First Independent Mena Newspaper
Ghana, the world’s second-largest cocoa producer, considers doubling farmgate price of the crop to combat smuggling amid a global shortage, as the country’s share of the whole sale market price shrinks to 16% from 44% in mid last year. The Ghana Cocoa Board and the country’s government are reportedly muling a significant increase — potentially […]
The world’s largest producer of cocoa, Côte d’Ivoire, has suspended its 2023-2024 exports citing bad weather that has caused the death of at least 30 people since April 2023. Yves Brahima Koné, head of the country’s cocoa regulator, told media that the freeze will deal a blow to buyers who are big raw materials trading […]
Cameroon and Nigeria have requested to join the Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI), a joint body spearheading the interests of the two countries in the Cocoa trade — if both countries are admitted, the initiative will represent about two-thirds of global Cocoa production. The initiative was set up after a 2018 declaration by Ivory Coast […]
Banque Nationale d’Investissement (BNI), also known as National Bank of Investment, vowed to support exporters of coffee and cocoa of Côte d’Ivoire with around $274 million for a new season starting in few days, Abidjan Net reports. Jerôme Ahua, Deputy Director of the bank, made the announcement during a networking event of coffee and cocoa […]