GHANA
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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Minority defends Fmr. President Mahama on his claims about the cocoa sector.
The Former President, John Mahama claims the country’s cocoa sector is on the verge of collapse because of the mismanagement of the sector by the government.
ICCO March Report
For the 2022/23 mid-crop, the Ivorian and Ghanian regulators have left unchanged the fixed farm-gate price to 900 XOF per kg ($1,507 per tonne) and 12,800 GHS per tonne ($1,206 US per tonne), respectively.
Cocoa Farmers Taking Part In Sustainability Not Well Compensated
Cocoa Farmers Taking Part In Sustainability Not Well Compensated
Over 95% of Ghana Cocoa Safe From EU Ban
Cocoa farmers in Ghana can heave a sigh of relief as the European Union (EU) has clarified that the majority of cocoa from the West African country is at no risk of an EU market ban. Legislation passed in December by the EU parliament seeks to ban some commodities linked to deforestation, including cocoa, coffee, …
Cocoa buyers back Ivory Coast and Ghana’s cocoa premium schemes
A man prepares cocoa beans for sale in Daloa, which produces a quarter of Ivory Coast’s national cocoa output. REUTERS/ Thierry Gouegnon