How are the owners of the two biggest private #chocolate companies doing?

Their fortunes surged to $161 billion last year, Oxfam International says its analysis showed—“more than the combined GDPs of Ghana and Ivory Coast.”

fastcompany.com/91110812/ferre…

There’s big money in chocolate but it’s currently not for cocoa farmers from corporations such as Lindt, Mondelēz, Nestlé and Hershey.
Cocoa farmers can no longer endure unfair prices for their crop, they are owed the profits from producing the essential raw ingredients in a

REACTION: 281.6 million people across 59 countries are now experiencing acute hunger – 24 million additional people over last year. Conflict is the primary driver of hunger. #GRFC24

Read our reaction oxf.am/4b8Dw7R

📢 Good news for human rights and the planet!

🟢 The European Parliament has just raised the bar by giving the green light to new supply chain rules!

Belgian Presidency of the Council of the EU 2024, it's your turn now – let's wrap it up swiftly to start holding companies accountable!

#CSDDD

Rich countries espouse active industrial policy at home while continuing to impose outdated policies abroad.

Rana Foroohar's opinion piece in today's Financial Times is a must-read.

ft.com/content/6482a6…

Daily life in Kharkiv, in the east of Ukraine, is becoming unbearable. In recent weeks, the number of attacks has intensified, damaging power & vital infrastructure, making it almost impossible for ordinary people to go about their lives. Yevheniia talks about what life is like

Lindt, Mondelēz, and Nestlé together raked in nearly $4 billion in profits from chocolate sales in 2023 from cocoa harvested in challenging conditions of drought & pests.

Cocoa farmers are doubly demotivated as they battle extreme weather with paltry earnings from

“[...] the intl. financial institutions that rich countries dominate are still prescribing a heavy dose of the Washington Consensus to developing countries,” Adriana Erthal Abdenur said at an Oxfam International event.

“The system is fueling #inequality rather than fighting it.”

washingtonpost.com/world/2024/04/…

The collective fortunes of the #Ferrero and #Mars families, who own the two biggest private chocolate corporations, surged to $160.9 billion in 2023.
This is more than the combined GDPs of Ghana and Ivory Coast, which supply most cocoa beans. #FightInequality

'If the chocolate industry paid fair prices for #cocoa , I could actually [...] make a decent living,' said Ismael Pomasi, Chairman of Cocoa Abrabopa Association.

Lindt, Mondelēz, and Nestlé together raked in nearly $4 billion in profits from chocolate sales in 2023.

foodnavigator.com/Article/2024/0…

Empowering Women’s Rights Organizations in agriculture can unlock access to vital information, resources & economic opportunities to combat #climatecrisis . Read from #Ethiopia that highlights the pivotal role of WROs as frontline responders #ClimateAction
bit.ly/49Jaafn

The decision to call off UN regional climate weeks exposes rich nations’ lack of goodwill. Funding these would cost them little but provide a potentially invaluable forum for developing countries.

Read Fati N'Zi-Hassane’s piece for African Arguments ⬇️

africanarguments.org/2024/04/callin…

This #EarthDay , stand with us as we amplify the voices of climate activists who champion #ClimateJustice in their communities. Let's support their vision for an equitable world, where resilience triumphs over poverty, and all, especially the most vulnerable, can withstand climate

NEW DATA: The collective fortunes of the Ferrero and Mars families, who own the 2 biggest private #chocolate corporations, surged to $160.9 billion in 2023.

This is more than the combined GDPs of Ghana and Ivory Coast, which supply most #cocoa beans.

👉🏾 oxf.am/CocoaConf24

Despite skyrocketing #cocoa prices, which topped $11,000 per metric ton for the first time, many farmers are unable to support their livelihood and are abandoning cocoa for other crops, or selling their land to illegal miners.
More: oxf.am/CocoaConf24

.Oxfam International experts and #cocoa farmers will be at the World Cocoa Conference in Brussels (21-24 April).

For a copy of our media advisory, with new data on the profits of #chocolate giants, or to set up interviews, contact: [email protected] and [email protected]

Corporate power is exploiting and magnifying economic, gender and racial inequalities. #InequalityInc provides recommendations on how to rein in corporate power and build more equal societies.
#FightInequality #TaxTheRich oxf.am/48P6ubY
#SpringMeetings

Since 2020, the richest five men in the world have doubled their fortunes. During the same period, almost five billion people globally have become poorer. #InequalityInc #FightInequality #TaxTheRich #springmeetings
oxf.am/48P6ubY

“More than ever, the US and other rich nations must wake up the reality that that [IMF and World Bank], as they function, have not only outlived their usefulness, but fallen into a destructive obsolescence,” said Ndongo Samba Sylla/nssylla.bsky.social at an Oxfam International event.

washingtonpost.com/world/2024/04/…

1/2 REACTION: World Bank announces plan to expand health services to 1.5 billion people.

“The Bank's promise to expand access with a focus on primary healthcare and cutting fees is welcome —but the devil will be in the details,” said Linda Oduor-Noah.

worldbank.org/en/news/press-…