More child labor prevention needed as cocoa prices fall, warn UTZ and ICI
Confectionery News – 21 June 2017
A sharp decline in cocoa prices could put children at increased risk of child labor unless more is done, say the heads of UTZ and ICI.
The International Cocoa Initiative (ICI)’s recent surveys, financed by the US Department of Labor, suggest more than two million children work in the cocoa sector across Côte d’Ivoire and Ghana, which together account for more than 60% of the world’s cocoa supply.
Executive Director at ICI, Nick Weatherill, said the global cocoa prices have dropped by 37% since July 2016 based on Trading Economics’ data.
The falling cocoa prices have a potential impact on child labor risk because cocoa farmers have to take their children out of school to work on their farms, Weatherill says.