ABIDJAN Ivory Coast cocoa grinding could drop by 40% to 25,000 tonnes in May, and even further in June, due to power shortages in the world’s top grower,…
Ivory Coast cocoa grinding could drop by half to 25,000 tonnes in May, and even further in June, due to power shortages in the world's top grower, five sources, including some in the exporters' association GEPEX, said on Friday.
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AfricaIvory Coast, Ghana push cocoa industry to boost premium payments
Reuters
3 minute read
Ivory Coast and Ghana asked cocoa and chocolate companies last week to pay more in premiums to support farmers wages, the head of Ivory Coast s industry regulator told Reuters on Thursday.
However, Yves Kone, the head of Ivory Coast s Coffee and Cocoa Council (CCC), acknowledged that the countries have limited leverage to force the hands of companies suffering from a fall in global demand due to the COVID-19 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.
Ange Aboa
2 minute read A farmer prepares to collect a cocoa pod at a cocoa farm in Alepe, Ivory Coast December 7, 2020. REUTERS/Luc Gnago/File Photo
Around 15% of cocoa farms in the worldâs top grower Ivory Coast are in protected forest areas, potentially breaching standards expected in upcoming European Union law, a study commissioned by the countryâs sector regulator found.
The findings, seen by Reuters and presented to an EU delegation in Abidjan, are the first of their kind. The results of the census provide a reliable database, which is essential for the strategic development of the coffee and cocoa sector, the study by the Coffee and Cocoa Council (CCC) said.