cocoa production

Ghana asks European cocoa buyers to pay more for sustainable cocoa

European cocoa buyers must be ready to pay more for cocoa beans that meet the region’s looming sustainability rules, key grower Ghana warned. Ivory Coast and Ghana which produce two-thirds of the chocolate ingredient, are having to set up systems to comply with new European Union (EU) regulations that ensure products are not grown on …

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Chocolate-making ingredient cocoa hits highest price in 46 years

Cocoa prices surged to the highest in 46 years on the Intercontinental Exchange in London on Wednesday as bad weather in West Africa threatened production prospects for the main suppliers of the primary raw material used to make chocolate. The benchmark September contract for cocoa in London gained more than 2% on Wednesday to 2,590 …

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ICE aims to help cocoa, coffee firms meet EU deforestation rule

LONDON/BRUSSELS, June 13 (Reuters) – Intercontinental Exchange (ICE.N) plans a traceability service to help cocoa and coffee firms comply with a new EU law preventing the import of commodities linked to deforestation. The law, expected to come into effect around end-2024, will require companies selling commodities in the European Union to produce a due diligence …

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Ghana risks losing cocoa sector: COCOBOD accumulates losses, Non-producing countries start production

Ghana risks losing its major foreign exchange earner cocoa, due to a combination of factors such as illegal mining, accumulated losses and major developments by some advanced countries to aggressively grow and export the crop. The Ghana Cocoa Board which is mandated to supervise the production and export of cocoa in the country is reeling …

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