Advertisement
Singapore markets open in 8 hours 51 minutes
  • Straits Times Index

    3,300.04
    -3.15 (-0.10%)
     
  • S&P 500

    5,197.14
    +16.40 (+0.32%)
     
  • Dow

    38,915.26
    +62.99 (+0.16%)
     
  • Nasdaq

    16,394.07
    +44.83 (+0.27%)
     
  • Bitcoin USD

    63,842.79
    +163.70 (+0.26%)
     
  • CMC Crypto 200

    1,321.30
    -43.83 (-3.21%)
     
  • FTSE 100

    8,313.67
    +100.18 (+1.22%)
     
  • Gold

    2,323.10
    -8.10 (-0.35%)
     
  • Crude Oil

    78.39
    -0.09 (-0.11%)
     
  • 10-Yr Bond

    4.4230
    -0.0660 (-1.47%)
     
  • Nikkei

    38,835.10
    +599.03 (+1.57%)
     
  • Hang Seng

    18,479.37
    -98.93 (-0.53%)
     
  • FTSE Bursa Malaysia

    1,605.68
    +8.29 (+0.52%)
     
  • Jakarta Composite Index

    7,123.61
    -12.28 (-0.17%)
     
  • PSE Index

    6,618.58
    -33.91 (-0.51%)
     

Ivory Coast, Ghana to 're-examine' cocoa industry's sustainability schemes

ABIDJAN, Oct 10 (Reuters) - Top cocoa producers Ivory Coast and Ghana said on Thursday they would re-examine the cocoa industry's sustainability schemes as chocolate makers have been slow to pay the two nations a living income differential (LID) for their beans.

The West African neighbours, which together produce more than 60% of the world's cocoa, introduced the $400 living income differential (LID) in July on all cocoa sales for the 2020/21 season, in a bid to ease pervasive farmer poverty.

"The (chocolate) brands are focusing on their sustainability programmes at the expense of the LID. The two countries (are) therefore re-examining all sustainability and certification programmes for the 2019/20 season," Ivory Coast and Ghana said in a joint statement.

(Reporting by Ange Aboa and Maytaal Angel; editing by David Evans)