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ivory coast

Ivory Coast sells almost 100,000 tonnes of 2021/2022 cocoa at small discount
Markets

Ivory Coast sells almost 100,000 tonnes of 2021/2022 cocoa at small discount

  • The regulator however maintained a $400/tonne premium known as the living income differential (LID) that was introduced this season to boost farmers' incomes.
  • A bumper crop and weak global demand caused by the pandemic, coupled with the introduction of the LID, left piles of unsold beans in warehouses in Ivory Coast.
Published 02 Mar, 2021 08:41pm
Ivory Coast to launch agricultural commodities exchange in March
Markets

Ivory Coast to launch agricultural commodities exchange in March

  • The agricultural commodities exchange will provide a price benchmark that serves as a basis for negotiating national and international commercial contracts.
  • The exchange also expects to eventually list natural rubber and palm oil, but has not indicated any plans for Ivory Coast's top export, cocoa, which is traded on international markets.
Published 23 Feb, 2021 08:53pm
Ivory Coast slashes cocoa quality premium to revive weak sales
Markets

Ivory Coast slashes cocoa quality premium to revive weak sales

  • The "country-differential" premium - so called because exporters pay it because of the high quality of cocoa from Ivory Coast.
  • The CCC is aiming to sell a total of 555,000 tonnes worth of contracts for the April-to-September mid-crop by the end of this month.
Published 10 Feb, 2021 07:03pm
Ivory Coast farmers are hopeful for cocoa mid-crop
Markets

Ivory Coast farmers are hopeful for cocoa mid-crop

  • Farmers said good moisture content in the soil had helped plenty of small pods develop on trees - a strong start for the April mid-crop compared with the same period last year.
  • "Without upkeep of the plantations, production could fall," said Albert N'Zue, who farms near Daloa.
Published 01 Feb, 2021 09:20pm
EU urges Ivory Coast to comply with new sustainable cocoa laws
World

EU urges Ivory Coast to comply with new sustainable cocoa laws

  • The European consumer wants to eat chocolate without having to think about child labour, deforestation or the poverty of those who grow cocoa.
  • The EU represents the leading destination for Ivorian beans, accounting for 67% of the country's cocoa exports.
Published 22 Jan, 2021 09:23pm
Ivory Coast tax receipts rise 4.4pc in 2020
World

Ivory Coast tax receipts rise 4.4pc in 2020

  • Sie told reporters that tax revenues would have been even higher had it not been for the COVID-19 pandemic, which has dampened business activity.
  • It has been one of the zone's fastest-growing economies, expanding by an average of around 8% annually over the past decade.
Published 14 Jan, 2021 07:47pm