While there is no indication the world is not about to run out of chocolate any day soon, there are concerns from manufacturers and suppliers that the current high prices and shortage of cocoa beans will push up costs further and, in some cases, restrict the procurement of key ingredients.
Operators and traders strive to comply with EUDR but face challenges: gaps in information, technical solutions, and supply chain complexities, claim FEFAC, FEDIOL, and agribusiness groups.
A multi-stakeholder initiative has been launched in Ghana to ‘end child labour in all its form,’ by eradicating its root causes, and coordinating ongoing efforts along Sustainable Development Goals (SDGs).
Ghana will follow Cote d’Ivoire and raise the fixed farmgate price paid to cocoa farmers by up to 50%. The announcement could be made as early as the end of this week, ConfectioneryNews understands.
The World Cocoa Foundation (WCF), along with other industry stakeholders, has launched groundbreaking methodology for accurately measuring cocoa household and living incomes.