Thursday
May 12
2022

EU Lawmakers Are Pushing for a Plan to Raise Cocoa Prices in West Africa

By Alexander Onukwue

Shiploads of cocoa move from Côte d’Ivoire and Ghana to Europe every year, giving life to a global $130 billion chocolate industry. But the west African farmers at the heart of this value chain have remained extremely poor over time. Some lawmakers in the European Union are now joining presidents of Côte d’Ivoire and Ghana in trying to change that imbalance.

“We urge the Commission to rapidly engage in formal negotiations with the governments of Côte d’Ivoire and Ghana with the aim of reaching an Economic Pact for Sustainable Cocoa,” a group of EU lawmakers said in an April letter, Reuters reported.

Photo courtesy of Irene Scott AusAID / Department of Foreign Affairs and Trade.

Source: Quartz Africa (link opens in a new window)

Categories
Agriculture
Tags
agribusiness, agriculture, farming, smallholder farmers, sustainability, value chains