Chocolate manufacturers warn of rising prices: The price of cocoa beans has risen in Ghana

The world's key producer of cocoa beans, Ghana, has warned European buyers that they should be prepared to pay more for the beans because products grown under new EU requirements will cost more. This is reported by the Bloomberg agency. "European buyers of cocoa should be prepared to pay more for beans that meet European standards of sustainable development," the report said. So, starting next month, the European Union will enter into force rules prohibiting the import of cocoa beans, which are grown in territories where there used to be forests. Bans on the use of child labor in the supply chain of these products are also being strengthened. Follow the news in a convenient format: Follow us on Twitter The implementation of the new rules will entail additional costs for the installation of monitoring systems that will trace supply chains from the farm to the final producer. "The consumer has to be willing to pay," said Chief Executive Officer of the Ghana Cocoa Board of Directors, ...