24 C
Lagos, South Africa and New York
Saturday, August 8, 2020

London March cocoa expiry sees 120,120 tonnes tendered

LONDON, March 17 (Reuters) - A total of 120,120 tonnes of cocoa was tendered against the ICE March London cocoa contract, exchange data showed on Friday. The delivery against the March contract, which expired on Thursday, was mostly made up of 90,450 tonnes of cocoa...

Nigerian local cocoa processors near bankruptcy as bank takeover assets

FTN Cocoa Processors Plc is facing a threat to its continuity as its bankruptcy issue heightens. The firm, which has not held any Annual General Meeting or declared dividends for the past two years, explained in a statement to the Nigerian Stock Exchange on Wednesday...

Ivorian cocoa arrivals seen at 725,809 T by Nov 30

ABIDJAN (Reuters) - *Cocoa arrivals at ports in top grower Ivory Coast reached 725,809 tonnes between Oct. 1 and Nov. 30, CCC data showed on Wednesday, up about 48 percent from 551,020 tonnes in the same period last season. *Previously, exporters had estimated around 689,000...

NSE Lifts Suspension on Shares of FTN Cocoa Processors Plc

ASI Down 9%; NIBOR Moves in Mixed Directions … The Nigerian equities market tanked by 9%, reversing yesterday’s gain, on renewed sell-offs to close the week red At the end of trades, there were 19 losers against 18 gainers while on a year- to-date basis,...

Ivory Coast cocoa farmgate price up in new season, Ghana’s flat

* Ghana, Ivory Coast produce 60 pct of world’s cocoa * Countries moving towards harmonising prices (Combines Ivory Coast, Ghana, adds farmer reaction) By Ange Aboa and Kwasi Kpodo ABIDJAN/ACCRA, Oct 1 (Reuters) - Ivory Coast, the world’s top cocoa grower, raised the guaranteed price it pays...

Nigeria’s Cocoa Crop Shows High Mold Levels

By Tolani Awere Persistent rains have made drying of beans difficult The main crop accounts for about 70% of Nigeria’s output Initial harvests of Nigeria’s main-crop cocoa arriving at ports and warehouses show high levels of mold in the major producing southwest region due to a prolonged...

Exporters lament over 30,000 tons of cocoa trapped due to decayed Lagos Apapa road infrastructure

By Tolani Awere and Tope Alake Shipping delays have caused an escalation of haulage costs Roads left to decay over two decades by successive regimes At least 30,000 metric tons of cocoa are trapped on their way to ports in Nigeria’s main city of Lagos as...

Ivory Coast to auction cocoa crop in advance to guarantee price for season

Ange Aboa ABIDJAN (Reuters) - Ivory Coast’s Cocoa Coffee Council (CCC) has decided to auction all of its cocoa production to exporters in advance in order to set a guaranteed price throughout the season for producers, CCC sources said on Wednesday. Approximately 1.7 million tonnes of...

Cameroon expects cocoa grinding to more than double in coming years

NGOMEDZAP, Cameroon, Aug 7 - Cameroon expects cocoa bean grinding to more than double in the next two to three years to 130,000 tonnes due to fiscal incentives for investors, its trade minister said on Tuesday. Cameroon, whose 253,000 tonnes of cocoa output last season...

DOUALA, Aug 2 - Cocoa bean arrivals at Cameroon’s main port of Douala stood at 223,413 tonnes by May 31 from the start of the season in August, down 10 percent on last season owing to growing violence in its Anglophone region, the cocoa...
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