Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Agriculture

Ghana and Côte d’Ivoire to set common cocoa export volume in 2019-20

Thursday, 14 June 2018 18:40

(Ecofin Agency) - Côte d’Ivoire and Ghana will adopt a common policy on the volume and timing of cocoa exports for the 2019/2020 season. Joseph Aidoo, head of Cocobod, told Reuters.

This strategy aims to discharge the global market and boost cocoa world prices which dropped by 40% in 2017, significantly affecting the two countries.

“The price of cocoa is not decided by us producers. We must change this situation,” Mr. Aidoo said.

Moreover, Reuters indicated that the two countries have agreed to harmonize sales systems and renew infected and unproductive cocoa plantings. Therefore, while Ghana will uproot 400,000 hectares of cocoa infected by Swollen Shoot, Côte d'Ivoire will focus on 300,000 hectares. 

Let’s note that both countries supply 60% of global cocoa stock.

Espoir Olodo

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.