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.