The Coalition for Cocoa Sector Reforms (CCSR), an advocacy group, has commented on Ghana’s new Cocoa prices for 2022/2023, claiming that the low price (in dollar terms) could destroy the country’s embattled Cocoa industry. Through the Ghana Cocoa Board, COCOBOD, the group called on the government to reconsider the price of GH¢800 ($57.55) per bag: […]
COCOA ADVOCACY GROUP SPEAKS OUT ON NEW GHANA COCOA PRICE Read More »
With Christmas just gone and Valentine’s Day and Easter approaching, demand for chocolate is high. Despite the ongoing global struggle with the Omicron variant of coronavirus, consumer demand for chocolate remains strong. According to research by the IRI, retail chocolate sales rose in excess of 5% a quarter among Americans in particular. Meanwhile, the largest
ANALYST PREDICTS RISE IN CHOCOLATE SALES AND COCOA PRICES Read More »
Liberia’s cocoa market regulator, the Agriculture Commodity Regulatory Authority (LACRA), dropped unwelcome news on Liberia’s small and struggling farmers. Following Côte d’Ivoire’s unfortunate lead, they have dropped the price of cocoa. The reduction is not as significant as the 18.5% cut announced by the CCC in Côte d’Ivoire however, but at 3% it does, in
LIBERIA’S REGULATOR DROPS COCOA PRICE Read More »
Nana Akufo-Addo announced Ghana will increase the guaranteed cocoa price it pays to farmers during the 2020-21 crop season by 28.2%.
FARMERS HAPPY WITH 28.2% COCOA PRICE INCREASE Read More »
Deputy Agriculture Minister in Charge of Perennial Crops, Kennedy Osei Nyarko, has hinted of a rise in the cocoa prices from October in a bid to offset low exports amid the Covid-19 pandemic.
GHANA EXPECTED TO RAISE COCOA PRICES NEXT MONTH Read More »
The worsening wave of COVID-19 cases in significant global economies increased concerns among cocoa traders.
COCOA PRICES DECREASE AS COVID-19 WEAKENS DEMAND Read More »
Ghana Cocoa Board (Cocobod) informed that an increase in cocoa price is expected in the coming months this year
GHANA COCOA PRICES TO INCREASE Read More »
The cocoa price in New York has increased significantly and reached an 18-month high of US$2,637/ton in the week beginning Monday 11 November 2019. Commerzbank Research said traders are blaming the surge on concerns about short-term availability. “It is not clear why supply should be tight in the short-term,” Commerzbank said. “Shipments from Côte d’Ivoire are in full
COCOA PRICE MAKES SIGNIFICANT GAINS Read More »
The world’s two largest Cocoa producers, Côte d’Ivoire and Ghana, have noted some progress in their ongoing efforts to secure fair payment for their Cocoa farmers. The West African countries recently announced that they will no longer sell their Cocoa to buyers at such low prices while their farmers struggle to earn a living wage.
CÔTE D’IVOIRE, GHANA FORM WORKING GROUP AS PART OF COCOA MARKET PRICE NEGOTIATIONS Read More »
The Coffee and Cocoa Council (CCC), the Cocoa regulator in Côte d’Ivoire, has set a deadline of 20 November 2022 for Cocoa buyers to include the Living Income Differential (LID) in their new prices. The LID is $400 per tonne of Cocoa and applies to all contracts sold by both Côte d’Ivoire and Ghana. Cocoa
CÔTE D’IVOIRE GIVES COCOA BUYERS UNTIL 20 NOVEMBER TO FACTOR LID IN PRICES Read More »
