Transparency In the News

Cocoa industry stakeholders accept price dictated by Ghana, Ivory Coast

Interesting Cocoa news from Ghana. Repost. “Ghana and Ivory Coast on Wednesday announced that they had won concessions from stakeholders in the cocoa industry, including acceptance of a $2,600 floor price for a tonne of cocoa.

The two nations had threatened to stop selling their production to buyers unwilling to meet a minimum price.

Following a two-day meeting called by the two top cocoa producers who together account for over 60% of the world’s production, Joseph Boahen Aidoo, chief executive of the Ghana Cocoa Board, told a news conference that their demands had been accepted in principle by the participants.”

Read the full article here:https://www.africanews.com/2019/06/13/ghana-ivory-coast-demand-fair-price-suspend-sale-of-cocoa-beans/

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