Ivory Coast Times

Ivory Coast Times

Market

Chocolate: Sweet treat but for cocoa farmers, business is bitter

Published by
DPA

From Valentine’s Day through Easter to Christmas, the calendar is packed with chances to enjoy chocolate. Plus, amid the pandemic, many people are finding comfort in a bar or two. Sales of chocolate slumped slightly when the coronavirus first broke out, but last year production and sales grew. But it is still a bitter business for cocoa farmers. Annual sales of chocolate products reach 130 billion dollars, according to estimates. However, farmers only take home 7.3 per cent of that and their earnings are shrinking. In October, the price of cocoa in West Africa fell by 18.5 per cent. In order f…

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