Trade

South China's island province of Hainan has exported cocoa beans to Belgium for the first time, according to the Chinese Academy of Tropical Agricultural Sciences (CATAS). The first batch of 500 kg of cocoa beans, worth 3,044 euros (about…
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Ghana Cocoa Board (COCOBOD) has announced the opening of the 2020/21 main crop cocoa season effective Friday 2nd October 2020. Per the publication, Cocobod is sending the signal to licenced cocoa buying companies (LBSs) to be on the…
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The Ghana Cocoa Board (COCOBOD) will on 10th October 2020 receive the first tranche of the $1.3 billion syndicated loan facility secured for cocoa purchases in the 2020/21 crop season. Officials of COCOBOD and the lead arrangers of the…
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The president of Ghana, Nana Addo Dankwa Akufo-Addo, has announced the new cocoa producer price for the 2020/21 season as GHS10,560 per tonne translating to GHS660 per bag. “Nananom, beginning 1st October 2020, I am happy to announce the…
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The Ghana Civil Society Cocoa Platform (GCCP) has commended the Ghana Cocoa Board for its bold initiative of implementing the $400 Living Income Differential (LID) aimed at improving farmers' standard of living. In a press release…
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The president of Ghana, Nana Addo Dankwa Akufo-Addo, is set to announce the new cocoa producer price for the 2020/21 season on Thursday 24th September 2020. The producer price is the price at which the country's cocoa sector regulator -…
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Through a joint initiative, Ghana and Côte d’Ivoire have managed to convince chocolate traders and makers to raise the price they pay for cocoa. With Côte d’Ivoire and Ghana, the world’s top two cocoa producers, as well as Nigeria,…
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Purchasing cocoa is a capital-intensive operation by Licensed Buying Companies (LBCs).  The LBCs’ function is to purchase cocoa from farmers for the Ghana Cocoa Board (COCOBOD), who then export to the external market. Being a…
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Nestle has appointed Mauricio Alarcon as new Chief Executive Officer of Nestlé Central and West Africa Limited, effective September 1, 2020. Mr Alarcon has a robust and in-depth understanding of Central and West Africa. A statement…
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