which
together with Ivory Coast
accounts for more than 60 per cent of global production © Reuters Neil Munshi in Lagos and Emiko Terazono in London https://www.ft.com/content/c7f1268d-b18a-4dc8-a40e-494bebd0d132 Ghana and Ivory Coast have hit out at several big chocolate companies and traders including Mars
Hershey and Olam
accusing them of trying to circumvent a premium on cocoa meant to help fight farmer poverty in west Africa. The accusations by the two countries
which account for more than 60 per cent of global cocoa production
mark an escalation of a tussle between nations that grow the key chocolate ingredient and the confectionery industry. In a letter seen by the Financial Times
the two countries accused the chocolate producers of trying to avoid a $400-a-tonne âliving income differentialâ
or LID
that is added to the price of