowledged that the countries have limited leverage to force the hands of companies suffering from a fall in global demand due to the pandemic.

Ivory Coast and Ghana, which together produce about two-thirds of the world’s cocoa, introduced a $400 per tonne premium this season termed the living income differential (LID) to increase wages for farmers, many of whom live in poverty.

But Ivory Coast was forced to repeatedly slash a separate quality premium that exporters pay, known as the country differential, in response to …