Page 5 - Chocs News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Chocs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Chocs Today - Breaking & Trending Today
AfricaIvory Coast, Ghana push cocoa industry to boost premium payments Reuters 3 minute read Ivory Coast and Ghana asked cocoa and chocolate companies last week to pay more in premiums to support farmers wages, the head of Ivory Coast s industry regulator told Reuters on Thursday. However, Yves Kone, the head of Ivory Coast s Coffee and Cocoa Council (CCC), acknowledged that the countries have limited leverage to force the hands of companies suffering from a fall in global demand due to the COVID-19 pandemic. Ivory Coast and Ghana, which together produce about two-thirds of the world s cocoa, introduced a $400 per tonne premium this season termed the living income differential (LID) to increase wages for farmers, many of whom live in poverty. ....
Ivory Coast will soon require 20% of cocoa purchases by multinational companies to be fulfilled by local firms in order to reduce foreign influence on the world's largest cocoa-exporting economy, four sources told Reuters on Tuesday. ....