How Much African Loot Is in Your Life?

Sunday HeraldJune 24, 2005

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Summary


THE FOOD IN YOUR LARDER

COCOA beans for chocolate and coffee beans for lattes - we are consuming more of these commodities than ever, but growers in Africa have never made so little profit on them. The long-term decline in market prices compels cocoa farmers in Ghana and coffee farmers in Ethiopia to grow ever more produce for ever diminishing returns, allowing major international suppliers to buy cheaply at these sources and sell at a massive profit in supermarkets. In return, we Europeans export our own heavily subsidised surplus sugar to sell at low prices in African countries such as Malawi and Mozambique, thus undercutting local producers.

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How Much African Loot Is in Your Life?

(The World Trade Organisation recently declared the EU's "dumping" of surplus sugar illegal. ) www. maketrade...

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