Cocoa: can the historic agreement between Ghana and Côte d'Ivoire make manufacturers bend? : Orishas-finance

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Cocoa: can the historic agreement between Ghana and Côte d'Ivoire make manufacturers bend?

21/08/2019

Source : JeuneAfrique

Categories: General Information

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Cocoa: can the historic agreement between Ghana and Côte d'Ivoire make manufacturers bend?

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The two countries are more convinced than ever of the need for a flat price of brown gold. The goal? Better pay producers.

"We are not going to sell the 2020-2021 crop for less than $2600 a tonne. And we will have a margin of $400, to make sure we give producers a minimum amount. No more doubt possible, after the intervention of the Ivorian President Alassane Ouattara, the day before the Independence Day, on August 6 on the RTI: there will be a floor price for Ivorian and Ghanaian cocoa ... "Buyers have understood", added the tenant of the presidential palace of the Plateau, before specifying that from October 1st, the price of
cocoa paid to the producer will increase.

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