Ghana's cocoa and oil palm sectors are on tenterhooks

Published 2024년 11월 8일

Tridge summary

The European Union parliament is set to vote on the EU Deforestation Regulation (EUDR), which could impact Ghana's tree crop sector, including cocoa and oil palm industries. The regulation, set to be enforced from December 30, 2024, requires companies to prove their products are deforestation-free. However, the sector is divided, with some smallholders needing more support. If approved, the EU parliament may delay the regulation by a year. Despite concerns over illegal mining (galamsey) in Ghana, the EU believes the cocoa sector is well-prepared for the regulation due to Germany's and Ivory Coast's investment in farm traceability.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

…as EU votes on key deforestation law By Wisdom JONNY-NUEKPE Ghana’s tree crop sector, key among them the cocoa and oil palm industries, is anxious over an impending vote by the European Union (EU) parliament to postpone or validate its proposed implementation date for the crucial EU Deforestation Regulation (EUDR). Per earlier proposals, the regulation was expected to come into force for most companies and organisations which trade with the EU bloc from December 30, 2024. The European Parliament is preparing for a crucial vote next week on November 13 and 14, 2024. The decision will determine whether enforcement of the law will be postponed or begin as scheduled on December 30, 2024. This regulation will critically apply to local companies and organisations placing relevant commodities or products on the EU market. They will need to demonstrate that their products are deforestation-free, and not linked to forest degradation, nor illegal harvesting and trade. The regulation will ...

Source: Thebftonline