Côte d’Ivoire and Ghana set up new cocoa sales mechanism as the world’s largest producers strive to establish themselves on the cocoa market.
Ghana, Ivory Coast cocoa floor price [Business Africa]
The two largest cocoa producers in the world, Ghana and Côte d’Ivoire, have decided to provide a remunerative price to producers to enable them have a decent income
The decision comes after these countries suspended the sale of the 2020/2021 crops for trade imbalance with the world cocoa industry. The new mechanism should allow a differential of $400 per tonne.
Raphael Dapaah, cocoa farmer and founder of Dapaah chocolates based in London, United Kingdom, gives us more insights on this.