Fairtrade International has published a new Living Income Reference Price (LIRP) for cocoa from Ghana and Côte d’Ivoire on 29 January 2025. The price is lower than the mandatory farm-gate prices set by the Ghanaian and Ivorian governments. It is also based on assumptions of achievable yield that are unrealistically high with current climate conditions, soil depletion, inputs costs, labour shortage, etc. The Voice Network believes this step does not contribute to the fundamental farmers’ right to a living income.
Read the full statement here.