The cocoa price hike, its impact on smallholder farmers and EUDR
The cocoa industry is grappling with an unprecedented crisis as cocoa prices skyrocket, doubling since the beginning of the year, as key producing countries in Africa are hard-hit by extreme climate change events, outbreaks of disease impacting crops and financial uncertainty. How have smallholder cocoa farmers been impacted and what can be done to help them? How does the EU Deforestation Regulation factor into this, given that cocoa is listed as one of the high-risk deforestation commodities?