Big Chocolate Backs EU Deforestation Law That Risks Pricier Bars
- New EU sourcing rules aim to curb role in deforestation
- Major cocoa producer Ghana has warned of higher prices
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Big chocolate companies are welcoming new European Union rules that protect forests, but which risk further hitting consumer wallets.
The EU is introducing laws that ensure that commodities including cocoa, coffee and palm oil aren’t grown on deforested land — and is also putting in measures to tackle issues like child labor in supply chains. Firms like Lindt & Spruengli AG, Ferrero SpA and Unilever Plc say they back the move because it looks after the environment and those who grow the crops.