<\/p>\n
Ghana and C\u00f4te d\u2019Ivoire are boycotting the World Cocoa Foundation partnership meetings in Brussels, Belgium to protest the<\/p>\n
The C\u00f4te d\u2019Ivoire-Ghana Cocoa Initiative (CIGCI) Secretariat will also not be taking part in the meeting, which starts today.<\/p>\n
\u201cOur members are not happy with the state of play, and we want to send a clear message that we will not undermine the livelihoods of farmers,\u201d Alex Assanvo, Executive Secretary of the CIGCI is quoted as saying in a statement.<\/p>\n
The LID was introduced in 2019 to guarantee cocoa farmers a minimum price that would improve the income of farmers, many of whom live in poverty.<\/p>\n
The LID is set at $400 per tonne of cocoa and is charged on top of world prices.<\/p>\n
But the LID has been undermined by commodity traders who slapped negative Country Differentials (CD) on the London and New York Cocoa Futures amounting to -$260 per tonne for Ghana and Ivory Coast.<\/p>\n
Le Conseil du Caf\u00e9 Cacao (CCC) and the Ghana Cocoa Board (COCOBOD) have complained about the state of affairs.<\/p>\n
In a move to ensure transparency, Ghana and C\u00f4te d\u2019Ivoire have been publishing origin differentials and in July 2022, a further decision was taken to no longer sell their cocoa with negative country differentials.<\/p>\n
At the same time, a process was also launched with the industry to build a path for an economic pact that was signed by all the major companies.<\/p>\n
The boycott has been backed by some observers in Ghana and C\u00f4te d\u2019Ivoire.<\/p>\n
The Plateforme Ivoirienne pour le cacao durable and the Ghana Civil-society Cocoa Platform, comprising farmers, farmer-based organizations, cocoa cooperatives, small-scale processors, media and civil society organizations working in the cocoa sector, commended the move.<\/p>\n
\u201cWe believe it is about time the world recognized the double standards of multinational cocoa and chocolate industries, especially on cocoa pricing and the deteriorating living conditions of cocoa farmers due to their self-seeking interests and quest to maximize profits without any willingness to distribute profits along the value chain.\u201d<\/p>\n
\u201cThe LID has finally become a figment of imagination and not tangible reality in the lives of cocoa farmers,\u201d they said.<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Ghana and C\u00f4te d\u2019Ivoire are boycotting the World Cocoa Foundation partnership meetings in Brussels, Belgium to protest the The C\u00f4te d\u2019Ivoire-Ghana Cocoa Initiative (CIGCI) Secretariat will also not be taking part in the meeting, which starts today. \u201cOur members are not happy with the state of play, and we want to send a clear message […]<\/p>\n","protected":false},"author":1,"featured_media":1217236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[3551,181,2983,2984,402,85,458,784],"class_list":["post-1235354","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-boycott","tag-cocoa","tag-cote","tag-divoire","tag-foundation","tag-ghana","tag-meeting","tag-world"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1235354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1235354"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1235354\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1235354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1235354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1235354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}