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 …
Chocolate-making ingredient cocoa hits highest price in 46 years Read More »
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 …
ICE aims to help cocoa, coffee firms meet EU deforestation rule Read More »
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 …
