Alex Assanvo urges World Cocoa Conference to reach for the moon

Published 2024년 4월 24일

Tridge summary

At the World Cocoa Conference, Alex Assanvo of the Ivory Coast Ghana Cocoa Initiative emphasized the need for all stakeholders to collaborate to ensure cocoa farmers receive a living income. He highlighted the increasing commodity futures prices, now over five times the recent rate, as a urgent issue. Assanvo praised the introduction of the Living Income Differential and suggested that a predictable floor price with a dedicated mechanism to maintain it, regardless of market fluctuations, is necessary. The conference emphasized the importance of traceability and transparency in sourcing, with a focus on building a system that tracks not only volumes but prices. The goal is to create a stable, trustworthy industry that can provide a living income to farmers.

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

Original content

Alex Assanvo, of the Ivory Coast Ghana Cocoa Initiative urged assembled sector leaders at the World Cocoa Conference to ‘put our tools together’ to deliver on a long-held quest for a living income for farmers, reports Neill Barston. The group’s executive secretary was among many speakers during the first two days of the event speaking directly to the headline theme of this year’s event that has honed in on ensuring sustainable production for key agricultural communities serving the sector. As Confectionery Production discovered from speaking to a number of contributors to this year’s key event – which returned after a six-year absence due to the pandemic, there was a strong sense that the key issue of further raising financial standards is critical to the industry’s future. For his part, Alex Assanvo, offered a passionate plea to the broader industry to work together in helping enable governments and companies to ensure that payment to farmers is brought further in step with the ...

Source: Confectioneryproduction