Cocoa Firms Face Deforestation and Child Labour Challenges Amid Rising Prices
Cocoa Price Surge Raises Environmental and Ethical Concerns
In March 2024, cocoa prices skyrocketed to $10,000 per tonne, a significant increase compared to historical averages.
Deforestation Risks
This price hike exacerbates deforestation, leading cocoa producers to expand their operations into protected areas. Companies must adopt sustainable techniques to combat this trend.
Child Labour Challenges
Furthermore, the rising prices may increase incidences of child labour, as families resort to collecting cocoa to boost their incomes. Cocoa firms need to collaborate with NGOs and local governments to address this issue.
Collaborative Efforts are Key
To combat these critical challenges, collaboration among stakeholders is essential. Initiating partnerships can lead to improved practices and reduce both environmental and social impacts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.