THE GHANA CIVIL-SOCIETY COCOA PLATFORM (GCCP) EXPECTATION OF FARM GATE PRICE FOR 2023/2024 COCOA SEASON
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Ghana cocoa
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
GCCP Statement in response to COCOBOD CEO’s remarks in Switzerland about Cocoa-driven Deforestation
A recent Global Forest Watch report1 indicate that between 2017 and 2018 Ghana’s rate of deforestation rose by 60%, the highest in the world. The same report singled out agricultural expansion (in the middle and southern belt of Ghana) and mining (in the north) as leading in this unfortunate state of affairs. These causes, as suggested