Olam Calls for Global Cocoa Rules as EU Plans Ethical Chains
- Europe must work with US, Asia to ensure leveled playing field
- Cocoa farms are too small for growers to earn a living income
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Europe must work with other regions to prevent its proposed ethical supply-chain rules from becoming a burden for the local cocoa industry, according to Olam Food Ingredients.
The world’s third-largest cocoa processor urged the European Union to reach out to the US and Asia to ensure a leveled playing field, said Gerry Manley, head of OFI’s cocoa business and chief sustainability officer. A coordinated approach also is needed with growing countries so they can adopt the EU rules as production standards.