A lesson in the high politics of cocoa - How a united front by exporting countries resulted in an ag

Declining agricultural commodity prices are running havoc on farmers’ ability to earn a living in countries around the world. Within liberalized commodity sectors, prices are to a large degree out of farmers’ control since they are the result of global market dynamics of supply and demand. The most prominent answer to date has been market-based mechanisms, such as premiums paid through certification systems, to achieve higher prices for farmers (often with limited success). The past couple of months tell a slightly different story. Last week the two largest cocoa growing countries in the world – Ivory Coast and Ghana – announced that the industry agreed to pay a mandatory living income diffe

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