Ghana, Ivory Coast Partner To Raise Price Of Cocoa

Jan. 10, 2020

Ivory Coast and Ghana, which together produce almost two-thirds of the world's cocoa, have decided to substantially raise the price of the good per metric ton by about 16 percent, according to The Wall Street Journal. These prices are to take effect in October 2020, the article stated. As a consequence, the price of products like candy could rise as well.

These price hikes follow human rights violations, such as child labor on cocoa farms, and environmental sustainability issues, The Morning Call reports. Several chocolate product manufacturers have called on governmental bodies, such as the European Union, to help address human rights and environmental challenges in the cocoa supply chain.

The following media sites provide additional coverage:

ABC7 (video)

BBC (radio segment, begins at 11:09)

Related

PepsiCo
Beverage

PepsiCo launches Bubly Burst as part of Bubly product line

March 21, 2024
Bubly Burst is a flavor-forward, lightly sweetened sparkling water beverage – available in six flavors.
Jackson's
Products

Jackson's unveils Wavy Sweet Potato Kettle Chip line

March 21, 2024
Jackson's introduced its latest innovation, the new Wavy Cut Sweet Potato Chips kettle cooked in avocado oil.
Eco-Products
Products

Eco-Products introduces compostable paper bags and sandwich wraps

March 21, 2024
Eco-Products announced it has added a variety of paper bags, sandwich wraps and other items to its GreenStripe line of compostable products.
Nature's Bakery
Products

Nature's Bakery expands its Brownie line with salted caramel flavor

March 21, 2024
Salted Caramel Brownie is made with whole grains, dates and vegan chocolate.