ABIDJAN/LONDON Ivory Coast and Ghana's threat to possibly halt the cocoa industry's ethical branding schemes poses a major risk to chocolate makers operating in Western markets where consumer demand for sustainably sourced products is rising.
LONDON/ABIDJAN, Sept 13 Ivory Coast and Ghana
have agreed initial deals to sell cocoa with a living income
premium of $400 a tonne added to the price, in a bid to reform
the way global cocoa is priced, industry sources and a
government source told Reuters.
* Costs would come on top of new 'living income' cocoa
ABIDJAN/LONDON Ivory Coast and Ghana will meet major chocolate makers and grinders in Abidjan on Wednesday to make plans to regulate the industry's efforts to source cocoa sustainably, multiple trade and government sources told Reuters.
ABIDJAN Higher prices are needed to ensure cocoa production becomes more sustainable, a senior European Union official said on Tuesday, backing plans by top growers Ivory Coast and Ghana to levy a "living income differential" on sales.
ABIDJAN, Sept 10 Higher prices are needed to
ensure cocoa production becomes more sustainable, a senior
European Union official said on Tuesday, backing plans by top
growers Ivory Coast and Ghana to levy a "living income
differential" on sales.
ABIDJAN/LONDON, July 10 Top global cocoa
producers Ivory Coast and Ghana have imposed a fixed "living
income differential" of $400 a tonne on all cocoa contracts sold
by either country for the 2020/21 season, an official letter
seen by Reuters shows.
ABIDJAN/JOHANNESBURG Ivory Coast and Ghana - the world's leading cocoa producers - failed on Wednesday to come to an agreement with the chocolate industry over how to introduce a new floor price for their exports.
* Cocoa and chocolate companies do not agree with details
(Updates with outcome of meetings)
ABIDJAN/JOHANNESBURG U.S. food maker Mars Inc. supports a decision by Ivory Coast and Ghana to set a floor price for their cocoa exports, a senior executive told Reuters on Wednesday, becoming one of the first major chocolate companies to back the initiative.