Bloomberg

Top cocoa grower says chocolatiers favor profit over farmers

Workers gather dried cocoa beans outside a cooperative facility earlier this year in the Ivory Coast village of Gloplou. Foto: Washington Post photo by Salwan Georges

The world's top cocoa producer says the $100 billion chocolate industry is resisting paying a premium aimed at improving the livelihood of farmers.

Some cocoa buyers are backtracking on a commitment made last year to pay $400 a ton on top of futures prices for supplies from top producers Ivory Coast and Ghana, Yves Kone, the managing director of Ivory Coast's regulator, Le Conseil du Cafe-Cacao, said in a Nov. 18 letter sent to the World Cocoa Foundation...

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