Search Results for: cocoa farmers living income

cocoa pod

NIGERIA’S ENTHUSIASM TO OUTPERFORM GHANA AND IVORY COAST COCOA PRODUCTION

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Since the beginning of 2022, one of the major announcements that dominated news within the cocoa chocolate sector was Nigeria’s announcement to revive its cocoa sector with the ambition to overtake Ghana and Ivory Coast to become the global leader in cocoa production by 2027 and I considered whether this was political rhetoric. However, to not […]

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NIGERIA ESTABLISHES NEW COMMITTEE TO REGULATE COCOA SECTOR

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Nigeria’s government has created a new committee that develops and monitors the country’s Cocoa sector and makes its activities more transparent in the process. The Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, inaugurated the National Cocoa Management Committee (NCMC). The Permanent Secretary of the ministry, Dr Ernest Umakhihe, said this was in line

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GHANA AND CÔTE D’IVOIRE RAISE COCOA ORIGIN DIFFERENTIAL PREMIUMS

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The world’s leading Cocoa producers have announced that they will effectively raise the price of Cocoa from their respective countries by no longer accepting negative premiums, which they have been forced to do recently. Cocoa farmers in Côte d’Ivoire and Ghana have always struggled to earn a dignified living wage from Cocoa production, despite being

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BARRY CALLEBAUT PROVIDES COCOA FARMERS ADDITIONAL LABOUR SUPPORT

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Barry Callebaut has offered their support to Cocoa farmers in Ghana and Côte d’Ivoire as they carry out pre-harvest activities in preparation for the coming Cocoa crop season. Preparations in the pre-harvest period are crucial to achieving a positive yield.  The support is part of their Forever Chocolate plan, through the company has committed to

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COCOA BUYERS AGREE TO CÔTE D’IVOIRE AND GHANA’S PREMIUM SCHEMES

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Cocoa-buying companies met with government representatives from Côte d’Ivoire and Ghana on Friday to discuss how they could better combat poverty among farmers. In the meeting, the Cocoa buyers agreed to back a floor price on Cocoa sold from the West African countries. This includes paying a premium, on top of the Living Income Differential

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NEW ‘ALLIANCE ON SUSTAINABLE COCOA’ ROADMAP BACKED BY EU & WEST AFRICAN COCOA SECTOR

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The EU, Côte d’Ivoire and Ghana Cocoa sector recently concluded the ‘Cocoa Talks’, wherein they engaged in a dialogue around the sustainability of the cocoa sector. Following the recent meeting, all parties agreed on their endorsement of a new ‘Alliance on Sustainable Cocoa’ roadmap that is set to improve upon various elements of sustainability in

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goodsam

GOODSAM FOODS, LUKER CHOCOLATE LAUNCH ‘BUILDING NETWORKS’ INITIATIVE TO EDUCATE YOUNG COCOA FARMERS

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GoodSam Foods, a healthy snack brand based in Connecticut, has teamed up with Colombian chocolate makers Luker Chocolate to launch their latest initiative, Building Networks. The initiative aims to improve educational programmes in Colombian Cocoa communities, bringing together and providing educational resources for youths while teaching them to use “social media for good”. In GoodSam’s

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mondelez and olam cocoa sustainability

THE CONSEQUENCES OF MONDELEZ/OLAM’S PROJECT ON COCOA FARMERS AND THEIR ECONOMIES

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Part Two….. A Possible nepotism/corruption? Mondelez is a chocolate manufacturer, whereas Olam is global cocoa sourcing and cocoa processing firm. With Mondelez’s focus on chocolate manufacturing, it will only make sense to purchase their Cocoa beans (for the bean-to-bar chocolate) or their semi-processed cocoa products for chocolate manufacturing, all from Olam. I do not know

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Nigerian Currency

WEAK CURRENCY AND HIGH PRICES A DOUBLE-WHAMMY FOR NIGERIAN COCOA FARMERS 

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Nigerian Cocoa farmers are growing concerned that they will soon be unable to afford the necessary farming supplies to carry out their duties. The price of chemicals and other farming inputs is reportedly rising, according to information provided by chemical dealers and traders in the area. This, combined with rising transportation costs and a weakening

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HOW FARMERS LOSE FROM COCOBOD’S CURRENCY MANAGEMENT

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