In response to severe supply shortages, Ivory Coast’s cocoa regulator, the CCC, has suspended around 40 cooperatives suspected of hoarding cocoa beans to inflate prices.
Ivory Coast cocoa
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Ivory Coast’s cocoa farmers are expressing anxieties about the upcoming mid-crop harvest, citing a lack of rain and scorching temperatures across most cocoa-growing regions. The world’s leading cocoa producer recently…
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In a decisive move, Ivory Coast’s President Ouattara hikes the cocoa farmgate price by 50%, directly benefiting local farmers amid a global market deficit and rising cocoa prices.