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Scene on Radio

S7 E10: The Extracted

Aug 21, 2024
Ugochi Anyaka-Oluigbo, a Nigerian reporter now living in Europe, and Loretta Williams, a seasoned writer and story editor, dive deep into the cocoa trade's legacy. They explore the enduring impact of colonialism on modern capitalism, revealing stark economic disparities. Personal stories illustrate the harrowing realities of migration and the quest for fair compensation among cocoa farmers. The discussion highlights the challenges of climate change and the complexities of migration, urging listeners to rethink ethical consumption in today's world.
55:09

Podcast summary created with Snipd AI

Quick takeaways

  • Cocoa farmers in West Africa earn only a fraction of the profits from the global chocolate industry, reinforcing systemic inequities.
  • The continuation of colonial exploitation patterns is evident in the modern cocoa trade, as wealth is extracted from resource-rich yet impoverished regions.

Deep dives

The Global Chocolate Market and Its Realities

The chocolate industry, valued at approximately $140 billion worldwide, heavily relies on cocoa production in West Africa, primarily in countries like Côte d'Ivoire, the largest cocoa exporter. Farmers in this region, despite being instrumental to this lucrative market, often struggle to make ends meet, as they receive a mere fraction of the profits from the final products. For instance, cocoa farmers typically earn about 7% of the global chocolate industry's revenue, often surviving on less than a dollar a day, showcasing a stark contrast to the wealth amassed by major multinational companies. The disparity poses significant questions about the fairness of the pricing structures within the cocoa supply chain, further complicating the livelihoods of those who cultivate it and perpetuating cycles of poverty in cocoa-producing nations.

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