This past week, agricultural news has been eventful. The Ecofin Agency offers you a top 3, the most striking information in the sector.

The confrontation persists between cocoa farmers and the chocolate industry

The time has not yet come for appeasement between Ghana and Côte d'Ivoire on the one hand and the companies in the chocolate industry on the other. The two countries that provide 60% of the world's crop continue to accuse companies of trying to derail the $400 decent income differential (DRD) per tonne of cocoa for the 2020/2021 season. This week, the revelations about the purchase by the confectioner Hershey of a purchase of cocoa contracts on the New York Stock Exchange instead of a direct supply have further aggravated the tensions...

26/11/2020 - The supply of cocoa to the confectioner Hershey in New York undermines the application of the DRD (CCC)

Textile shipments in Rwanda break records

In Rwanda, 2020 was a memorable year for the textile and clothing industry. Exports of the industry's products have reached historic value thanks to investments by firms and the conquest of new export outlets. This is despite the imposition by the US of additional taxes on imports of clothing from the land of a thousand hills.

24/11/2020 - Rwanda: textile and clothing exports reached a record high in 2020

US tightens tariffs on Moroccan phosphate fertilizer exports

This week, the US took a further step in restricting access to the domestic market for Moroccan phosphate fertilizers. After launching investigations into possible subsidies to the industry, the Department of Commerce tightened tariffs. The measure will mainly affect the Office chérifien des Phosphates (OCP), the second largest producer of phosphate-based fertilizers and the world's largest producer of phosphates and its derivatives.

24/11/2020 - Morocco: OCP records positive financial results in 2020 despite the bad global economy

25/11/2020 - United States to Fix Provisional Duties on Imports of Phosphate Fertilizers from Morocco