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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
Fairtrade Minimum Price for Cocoa to Rise 20% in October
Fairtrade will be raising its Minimum Price and price premium for cocoa with effect from 1 October 2019.
“Most cocoa farmers are unable to afford decent housing, food and education, and that will continue as long as chocolate traders,…
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Cocoa Farmers to Earn More in New Ghana-Ivory Coast Price Deal
Ivory Coast and Ghana, the world's biggest exporters of cocoa, have agreed a deal to sell the commodity with an additional living income premium of $400 (£320) a tonne added to the price.
The scheme aims to work with the world's chocolate…
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Ghana’s COCOBOD Signs $1.3bn Syndicated Loan for 2019/20 Cocoa Crop Purchase
The Ghana COCOBOD on Friday, September 13, signed its annual cocoa loan syndication deal in Paris, France with some 20 banks including Societe General, Nedbank, MUFG, and NET-IXIS.
This comes after Parliament’s approval for COCOBOD to…
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European Union Endorses Cocoa Price Increase for Sustainable Production
Higher prices are needed to ensure cocoa production becomes more sustainable, a senior European Union official said on Tuesday, backing plans by top growers Ivory Coast and Ghana to levy a “living income differential” on sales.
“Ivory…
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Brand Sustainability and Customer Loyalty
Brands are becoming increasingly conscious that their success is determined beyond the products they sell – transparency around the origin of their products and sustainability have become important factors when determining customer…
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Sika Aba Buyer Limited Commends Cocoa Farmers
The Sector Manager for Sika Aba Buyer Limited, a cocoa merchant company, Mr. Albert Ankomah, has advised farmers to adopt integrated pest management on their farms to reduce agrochemical usage on cocoa plants.
This, he said, will help…
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Global Cocoa Partners Accept Floor Price Proposed by Ghana, Cote d’Ivoire
Partners in the global cocoa industry, have accepted the proposed Floor Price by Ghana and Cote d’Ivoire of $2,600 per tonne.
This pricing is expected to come into effect from the main growing season of 2020 to 2021.
The deal, therefore,…
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New Cocoa Producer Price to Come as Good News for Farmers – COCOBOD Chief
The Chief Executive of the Ghana Cocoa Board (COCOBOD), Mr. Joseph Boahen Aidoo, has expressed optimism that the Cocoa Producer Price for the 2019/2020 crop year will come as good news to cocoa farmers.
The COCOBOD Chief said he trusts…
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Ghana Cocoa Board Denies Reports of Increase in Cocoa Producer Price
The Ghana Cocoa Board (COCOBOD) has denied media reports that it plans to increase the producer price paid to cocoa farmers in the 2019/20 cocoa season to GH¢8,000 per tonne.
It said beyond the reports being untrue, they were premature as…
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Pay Ghana Cocoa Farmers GH¢9,000 as Farmgate Price, Citizen Watch Advocates
Citizen Watch, a leading think tank group, is calling on President Addo Dankwa Akufo-Addo to scale up the farmgate price of cocoa beans to GH¢9,000 per tonne from the current GH¢8000.
The think tank says the increase will save the…
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