Top Cocoa Grower Accuses Mondelez of Backtracking on Farmer Pay
- U.S. chocolate maker says it pays the full premium for farmers
- Ivory Coast and Ghana produce nearly 70% of the world’s cocoa
Photographer: Jose Cendon/Bloomberg
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The cocoa regulator in the world’s top grower of the crop, Ivory Coast, has accused Mondelez International Inc. of undermining a premium meant to boost West African farmers’ pay, a claim the company said is incorrect.
The Conseil du Cafe-Cacao said the maker of Oreo and Chips Ahoy cookies made purchasing bids “over the past weeks” that don’t take into account a living-income differential of $400 per ton that came into effect in October, according to an emailed statement Friday.