Nigeria and Cameroon have become the last African country to look for ways to negotiate joint bargaining with cocoa buyers for a better premium.
The plan, proposed by Nigeria, the world’s fourth-largest cocoa producer, is part of farmers ‘efforts to cope with a perceived imbalance between farmers’ income and the money earned by major commodity investors.
Côte d’Ivoire and Ghana, which account for about two-thirds of global production, applied a fixed “livelihood income gap 400 of $ 400 per ton to all cocoa contracts sold by both countries in the 2020/21 season.
He said Nigerian officials also met with Dutch and British officials to increase cocoa exports to Europe, rather than selling beans through third-party buyers in Asia.
CENTER FOR AFRICAN STUDIES
Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.
Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.