BR100 Decreased By (-0.94%)
BR30 Decreased By (-0.94%)
KSE100 Decreased By (-0.78%)
KSE30 Decreased By (-0.89%)
AGHA 7.65 Decreased By ▼ -0.16 (-2.05%)
BECO 5.14 Decreased By ▼ -0.07 (-1.34%)
BML 57.30 Decreased By ▼ -0.20 (-0.35%)
BOP 33.97 Decreased By ▼ -0.06 (-0.18%)
CNERGY 9.95 Decreased By ▼ -0.01 (-0.1%)
CSIL 5.25 Decreased By ▼ -0.06 (-1.13%)
FCCL 53.47 Decreased By ▼ -1.23 (-2.25%)
FFL 16.57 Decreased By ▼ -0.12 (-0.72%)
FNEL 1.21 Decreased By ▼ -0.02 (-1.63%)
KEL 7.28 Decreased By ▼ -0.12 (-1.62%)
KOSM 5.86 Increased By ▲ 0.09 (1.56%)
LOTCHEM 29.10 Decreased By ▼ -0.22 (-0.75%)
MLCF 92.30 Decreased By ▼ -2.06 (-2.18%)
NBP 201.20 Decreased By ▼ -1.85 (-0.91%)
NCPL 56.97 Decreased By ▼ -0.03 (-0.05%)
NPL 66.75 Decreased By ▼ -0.95 (-1.4%)
OGDC 314.40 Decreased By ▼ -1.44 (-0.46%)
PACE 10.53 Decreased By ▼ -0.11 (-1.03%)
PAEL 42.13 Decreased By ▼ -1.07 (-2.48%)
PIBTL 16.48 Decreased By ▼ -0.26 (-1.55%)
PPL 217.46 Decreased By ▼ -2.32 (-1.06%)
PRL 50.70 Increased By ▲ 1.51 (3.07%)
PTC 69.76 Decreased By ▼ -0.77 (-1.09%)
SSGC 26.95 Decreased By ▼ -1.30 (-4.6%)
TBL 9.77 Decreased By ▼ -0.09 (-0.91%)
TELE 8.69 Decreased By ▼ -0.10 (-1.14%)
TPL 18.21 Decreased By ▼ -0.03 (-0.16%)
TPLP 13.42 Increased By ▲ 0.15 (1.13%)
TREET 22.56 Decreased By ▼ -0.16 (-0.7%)
TRG 59.71 Decreased By ▼ -0.43 (-0.71%)

ABIDJAN: Ivory Coast cocoa grinders had processed 389,000 tonnes of beans by the end of June, up from 342,000 tonnes at the same time last year, data from exporters' association GEPEX showed on Tuesday.

The 2016/17 season in Ivory Coast, which is both the world's top cocoa producer and leading grinder, began last October and ends this September.

In June, 43,000 tonnes of beans were ground, up from 32,000 tonnes in June 2016, the data showed.

In May, grinding was also up 18 percent to 45,000 tonnes.

Ivory Coast is seeking to process a higher portion of its bean output locally and has encouraged this through subsidies and tax reductions.

It has a total capacity to grind 712,000 tonnes of cocoa but only 489,000 tonnes were ground last year.

The GEPEX data only covers six of the largest grinding companies, including Olam and Cargill, among 12 active firms.

 

Copyright Reuters, 2017
 

 

 

Comments

Comments are closed for this article.