{"id":57351,"date":"2024-05-01T06:06:51","date_gmt":"2024-05-01T06:06:51","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/nestle-program-to-increase-income-of-bean-farmers-in-africa-leaves-workers-below-living-wage"},"modified":"2024-05-01T06:53:22","modified_gmt":"2024-05-01T06:53:22","slug":"nestle-program-to-increase-income-of-bean-farmers-in-africa-leaves-workers-below-living-wage","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/nestle-program-to-increase-income-of-bean-farmers-in-africa-leaves-workers-below-living-wage","title":{"rendered":"Nestle Program to Increase Income of Bean Farmers in Africa Leaves Workers Below Living Wage"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Gambia. <\/strong><\/span><b>The Swiss food giant has enrolled 11,000 farming households in the leading agricultural region of Cote d&#8217;Ivoire in a program that pays farmers $535 in bonuses, and is expanding the program to neighboring Ghana.<\/b><\/p>\n<p>Although Swiss Nestle is expanding a program to increase the incomes of poor African farmers, wages are still well below the workers&#8217; needs, media reported.<\/p>\n<p>&#8220;Those in the program still earn almost $3,000 a year below the amount of just over $7,500 that\u2019s needed to live a decent life \u2014 a gap highlighting a systemic challenge for the cocoa industry,&#8221; the outlet said.<\/p>\n<p>For cocoa producers not participating in the program, the difference was reported to be nearly $4,000.<\/p>\n<p>The program offers a bonus of up to $535 annually to participating families who fulfill certain criteria, such as ensuring their children attend school regularly and adopting high-quality farming practices like effective pruning.<\/p>\n<p>A legacy of low farm wages is preventing West African producers from investing in plantations, making it harder to cope with extreme weather and crop disease, and risking a supply crisis like the one that sent prices soaring to record highs this year, media said.<\/p>\n<p>&#8220;An issue is that farmers in Ivory Coast and Ghana miss out on most of the benefits of surging cocoa prices,&#8221; the outlet added.<\/p>\n<p>Nestle aims to expand its income accelerator program to Ghana, targeting a total of 30,000 families this year. The company envisions reaching 160,000 households across its global cocoa supply chain by 2030.In mid-March, the exchange value of cocoa beans in the world reached a new peak of $11,000 per tonne, which is twice as much as the record set in 1977.<\/p>\n<p>The International Cocoa Organization reported in January that the two-year global cocoa bean deficit will continue into 2024, while shipping difficulties in the Red Sea will support the current trend of rising prices for the commodity.<\/p>\n<p>The increase in cocoa prices is also due to low yields in West Africa, where approximately 70% of the world&#8217;s cocoa is grown. The low yields are caused by the El Nin\u0303o weather phenomenon, an above-average sea surface temperature in the Pacific Ocean that affects global climate conditions, causing higher temperatures and heavy rainfall in the region.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/gambia\">Gambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. The Swiss food giant has enrolled 11,000 farming households in the leading agricultural region of Cote d&#8217;Ivoire in a program that pays farmers $535 in bonuses, and is expanding the program to neighboring Ghana. Although Swiss Nestle is expanding a program to increase the incomes of poor African farmers, wages are still [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":57350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[2355,2361,260],"class_list":["post-57351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-gambia","tag-gambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nestle Program to Increase Income of Bean Farmers in Africa Leaves Workers Below Living Wage - Gambia<\/title>\n<meta name=\"description\" content=\"The Swiss food giant has enrolled 11,000 farming households in the leading agricultural region of Cote d&#039;Ivoire in a 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