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11.10.2019 Business & Finance

Chocolate Makers Drag Feet Over Ivory Coast, Ghana $400 Living Income Differentials

...Ivory Coast, Ghana To 'Re-examine' Cocoa Sustainability Schemes
By News Desk
Chocolate Makers Drag Feet Over Ivory Coast, Ghana $400 Living Income Differentials
OCT 11, 2019 BUSINESS & FINANCE

Top cocoa producers Ivory Coast and Ghana have said they would re-examine the cocoa industry’s sustainability schemes as chocolate makers have been slow to pay the two nations a living income differential (LID) for their beans.

The West African neighbours, which together produce more than 60% of the world’s cocoa, introduced the $400 living income differential (LID) in July on all cocoa sales for the 2020/21 season, in a bid to ease pervasive farmer poverty.

“The (chocolate) brands are focusing on their sustainability programmes at the expense of the LID. The two countries (are) therefore re-examining all sustainability and certification programmes for the 2019/20 season,” Ivory Coast and Ghana said in a joint statement.

---Reuters

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