Edition:
United Kingdom

Ange Aboa

Diseases raise concerns for Ivorian cocoa main crop outlook

05 Dec 2019

DALOA, Ivory Coast Ivorian cocoa farmers have grown more concerned about the 2019/20 main crop as diseases known as black pod and swollen shoot spread in cocoa plantations, farmers and exporters told Reuters on Thursday.

African Development Bank approves record capital boost of 125% to $208 billion

31 Oct 2019

ABIDJAN The African Development Bank's board approved a 125% capital increase to $208 billion on Thursday, the largest in the lender's history, AfDB President Akinwumi Adesina said.

UPDATE 1-Olam buys 100,000 T of 2020/21 cocoa with farming welfare premium - CCC sources

25 Oct 2019

ABIDJAN/LONDON, Oct 25 The Cocoa Coffee Council (CCC) has signed a block deal with food group Olam for the sale of 100,000 tonnes of cocoa export contracts for the 2020/21 season that includes a premium to support farmers, sources at CCC told Reuters on Friday.

Chocolate makers face ethical branding dilemma

15 Oct 2019

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.

Ivory Coast, Ghana strike first cocoa deals with living income premium

13 Sep 2019

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.

RPT-Ivory Coast, Ghana looking to regulate cocoa industry's sustainability schemes - sources

11 Sep 2019

* Costs would come on top of new 'living income' cocoa premium

Ivory Coast, Ghana looking to regulate cocoa industry's sustainability schemes - sources

10 Sep 2019

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.

EU backs cocoa price rise to make production more sustainable

10 Sep 2019

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.

EU backs cocoa price rise to make production more sustainable

10 Sep 2019

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.

CORRECTED-UPDATE 1-Ivory Coast, Ghana add 'living income' cocoa premium to fight poverty

11 Jul 2019

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.

World News

U.S. Democrats unveil impeachment charges against Trump

Democrats in the House of Representatives announced formal charges against President Donald Trump on Tuesday that accuse him of abusing power and obstructing Congress, making him only the fourth U.S. president in history to face impeachment.