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May
06
2021
By The African Mirror
Chocolate makers trace more cocoa beans to ensure ethical sourcing

Chocolate makers trace more cocoa beans to ensure ethical sourcing

BUSINESS
MAYTAAL ANGEL CHOCOLATE and cocoa companies are tracing where more of their cocoa beans come from, as pressure mounts on them to buy beans from growers who are not linked to deforestation or human rights abuses, data from the World Cocoa Foundation (WCF) shows. The industry group said companies can now trace or locate the origin of 74% of the beans in their direct supply chain in top cocoa producer Ivory Coast, and 82% of their directly sourced beans in No. 2 producer Ghana. Directly sourced cocoa accounts for about half the beans that cocoa and chocolate companies source, while…
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Feb
25
2021
By The African Mirror
Cocoa producers Ivory Coast, Ghana, others should join forces to control supplies

Cocoa producers Ivory Coast, Ghana, others should join forces to control supplies

BUSINESS
TOP cocoa producers Ivory Coast and Ghana need to control supplies and join forces with other producing countries if they want to achieve higher prices, the head of the International Cocoa Organisation (ICCO) said. Speaking at the Chocoa sustainable cocoa conference, Michel Arrion said Ivory Coast and Ghana recently acknowledged the need to control cocoa supplies, but they could be scuppered if other producers increase output. "Ivory Coast and Ghana with 65% of world production are still price takers, if they were 90% they wouldn't be price takers, so we need more producers (on board)," Michel told Chocoa participants via…
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