Market weakness: Cocoa beans pictured in Ghana. The impact of the Covid-19 pandemic on demand has driven prices to their lowest in nearly two years. — Reuters
LONDON: The steepest dive in cocoa demand in a decade has thrown into jeopardy a plan by top producers Ivory Coast and Ghana to guarantee some two million farmers a living wage, sources within the countries’ regulators said.
Leading chocolate-makers agreed to a proposal from the African nations last year to charge the industry a premium for cocoa beans and guarantee a minimum income to farmers who earn just US$1 a day.
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