October 24, 2019

Chocolate maker endorses higher incomes for cocoa farmers

The global chocolate manufacturer, Mars Incorporated, has thrown its weight behind efforts by the Ghana Cocoa Board (COCOBOD) and its counterpart in Cote d’Ivoire, the Coffee and Cocoa Board, to get higher incomes for cocoa farmers.

Mars described the recently introduced living income differential (LID) and floor price for cocoa as being critical to achieving a sustainable cocoa sector.

The company also challenged members of the World Cocoa Foundation (WCF), a global body of stakeholders in the cocoa sector, to support the LID mechanism to help make it a success and improve the living conditions of cocoa farmers.

Addressing global stakeholders in the cocoa value chain at the 2019 WCF partnership meeting in Berlin, Germany, yesterday, the Global Vice-President of Cocoa at Mars, Mr John Ament, said in line with its support for the mechanism, Mars would buy its cocoa from Ghana and Cote d’Ivoire “with the LID”.

He said the LID was “a robust and transparent process that ensures that the additional income reaches each farmer”.

“This can limit further expansion of land use for cocoa farming, making the LID a potential key approach to addressing the income challenge,” he said at the partnership meeting, with the Chief Executive Officer of COCOBOD, Mr Joseph Boahen Aidoo, and other staff of the board in attendance.

About LID

The LID is an initiative of COCOBOD and Le Conseil du Café Cacao (CCC) of Cote d’Ivoire and it mandates buyers of cocoa from the two countries to pay an extra US$400 on every tonne of cocoa they purchase.

Source: ghanaweb.com

Share This