Why West African Cocoa Farmers Aren’t Yet Benefiting From High Prices
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Show notes
Global cocoa shortages are finally set to ease this season, as harvests improve and demand falls, creating a surplus for the first time in three years. But even with Cocoa hitting record high prices, the industry is taking time to recover, and debt and the need to honour contracts at cheaper prices mean farmers in Ghana and Ivory Coast - the world's biggest cocoa producing countries- aren’t yet seeing much benefit from the rising price.
Bloomberg Soft Commodities reporter Mumbi Gitau has just returned from Ghana and Ivory Coast, and joins Jennifer Zabasajja to explain what the recovery looks like at the cocoa farms, the pressures the industry is still facing and what it means for the price of our chocolate bars.
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