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Cote d’Ivoire, Ghana push cocoa industry to boost premium payments

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Cote d’Ivoire's Coffee and Cocoa Council says it has asked cocoa and chocolate companies in the country and Ghana to pay more in premiums to support farmers wages.

Speaking to Reuters news agency Thursday, head of the regulatory body, Yves Kone body 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.

Cote d’Ivoire  and Ghana, which together produce about two-thirds of the world's cocoa, introduced a $400 per tonne premium this season.

Farmers of cocoa in both countries are said to earn less in wages.

Patrick Sallia reports:

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Cote d’Ivoire, Ghana push cocoa industry to boost premium payments

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