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Trade
Trade is a category that focuses on trade and investment in broad terms and also touching on contracts, futures, prices, exports, etc as well as financing activities like loans, investments, capital injection, mergers, etc
Ghana Hopeful To Meet EU Due Diligence With Cocoa Management System
The Government of Ghana through the Ghana Cocoa Board is developing a Cocoa Management System, CMS, to enable Ghana to meet the European(EU) due diligence requirements, Minister for Food and Agriculture, Hon. Dr Owusu Afriyie Akoto has…
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Niche Cocoa Opens Largest African Food And Beverage Company In US History
Ghana's Niche Cocoa Industry is set to open the largest African-origin food and beverage company in the history of the United States of America.
The Ghanaian cocoa processing giant is currently in the process of turning a…
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Cocobod Signs $1.13 Billion 30th Annual Cocoa Syndicated Loan
Ghana Cocoa Board (Cocobod) has secured its thirtieth successive cocoa syndicated loan facility to purchase the country's 2022/23 crop.
The $1.13 pre-export receivables backed trade finance facility was pooled by a consortium of…
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Ivory Coast Sells 2023/24 Cocoa With Positive Origin Premium
Ivory Coast has started selling cocoa contracts for the 2023/24 season with a non-negative premium industry.
The action happens to be the first of its kind in three years as regulators seek to support farmers.
According to Reuters,…
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We Will No Longer Sell Cocoa With A Negative Premium
Global cocoa production giants Ghana and Cote d'Ivoire say effective this month, August 2022, their cocoa would sell at a positive origin differential, a market premium earned for the quality of produce.
The resolve announced by the Cote…
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Ghana Pays $400m Yearly In Subsidies As Cocoa Prices Tumble
Ghana is said to be paying as much as $400 million yearly in cocoa producer price subsidies following a sustained assault on the international market price for the commodity.
The country in September 2020 announced an unprecedented 28…
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Cocoa Producers Accuse Big Chocolate Of Deliberate Price Manipulation
Global cocoa-producing giants, Ghana and Cote d'Ivoire, are suspecting chocolate companies of perpetrating a deliberate price manipulation scheme for their produce, much to the disadvantage of their farmers.
The Chief Executive of Ghana…
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African Cocoa Organisation In The Offing As Nigeria Seeks Entry Into LID Bloc
Bilateral cooperation between West African neighbours, Cote d'Ivoire and Ghana, introduced a new cocoa pricing mechanism in 2019 targeting a floor price of $2600 per tonne.
Chocolate companies and cocoa traders accepted the proposal…
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Cocoa Producers To Publish Premiums Paid By Chocolate Companies
Effective by the end of this month, May 2022, Cote d'Ivoire - Ghana Cocoa Initiative will begin a monthly publication of origin differential premium paid by multinational buyers for cocoa beans from Ghana and Cote d'Ivoire.
A joint…
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Ivory Coast Maintains Cocoa Producer Price At 825 FCFA Per Kilogram
For the intermediate marketing campaign which opens on April 1, the farm gate price per kilogram of cocoa is maintained at 825 FCFA, as in the main campaign.
The announcement was made by the Minister of State, Minister of Agriculture and…
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