Business A.M
No Result
View All Result
Saturday, February 14, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Agriculture

Fairtrade makes case for living income commitment to cocoa farmers

by Admin
January 21, 2026
in Agriculture

Onome Amuge

 

Fairtrade, an international agricultural empowerment organisation has called on the European Commission and European governments to commit to recognising living incomes in forthcoming human rights due diligence regulation for the European cocoa and chocolate sector.

The independent non-profit organisation representing 1.7 million small-scale farmers and workers globally made the call amid the announcement of a 25 percent reduction in the farm gate cocoa price recently implemented by the Ivorian government.

The implementation of the LID by Côte d’Ivoire and Ghana, primary producers of two-thirds of the world’s cocoa, intended as an effort towards improving the living standard of smallholder cocoa farmers has however been affected by a backlog of unsold cocoa attributed to reduced demand caused by the COVID-19 pandemic, with reports that some European investors had gone against the LID by reducing stocks or seeking out cheaper cocoa from other sources.

Jon Walker, Senior Advisor for Cocoa at Fairtrade International, noted that the LID is a powerful intervention by the Ivorian government that seeks to provide stability and improvement to livelihood of its farmers, which was supported by the European trade partners, adding that a living income commitment by chocolate-consuming countries would complement the Ivorian government’s efforts to stabilise the price of cocoa for farmers.

Walker further stressed that there needs to be a level playing field in the trading of the commodity and the human rights due diligence legislation under discussion in the European Union and member states provides an opportunity for the LID issue to be resolved.

‘The price that cocoa farmers earn is not the only element necessary for their families to reach a living income, but it is an essential one. Whether the European Commission addresses living income by directly recognising price or indirectly through the incorporation of living income in human rights due diligence, the subject must be addressed,’ Walker stated.

Previous Post

Latest Fitch report says top NDBs in Africa can play key roles in financing SDGs

Next Post

The bulls reign in the local bourse from price appreciation in GTBank, Wapco, Union Bank

Next Post

The bulls reign in the local bourse from price appreciation in GTBank, Wapco, Union Bank

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

February 10, 2026

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Lagos Energy Summit 2026 to mobilise private capital into power sector

Lagos Energy Summit 2026 to mobilise private capital into power sector

February 13, 2026
Who Gets Replaced by AI and Why?

Who Gets Replaced by AI and Why?

February 13, 2026
Why AI Disclosure Matters at Every Level

Why AI Disclosure Matters at Every Level

February 13, 2026
The Female CEO Problem: Solutions

The Female CEO Problem: Solutions

February 13, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Lagos Energy Summit 2026 to mobilise private capital into power sector

Lagos Energy Summit 2026 to mobilise private capital into power sector

February 13, 2026
Who Gets Replaced by AI and Why?

Who Gets Replaced by AI and Why?

February 13, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M