Tag: Floor price
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Cocobod denies failing to get buyers for Ghana cocoa
The management of Ghana Cocoa Board and its subsidiary, the Cocoa Marketing Company (CMC), have stated that reports that they could not get buyers for Ghana’s cocoa are outright false. A press release released by Cocobod, said Ghana and Cote d’Ivoire last week lifted the suspension of the sale of 2020/21 cocoa beans after officially…
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Ghana, Ivory Coast to meet cocoa buyers in September
Citi Business News has gathered that officials from Ghana and Ivory Coast will meet cocoa processors and Chocolatiers on the international market in September to discuss issues surrounding sustainability in the cocoa value chain. The meeting which will take place on September 11, 2019, in Abidjan, Ivory Coast is to, among things, look into how…
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Buyers boycott Ghana cocoa after new floor price — sources
The world’s second-largest cocoa producer offered to sell beans for the first time since introducing a surcharge, and found no buyers, according to people familiar with the matter. Ghana’s Cocoa Marketing Company, responsible for selling the nation’s cocoa, offered beans for 2020-21 to traders on Wednesday, said the people, who asked not to be identified…
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Lifting of suspension of cocoa sales based on positive feedback — Cocobod
Cocobod says the lifting of the ban on the sale of cocoa beans for the 2020/2021 crop season is based on a positive response Ghana and Ivory Coast have received from the international market. The two largest cocoa producers a few weeks ago suspended the sale of cocoa beans for the 2020/2021 crop season while…
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Ghana, Cote d’Ivoire lift ban on cocoa sales
Ghana and Cote D’Ivoire have lifted the suspension of cocoa sales for the 2020/2021 season, effective July 16. The decision was contained in a joint communiqué issued and signed by Mr. Joseph Boahen Aidoo, the Chief Executive of the Ghana Cocoa Board, and the Chief of Cote d’Ivoire’s Coffee and Cocoa Council, Yves Kone-Brahima. The…
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Cocoa prices rise as Ghana, Cote d’Ivoire threaten supply cut
Cocoa prices rose sharply on Wednesday after key producers Cote d’Ivoire and Ghana threatened to stop selling their products to buyers unwilling to meet a minimum price. The threat pushed the September forward contract for the commodity, listed in New York, to $2,540 a tonne, up 1.4 percent on the day. The two African nations,…
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Ghana, Cote d’Ivoire propose US$2,600 minimum price for cocoa
Ghana and Cote d’Ivoire yesterday told major cocoa buyers including processors and chocolate manufacturers amongst others that they want at least US$2,600 for a tonne of cocoa produced, Citi News has gathered. The two countries have been meeting key stakeholders in the cocoa value chain to discuss cocoa farmers’ income in Accra. The US$2,600 proposal…
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Ghana, Cote d’Ivoire reportedly halt sale of cocoa beans for 2020/21 crop season
Ghana and Cote d’Ivoire have suspended the sale of cocoa beans to the open market in the 2020/2021 crop season until further notice, the state-owned Daily Graphic is reporting. The two countries, which contribute more than 65 percent of the world’s cocoa supply, are said to have announced their decision to about 300 stakeholders in…
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Bawumia backs cocoa buyers, chocolate manufacturers to agree to minimum price for cocoa
Vice President Dr. Mahamudu Bawumia is backing major cocoa beans buyers, top chocolate manufacturers among other stakeholders meeting in Accra, to agree to a proposal of introducing a maiden floor price for the cash crop. The meeting which has been called at the instance of Ghana and Cote d’Ivoire is to agree among all key…