Ghana
West African countries have an opportunity to negotiate a better deal for farmers as cocoa prices are on the rise.
Slyblogger
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Photo by Ly Le Minh |
The global price of cocoa has reached a 44-year peak due to concerns over dwindling cocoa output in West Africa, which is responsible for over 80% of the world's cocoa production. Ghana and Côte d'Ivoire, which contribute over 60% to the global output, have increased the guaranteed producer prices to farmers in response to the price surge. Cameroon, the world's fourth-largest cocoa producer, has also raised the price cocoa farmers receive. As an economics researcher who has studied cocoa production in West Africa, I believe that this moment can be used to strengthen the position of cocoa producers and address the structural challenges ingrained in the cocoa production value chain.
Then Cocoa farming is a great way to start
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