Smallholder cocoa farmers in Cote d’Ivoire – the world’s biggest cocoa producer, who are already struggling with poverty, have seen their income from cocoa decline by as much as 36 % over one year. That fact reflects the world market price for cocoa, which saw a steep decline between September 2016 and February 2017. Farmers bear the risks of a volatile price; and there is no concerted effort by industry or governments to alleviate even a part of the burden of this income shock, the report claims.
This price collapse was, it says, caused by overproduction of cocoa in past years, at the direct expense of native forests, claiming that this can be equally attributed to corporate disinterest in the human and environmental effects of the supply of cheap cocoa, and to an almost completely absent government enforcement of environmentally protected areas.