After several weeks of tension between the world leaders in cocoa production and the rest of the chocolate industry, the time has come to calm. In Abidjan, Yves Brahima Koné, the general manager of the Cocoa Coffee Council (CCC), the policeman of this strategic sector for the Ivorian economy, announced the establishment of a working group with all stakeholders to discuss sustainability programs and contract prices.
Côte d’Ivoire-Ghana: five questions to understand the battle over cocoa
An initiative which aims, through negotiation, to give more weight in discussions with multinationals to Côte d’Ivoire and Ghana, the first and second largest suppliers of beans in the world.
“We protested and boycotted to express notre dissatisfaction. It worked because the market moved higher. This proves that there are people who manipulate the market,” assured Yves Koné, returning to the hardening of the tone operated by the producing countries in recent weeks to obtain better remuneration for cocoa, in particular via the payment of a premium. $400 per ton on top of the market price.
Sustainability programs benefit exporters more than to planters