ABIDJAN/LONDON, July 10 Top global cocoa
producers Ivory Coast and Ghana have imposed a fixed "living
income differential" of $400 a tonne on all cocoa contracts sold
by either country for the 2020/21 season, an official letter
seen by Reuters shows.
ABIDJAN/JOHANNESBURG Ivory Coast and Ghana - the world's leading cocoa producers - failed on Wednesday to come to an agreement with the chocolate industry over how to introduce a new floor price for their exports.
* Cocoa and chocolate companies do not agree with details
(Updates with outcome of meetings)
ABIDJAN/JOHANNESBURG U.S. food maker Mars Inc. supports a decision by Ivory Coast and Ghana to set a floor price for their cocoa exports, a senior executive told Reuters on Wednesday, becoming one of the first major chocolate companies to back the initiative.
* West African neighbours set floor price of $2,600 per
* Measure aimed at supporting new Ivory Coast/Ghana floor
EDOUKOUKRO, Ivory Coast/JOHANNESBURG Kouakou Kinimo is a pretty typical Ivory Coast cocoa farmer. He works a small holding. At 52, he's roughly the mean age for a West African grower. And, like many farmers, he doesn't want any of his six children to follow in his footsteps.
June 13 Bad weather and crop disease have
hampered the cocoa crop in second-largest producer Ghana,
forcing processors there to import beans at rates higher than
usual, sources familiar with the matter told Reuters.
ABIDJAN, May 15 A drop in Ghana's cocoa
production has not dented the International Cocoa Organization's
(ICCO) forecast for global output of 4.8 million tonnes for
2018/19, Executive Director Michel Arrion told Reuters on
ABIDJAN, April 30 Top cocoa producer Ivory Coast
has averted defaults on export contracts this season by letting
multinational commodities companies buy at-risk contracts from
local exporters, exporters and sources at the cocoa regulator
said on Tuesday.