Oct 01 2019The world's biggest cocoa producer is on course for a second straight record crop but its plans for bigger control over prices for the following season will remain a major cause of uncertainty for traders Good crop conditions will help Ivory Coast to produce 2 23 million tons of cocoa in the new season that begins [] The government has maintained the producer price of cocoa for the 2018/2019 cocoa season at GH7 600 per tonne translating into GH475 per bag of 64 kilogramme (kg) gross weight The price takes effect from today with the new season expected to commence on Friday

Ivory Coast Weighs Cocoa Tax Cuts to Lift Farmer Pay

Sep 06 2017Ghana's industry regulator has kept producer prices unchanged at the equivalent of 7 600 cedis ($1 717) per ton since last year and has ruled out a cut for the new season The contrast in pay is encouraging bean smuggling with Ivory Coast fearing that it may lose as much as 400 000 tons of its next crop a person familiar with the matter

Oct 16 2017The Government has announced that it will maintain the producer price of cocoa for the 2017/2018 crop season despite the sharp decline in the price of cocoa on the world market The price of a tonne of cocoa on the world market has witnessed a dramatic decline from about $3 000 to about $1 900 a 10-year low

The Government of Ghana has maintained the producer price of cocoa for the 2018/2019 cocoa season at GH7 600 per tonne translating into GH475 per bag of 64 kilogramme (kg) gross weight The price takes effect with the new season expected to commence on Friday October 5 2018

Ghana: Cocoa Season Ends / Ghana Expects Output Rebound As New Season Starts / Government Announces 21% Increase In Producer Price / Olam Notes Driest Period In 35 Years Threatens Crop / COCOBOD Supplies 5 Million Seedlings / Mondelz International Well-Being Program / 5-Year US$750 Million Cocoa Roads Project

Oct 03 2015A cocoa buyer for a leading firm said the government's projection for the new season was very optimistic The government will pay 6 720 cedis ($1 759) per tonne from 5 600 cedis paid in the just-ended season and 425 cedis per 64 kg-bag of cocoa including a five cedis bonus Deputy Finance Minister Cassiel Ato Forson told a news conference

Ghana expects cocoa output rebound as new season starts

Oct 03 2015A cocoa buyer for a leading firm said the government's projection for the new season was very optimistic The government will pay 6 720 cedis ($1 759) per tonne from 5 600 cedis paid in the just-ended season and 425 cedis per 64 kg-bag of cocoa including a five cedis bonus Deputy Finance Minister Cassiel Ato Forson told a news conference

Aug 19 2020IVORY COAST - Ivory Coast the world's biggest cocoa producer cut farmers' pay for the new main season by more than a third as forecasts for a second annua FOOD BUSINESS AFRICA SHOWCASES THE INVESTMENTS MERGERS ACQUISITIONS MARKET TRENDS OPPORTUNITIES IN AFRICA'S FOOD BEVERAGE MILLING INDUSTRY

January 31 2018//-Ghana's cocoa regulator COCOBOD will sell as much as GHc2 5 billion ($556 million) of debt to pay for liabilities and operational costs while pledging to end subsidies for farmers according to a deputy finance minister

Sep 12 2014Ghana raised $1 2 billion in a similar loan last year It is expected to raise producer prices at which Cocobod buys cocoa from farmers at the onset of the new season in October Cocobod is hoping to harvest at least 900 000 tonnes of cocoa in the 2014/15 crop year

Jul 21 2020Oil prices hold steady as investors weigh vaccine news Demand for oil expected to pick up as major economies reopen SheldrickOil Picture: REUTERSTokyo — Oil prices were little changed on Tuesday trapped in the narrow trading band of the past three weeks as investors gauged hopes for a recovery in oil demand against fears of new lockdowns due to a growing number of

Oct 01 2019The world's biggest cocoa producer is on course for a second straight record crop but its plans for bigger control over prices for the following season will remain a major cause of uncertainty for traders Good crop conditions will help Ivory Coast to produce 2 23 million tons of cocoa in the new season that begins []

Cte dIvoire is the largest cocoa producer in the world accounting for 35% of world production the new government of Alassane Ouattara elected in November 2010 launched new cocoa reforms on 2 November 2011 guarantee a price attractive to farmers at the start of the new season

Oct 05 2018The government has maintained the producer price of cocoa for cocoa season at GH7 600 per tonne translating into GH475 per bag of 64 kilogramme (kg) gross weight The price took effect from October 2 with the new season expected to commence on Friday October 4

Ghana's Cocobod says signs $1 7 bln loan for 2014

Sep 12 2014Ghana raised $1 2 billion in a similar loan last year It is expected to raise producer prices at which Cocobod buys cocoa from farmers at the onset of the new season in October Cocobod is hoping to harvest at least 900 000 tonnes of cocoa in the 2014/15 crop year

Apr 14 2018Drought cut last season's mid-crop harvest by 40 percent The dry weather continued into the main crop of the new season Sayina Riman president of the Cocoa Association of Nigeria (CAN) said the drought affected the trees reducing output of between 300 000 tonnes and 320 000 tonnes projected at the beginning of the 2017/18 season

Oct 05 2015The cocoa buying price from producers was raised from 5 520 cedi per tonne to 6 720 ($1 759) per tonne for the new season which opened last Friday meaning growers will now receive 420 cedi per 64 kilogramme bag of the beans sold up from 350 cedi

According to data from the National Office of Cocoa and Coffee (ONCC) local cocoa processing was 53 000 tonnes in the 2017-2018 season so last's season's increase was marginal Cameroon the continent's largest producer after Ivory Coast and Ghana produced 264 000 tonnes of cocoa during the 2018-2019 season the government said

Sep 06 2017Ivory Coast is considering cutting taxes on buying and and exporting of cocoa to allow for an increase in the minimum price paid to farmers in the upcoming season according to a person familiar with the matter The world's biggest producer of cocoa is unlikely to raise the minimum price that it allows merchants to []

Aug 19 2020IVORY COAST - Ivory Coast the world's biggest cocoa producer cut farmers' pay for the new main season by more than a third as forecasts for a second annua FOOD BUSINESS AFRICA SHOWCASES THE INVESTMENTS MERGERS ACQUISITIONS MARKET TRENDS OPPORTUNITIES IN AFRICA'S FOOD BEVERAGE MILLING INDUSTRY

Oct 03 2017IVORY COAST – Ivory Coast the world's biggest cocoa producer cut farmers' pay for the new main season by more than a third as forecasts for a second annual global oversupply weigh on prices Farmers will receive a guaranteed price of 700 CFA francs ($1 23) a kilogram for the larger of the two annual harvests that starts this month compared with 1 100 CFA francs a year ago Lambert