Search Results for: cocoa

NEW DATA QUANTIFIES COCOA SUPPLY CHAIN TRACEABILITY ISSUES IN WEST AFRICA

Recent data released by Trase, a supply chain mapping solutions provider, concluded that current traceability measures in Cocoa supply chains are not effective in stopping deforestation. The data shows that between 2000 and 2019, Cocoa farming alone consumed 2.4 million ha of forest in Côte d’Ivoire – an area comparable to the size of Rwanda. […]

NEW DATA QUANTIFIES COCOA SUPPLY CHAIN TRACEABILITY ISSUES IN WEST AFRICA Read More »

WHY IS IT PROBLEMATIC FOR KOA TO PAY COCOA FARMERS THROUGH MOBILE MONEY?

Mobile money as a financial system was introduced to support the non-banked population, mostly in rural African agrarian communities, to perform financial transactions efficiently. The basis was that the financial institutions found it costly to set up “retail banking centres” in rural areas. It was also argued that there were high risks associated with the

WHY IS IT PROBLEMATIC FOR KOA TO PAY COCOA FARMERS THROUGH MOBILE MONEY? Read More »

COCOA ARRIVALS DOWN AT CÔTE D’IVOIRE PORT AS DOCK WORKERS STRIKE CONCLUDES

Dock workers at San Pedro, one of Côte d’Ivoire’s two main ports, had stopped work in an ongoing strike from 31 October to 6 November after dockworkers refused to unload trucks which left exporters unable to transport Cocoa. According to Amidou Sylla, one of the strike leaders, the port workers fully resumed work on Monday.

COCOA ARRIVALS DOWN AT CÔTE D’IVOIRE PORT AS DOCK WORKERS STRIKE CONCLUDES Read More »

CÔTE D’IVOIRE WELCOMES ‘TEAM EUROPE’ FUNDING FOR COCOA SUSTAINABILITY

The West African government has confirmed that the EU will provide €450 million ($450.02m) to support Côte d’Ivoire’s Cocoa sector. The support money is expected to help address sustainability issues in the country’s Cocoa sector, particularly deforestation and child labour. The Team Europe initiative was launched last month after a meeting between the European Union

CÔTE D’IVOIRE WELCOMES ‘TEAM EUROPE’ FUNDING FOR COCOA SUSTAINABILITY Read More »

CÔTE D’IVOIRE GIVES COCOA BUYERS UNTIL 20 NOVEMBER TO FACTOR LID IN PRICES

The Coffee and Cocoa Council (CCC), the Cocoa regulator in Côte d’Ivoire, has set a deadline of 20 November 2022 for Cocoa buyers to include the Living Income Differential (LID) in their new prices. The LID is $400 per tonne of Cocoa and applies to all contracts sold by both Côte d’Ivoire and Ghana. Cocoa

CÔTE D’IVOIRE GIVES COCOA BUYERS UNTIL 20 NOVEMBER TO FACTOR LID IN PRICES Read More »

WHO BENEFITS FROM KOA’S TRANSPARENCY SYSTEM? THE COCOA FARMER, KOA OR KOA’S COLLABORATORS?

The Assessment of KOA’s Transparency system continuous The other issue revealed is how Koa gains and the farmer loses out on the currency depreciation: As noted in Graph 1 (part 1), The Ghana Cedi depreciated/US$ appreciated by 55%. This means the income earned by farmers from Koa lost 55% of its value in just a

WHO BENEFITS FROM KOA’S TRANSPARENCY SYSTEM? THE COCOA FARMER, KOA OR KOA’S COLLABORATORS? Read More »

GHANA AND CÔTE D’IVOIRE BOYCOTT WORLD COCOA FOUNDATION MEETING

The annual partnership meeting of the World Cocoa Foundation, held in Brussels, recently came to an end. The two-day event discussed how to improve supply chains. A particular focus was on sustainability and working with farmers to enable them to earn a living wage This year, for the first time in three years, the meeting

GHANA AND CÔTE D’IVOIRE BOYCOTT WORLD COCOA FOUNDATION MEETING Read More »

MONDELEZ TO INVEST ADDITIONAL $600 MILLION INTO COCOA LIFE PROGRAMME

Mondelez has announced plans to invest an additional $600 million in its Cocoa Life programme by 2030. This makes the company the latest to step up its efforts to improve the lives of Cocoa farmers and reduce the risk of child labour in supply chains The news came just before the World Cocoa Foundation’s annual

MONDELEZ TO INVEST ADDITIONAL $600 MILLION INTO COCOA LIFE PROGRAMME Read More »