Trade

Over 4200 cocoa farmers under Nestle's Cocoa Plan program in Ghana are set to benefit from a total GHC1,218,000 (US$232,000) in cocoa premium payments. Premiums are bonuses farmers receive in addition to the producer price for upholding…
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A Mondelez International Inc (MDLZ.O) executive has said that the new cocoa pricing mechanism announced by the top two growers Ivory Coast and Ghana is causing cocoa costs to rise. The chief financial officer of the Illinois-headquartered…
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The US-based Hershey Company has delivered an increase in net sales for the second quarter of 2019, recording figures of $1,767 million, up 0.9% year-on-year. Its results come amid plans to raise the price of its core chocolate bar brands…
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Fair Trade USA has set out a policy of increasing its minimum price and Community Development Premium for cocoa by 20 per cent as of October 2019. The organisation said the move would help farmers in a bid to become closer to earning a…
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The Chief Executive of Ghana Cocoa Board (Cocobod), Joseph Boahen Aidoo, has assured the $400 Living Income Differential introduced jointly with Ivory Coast on cocoa is not a surcharge. "We will like to correct the misrepresentation of the…
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Official spokesperson for Ghana Cocoa Board (COCOBOD), Mr. Fiifi Boafo, has rejected a Bloomberg report Friday claiming Ghana Cocoa got no buyers on first market appearance since $400 premium. Ghana and Ivory Coast, the world's largest…
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The world’s second-largest cocoa producer offered to sell beans for the first time since introducing a surcharge, and found no buyers, according to people familiar with the matter. Ghana’s Cocoa Marketing Company, responsible for selling…
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Ivory Coast and Ghana invited cocoa buyers and processors to discuss proposals for setting a joint minimum price for their cocoa beans, the latest sign that the world’s top producers are serious about improving cooperation. The two…
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