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Africa s cocoa producers want chocolate makers to break off a bigger piece of profits

SHARE Chocolate demand remained strong throughout the pandemic as the world s most popular comfort food was one of the pleasures continued to enjoy from their own homes. The farmers who grow precious cocoa, however, saw little benefit. Cocoa is the essential ingredient of chocolate and has no substitute. More than 70 per cent of the world s supply of cocoa comes from West Africa, according to Netherlands-based industry monitor Cocoa Barometer. Of this, half comes from just two countries – Ghana and Ivory Coast. Other regional countries such as Nigeria and Cameroon are also expanding production, keen to grab a slice of the market that supplies the $130 billion chocolate industry.

Nigeria: Cocoa Farmers Earn Only 6 Percent of Chocolate Industry s Total Revenue - Report

Nigeria: Cocoa Farmers Earn Only 6 Percent of Chocolate Industry s Total Revenue - Report
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

Cocoa farmers earn only 6% of chocolate industry s total revenue

Cocoa farmers earn only 6% of chocolate industry s total revenue
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