April 2017

The coalition of NGOs behind the Cocoa Barometer have launched a consultation on farm gate prices, calling on chocolate companies and government cocoa bodies to pay significantly higher fixed farm gate prices and premiums to cocoa farmers.

The consultation comes after six months of falling global cocoa prices, which now stand at around $1,900 per tonne, down from around $3,000 a tonne for most of last year. For the first time in over a decade, cocoa prices have dropped below the Fairtrade minimum floor price of $2,000 per tonne.

The cocoa sector is enjoying a period of positive and extensive collaboration on sustainability issues, with chocolate companies and governments working together on gender, child labour, deforestation, rural poverty, and, most of all, farmer productivity.