New EU Regulation Fuels Bankruptcy Concerns in Africa’s Top Cocoa Nation
Ivory Coast, known as the world's largest cocoa producer, is a country deeply intertwined with the chocolate industry, especially for consumers in Europe. Approximately two-thirds of the cocoa harvested in this West African nation finds its way to European shores, fueling a booming market that many might take for granted as they enjoy their favorite chocolate bars. But behind this rich industry lies a more complex narrative—one fraught with environmental impacts and social issues.
The tale of cocoa farming, unfortunately,…