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IVORY COAST – World's leading cocoa producing country, Ivory Coast, revealed that it has commenced trading its cocoa directly to the world’s top traders, switching from its previously used system- through auctions. According to the Coffee and Cocoa Council (CCC) in Ivory Coast, the country managed to sell 400, 000 tonnes of cocoa under the…
NIGERIA - A Financial Derivatives Company’s (FDC’s) commodity updated has projected an increase in coca prices at the international market due to persisting poor weather conditions in the major producing countries. According to the Daily Independent, FDC analysts said that although cocoa prices were down by 2.86% to $2,274 per metric ton in the past…
NETHERLANDS – The US based agricultural cooperative, Cargill plans to eliminate deforestation in its cocoa supply chain by achieving 100% cocoa bean traceability in its operations. The company has committed to avoid further conversion of any forest land in Ghana and Ivory Coast for cocoa production. Cargill sources cocoa beans from Brazil, Indonesia, Cameroon, Ivory…
GHANA - Ghana and Ivory Coast have launched the Hortifresh West Africa Programme to boost horticultural production and exports, reports GNA. The programme, supported by the Netherlands aims to establish a sustainable and internationally competitive fruit and vegetable sector that would contribute to the inclusive economic growth and nutrition security. The core activities of the…
GHANA - Barry Callebaut, one of the world’s largest cocoa producers and grinders has signed a letter of intent with Ghana and Ivory Coast to clear and replant trees infected with swollen-shoot virus disease in an initiative to ensure sustainable cocoa farming. The initiative, in collaboration with Ghana Cocoa Board (COCOBOD) and the Coffee Caco…
IVORY COAST - Cocoa exporters in Ivory Coast are demanding that the industry regulator returns the costs and credit guarantees offered for contracts that cannot be met due to a shortage of beans, according to four people familiar with the matter. Shippers in the world’s biggest cocoa producer are struggling to find beans after arrivals…
IVORY COAST - Heineken said it aims to double its beer production in Ivory Coast by next year as it bids to compete with French company Castel in a booming market. Beer consumption in Africa’s fastest growing economy has increased since the end of a decade-long political crisis in 2011, and Castel dominates sales with…
IVORY COAST - Despite Cote d’Ivoire still being dominated by a traditional trade retail base, the Nielsen Shopper World Conference held in Abidjan, Cote d’Ivoire, has found that the country’s modern trade arena has seen the greatest evolution in the last two years and therefore holds the most potential for growth. This has been spurred…
GHANA - Ghana and Cote d'Ivoire are working together to address the unfavorable global cocoa pricing regime to reduce the vulnerability of both nations to the volatility of the markets, President Nana Addo Dankwa Akufo-Addo of Ghana has said. He described as "manifest injustice" the situation where, for the 2015 crop season, both countries earned…
IVORY COAST - Ivory Coast, the world’s biggest cocoa producer, cut farmers’ pay for the new main season by more than a third as forecasts for a second annual global oversupply weigh on prices. Farmers will receive a guaranteed price of 700 CFA francs ($1.23) a kilogram for the larger of the two annual harvests…