GHANA, a big exporter of cocoa - whence chocolate comes - has enjoyed its biggest harvest, but Covid-19 lockdowns have closed its chief market, airport gift shops around the world.
This year was supposed to mark the start of a more sustainable era for cocoa farming in Ghana and Ivory Coast, the biggest cocoa exporter, reports Bloomberg.
Adding to the glut, the nation's cocoa regulator, the Ghana Cocoa Board, improved yields by distributing free drought-resistant seedlings and promoting better farming practices, including hand pollination.
The West African nations, which grow almost 70 per cent of the world's beans, introduced a so-called living-income differential, aimed at boosting farmer pay, at the beginning of the 2020-21 season. The premium adds US$400 to every tonne of cocoa sourced from their countries.
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This year was supposed to mark the start of a more sustainable era for cocoa farming in Ghana and Ivory Coast, the biggest cocoa exporter, reports Bloomberg.
Adding to the glut, the nation's cocoa regulator, the Ghana Cocoa Board, improved yields by distributing free drought-resistant seedlings and promoting better farming practices, including hand pollination.
The West African nations, which grow almost 70 per cent of the world's beans, introduced a so-called living-income differential, aimed at boosting farmer pay, at the beginning of the 2020-21 season. The premium adds US$400 to every tonne of cocoa sourced from their countries.
SeaNews Turkey