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. Farmers are currently waiting to hear from the regulator, who is due to set the farmgate season price. Many expect a good price this year, but knowing […]
CÔTE D’IVORE TELLS MARKET. LID IS HERE TO STAY Read More »
Ghana’s industry regulator announces the introduction of tamper-proof scales. Again.COCOBOD Announced that they had concluded the procurement process to purchase 40,000 of the devices, which it says are designed to be tamper-proof. It is not the first time COCOBOD has announced that they will buy electronic scales to counter fraudsters, but it is the first
GHANA FINALLY BUYS ELECTRONIC SCALES AMID COCOBOD RESTRUCTURE Read More »
Ghana’s President, Nana Akufo-Addo, is no fool. That was apparent at the speech he gave to the Swiss delegation in which he announced plans to stop selling raw beans to Switzerland. But is this all an elaborate bluff? We summarise our reflections, and why we think that the statements coming from the West African countries
IS GHANA’S PLAN TO PROCESS 50% COCOA LOCALLY A BLUFF? Read More »
As consumer awareness for sustainability continues to grow in the area of chocolate production, the chocolate companies and the producing countries themselves understand that they will need to improve their track record and supply evidence of their success. Côte d’Ivoire, the world’s largest cocoa producer, plans to enhance ethical standards for its exports, reports Bloomberg.
CÔTE D’IVOIRE. ETHICS AND SUSTAINABILITY NEEDED TO SECURE EXPORTS Read More »
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 after both countries elected voted him on to the board at a crucial time for the West African countries who
GHANA’S MINISTER FOR AGRICULTURE -NEW CHAIR OF CÔTE D’IVOIRE & GHANA BODY Read More »
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 up by the world’s biggest cocoa producer and second-biggest producer, Ghana in 2019. Implementing the LID was an important step
CÔTE D’IVOIRE SAYS SANCTIONS AWAIT THOSE WHO DON’T PAY LID Read More »
Rains in 1st week of June were above average in Côte d’Ivoire prompting optimism that yields will improve and bean size will increase on the April to September crop. The average temperature in the country for the week ranged from 26 to 28.9 degree Celsius. The rains are welcome, following on from a particularly dry
RAINS RETURN TO CÔTE D’IVOIRE AS GRINDERS FACE POWER CONSTRAINTS Read More »
Côte d’Ivoire sold 950,000 tonnes of cocoa by the end of May at a discount instead of collecting its usual country premium, according to regulators.
CÔTE D’IVOIRE SELLS 950,000 TONS OF COCOA AT A DISCOUNT TO OFFSET LID Read More »
Last year Hershey’s caused outrage among the African cocoa-producing countries, and indeed the farmers and their supporters, when they purchased cocoa directly from the exchange which allowed them to avoid paying the newly implemented Living Income Differential levied by Côte d’Ivoire and Ghana. At that time Mars strongly refuted allegations made to regulators that it
MARS WRIGLEY ISSUES STATEMENT SUPPORTING LID Read More »
The price of cacao currently fluctuates based on the New York Commodity Exchange and these two nations are working to leverage their resource wealth to become independent of this system which they hope will allow them to have more control over prices.
CHOCPEC? CÔTE D’IVOIRE AND GHANA CREATE THE ‘OPEC OF CACAO’ Read More »
