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CÔTE D’IVORE TELLS MARKET. LID IS HERE TO STAY

CÔTE D’IVORE TELLS MARKET. LID IS HERE TO STAY

Yves Kone, the Managing Director of Cote d’Ivoire’s powerful regulator, Le Conseil du Cafe Cacao (CCC), has told reporters that the Living Income Differential is here to stay. “We now consider the LID to be…

COCOA BAGS USED TO SMUGGLE HUGE CACHE OF DRUGS TO SAUDI

COCOA BAGS USED TO SMUGGLE HUGE CACHE OF DRUGS TO SAUDI

Bags of cocoa beans were used to smuggle drugs into the Kingdom of Saudi Arabia. Four Saudi men were arrested as a result of the operation, which uncovered a huge quantity of drugs, including 8.7…

NIGERIA SWEET SUCCESS AS U.S. COCOA EXPORTS RISE 352%

NIGERIA SWEET SUCCESS AS U.S. COCOA EXPORTS RISE 352%

Nigeria’s exports of cocoa beans, whole or broken, raw or roasted, alone increased from $2.058 million in 2018 to $9.307 million in 2020, according to the International Trade Centre (ITC) trade map. Most stakeholders cite…

COCOBOD USES DEBT TO PAY FARMERS AFTER BUMPER HARVEST

COCOBOD USES DEBT TO PAY FARMERS AFTER BUMPER HARVEST

Ghana’s regulator tightly controls the purchase and sales of the countries cocoa. In part, this is due to the countries reliance on US dollar debt at cheap rates secured on contracts with large chocolate companies.…

GHANA’S MINISTER FOR AGRICULTURE -NEW CHAIR OF CÔTE D’IVOIRE & GHANA BODY

GHANA’S MINISTER FOR AGRICULTURE -NEW CHAIR OF CÔTE D’IVOIRE & GHANA BODY

Ghana’s Minister of Food and Agriculture, has been elected as the first Chairman of a steering committee, set up to guide the Côte d’Ivoire- Ghana Cocoa Initiative (ICCIG). Dr Afriyie Akoto took on the role…

CÔTE D’IVOIRE SAYS SANCTIONS AWAIT THOSE WHO DON’T PAY LID

CÔTE D’IVOIRE SAYS SANCTIONS AWAIT THOSE WHO DON’T PAY LID

Ivory Coast’s cocoa regulator, Conseil Cafe Cacao (CCC), has named the chocolate makers, who it says continues to refuse to pay the Living Income Differential (LID), which is a premium of $400 a tonne set…

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