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A new analysis by the non-profit Trase reveals that only 48% of cocoa exported from Ivory Coast can be traced back to its origin, raising concerns about the country's ability to comply with the EU's upcoming anti-deforestation law, which requires proof that imported goods are sourced from non-deforested land. #CocoaIndustry #Deforestation #Sustainability #CI #BR #ID #US

A new analysis by the non-profit Trase reveals that less than half of Ivory Coast's cocoa exports can be traced to their origin, raising concerns about compliance with the EU's upcoming anti-deforestation law, which requires proof that commodities were not grown on deforested land, amidst pressure on Brussels to delay the law's implementation. #CocoaIndustry #Deforestation #Sustainability #CI #BR #ID #US

Ghana's state-owned cocoa buyer, the Producer Buying Company, is unable to purchase cocoa from farmers due to a debt of 673 million cedis ($60 million), leading to asset seizure threats and unfulfilled payments to growers, as the company struggles with a significant loss of market share and lack of support from government entities. #CocoaIndustry #GhanaAgriculture #EconomicCrisis #GH #CO

Ghana's state-owned cocoa buyer, the Producer Buying Company, is unable to purchase cocoa from farmers due to a debt of 673 million cedis ($60 million), leading to asset seizure threats and unfulfilled payments to growers, as the company struggles with a significant loss of market share and lack of support from government entities. #CocoaIndustry #GhanaAgriculture #EconomicCrisis #GH #CO

The article discusses the severe volatility in cocoa prices over the past three years, its impacts on smallholder farmers, and the efforts of the UK Cocoa Coalition to stabilize the market through the introduction of mandatory due diligence legislation aimed at preventing deforestation and promoting fair pricing and traceability within the cocoa supply chain. #CocoaIndustry #Sustainability #FairTrade #GH #CI #UK