The Assessment of KOA’s Transparency system continuous The other issue revealed is how Koa gains and the farmer loses out on the currency depreciation: As noted in Graph 1 (part 1), The Ghana Cedi depreciated/US$ appreciated by 55%. This means the income earned by farmers from Koa lost 55% of its value in just a […]
The annual partnership meeting of the World Cocoa Foundation, held in Brussels, recently came to an end. The two-day event discussed how to improve supply chains. A particular focus was on sustainability and working with farmers to enable them to earn a living wage This year, for the first time in three years, the meeting
GHANA AND CÔTE D’IVOIRE BOYCOTT WORLD COCOA FOUNDATION MEETING Read More »
Dutch chocolate maker Tony’s Chocolonely has announced that it will increase the premium it pays to Cocoa farmers in Ghana and Côte d’Ivoire. The move comes at a time when the West African Cocoa sector is suffering from falling commodity prices, a more than 50% increase in fertiliser costs and a rise in the cost
TONY’S CHOCOLONELY TO INCREASE PREMIUM TO GHANA & CÔTE D’IVOIRE’S COCOA FARMERS Read More »
The head of the Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI), Alex Assanvo, said that Nigeria and Cameroon have made requests to join the Côte D’Ivoire-Ghana Cocoa Initiative, a joint body that represents the two countries’ interests in Cocoa trade. The initiative was launched in 2018 after the world’s two largest Cocoa producers, Côte d’Ivoire and Ghana,
NIGERIA AND CAMEROON WANT TO JOIN CÔTE D’IVOIRE-GHANA COCOA INITIATIVE Read More »
Ghana’s Cocoa regulator, COCOBOD, has agreed on a $1.13 billion syndicated loan to fund their Cocoa purchases for the 2022-2023 Cocoa season, which began October 7th. Every year Ghana’s Cocoa purchases, mainly beans, are financed by loans from international banks. The leading banks involved with the loan include Cooperative Rabobank, the Industrial and Commercial Bank
COCOBOD SIGNS $1.13 BILLION SYNDICATED LOAN FOR 2022-2023 COCOA SEASON Read More »
My Analysis on Cocoa Diaries Interview with CFAN President. My Thoughts First, I think I can fairly say that since Mr Adeola is the Nigerian Cocoa Farmers Association of Nigeria’s president and one of the leading figures championing the Nigerian Cocoa sector Renaissance, his thoughts and opinions reflect close to the consensus of the team
Reuters reports that Ivorian farmers have expressed concern about the heavier-than-average rains that have recently hit Cocoa-growing regions in Côte d’Ivoire. The West African country is the world’s largest Cocoa producer and is currently in the rainy season, with heavy rainfall between April and mid-November. But last week, conditions were reportedly wetter than usual, leading
IVORIAN COCOA FARMERS CONCERNED HEAVY RAINS COULD DAMAGE CROP Read More »
Further in the conversation, I asked about their overarching goals with this revival. I wanted to understand where their focus was. Whether they were going to repeat Ghana’s mistakes of prioritising the political benefits and any benefit to the farmer to be an unintended consequence, he highlighted Increasing youth employment, the attraction of Foreign Direct
Since the beginning of 2022, one of the major announcements that dominated news within the cocoa chocolate sector was Nigeria’s announcement to revive its cocoa sector with the ambition to overtake Ghana and Ivory Coast to become the global leader in cocoa production by 2027 and I considered whether this was political rhetoric. However, to not
NIGERIA’S ENTHUSIASM TO OUTPERFORM GHANA AND IVORY COAST COCOA PRODUCTION Read More »
Cameroon’s Office National du Cacao et du Cafe (ONCC) reported a total harvest of 295,163 tonnes of Cocoa beans in the 2021-2022 season. This is up from the previous harvest of 292,471 tonnes of beans in 2020-2021, and beating original projections from the ICCO (see chart below for original projection) Cameroon’s Cocoa production has been
CAMEROON’S ANNUAL COCOA PRODUCTION STEADILY INCREASING Read More »
