Thursday
November 19
2020

More Dough for Cocoa Farmers

Cocoa farmers in Cote D’Ivoire are set to earn higher prices for their beans, as Ben & Jerry’s ramps up its living income approach for farmers, in partnership with Fairtrade.

From October 2020 onwards, around 5,000 Fairtrade cocoa farmers in Ben & Jerry’s supply chain will receive approximately an additional $600,000 over the next year. This amount is on top of the annual Fairtrade Premium of around $970,0001 and the Ivorian government’s minimum price for cocoa that all companies are required to pay. The extra money that farmers will now receive is an important part of Ben & Jerry’s wider efforts to support farmers towards closing the living income gap.

Photo courtesy of David Greenwood-Haigh.

Source: Eco-Business (link opens in a new window)

Categories
Agriculture, Environment
Tags
agriculture, business development, environmental impact, income inequality, social enterprise, social impact