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Cocoa Pricing Mechanism Talks: Africa CEO Forum Latest
Workers at a plastics processing plant in Yopougon, Ivory Coast.
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The world’s largest cocoa producers are studying how they could be compensated for having to set up systems to comply with new European Union regulations that aim to ensure child labor isn’t used when producing the crop and deforestation is avoided.
Ivory Coast and neighboring Ghana, which together account for about two-thirds of global output of the chocolate-making ingredient, are in talks with industry players and experts about the pricing mechanism, Alex Assanvo, executive secretary of the Ivory Coast-Ghana Cocoa Initiative, said in an interview at the Africa CEO Forum in Abidjan, Ivory Coast’s capital.