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Ghana and Cote d’Ivoire are responsible for 65% of the raw cocoa beans used in making chocolates
Ghana and Ivory Coast, which produce two-thirds of the world’s cocoa, will leverage their production capacities to ensure the industry adheres to the living income differential (LID) pricing mechanism, the advisor to both countries on the LID, Joseph K. Forson, has disclosed.
The two countries cancelled all cocoa sustainability schemes run by U.S.-based Hershey, accusing the chocolate maker of trying to evade the payment of the US$400 LID per tonne of cocoa to farmers, aimed at combating farmer poverty.
“What we are targeting to do is to leverage whatever strength we have to get them to adhere to the pricing mechanism that we think will help our farmers,” Mr. Forson said in an interview with Business24. ....

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