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Sunday, July 5, 2020

Why Nigeria’s plans to partner Cameroon on cocoa premium will not work

* The two countries have had informal talks - producer group * Move comes after Ivory Coast, Ghana moved to lift prices * Cameroon trade ministry unaware of plan, trader sceptical (Adds quotes, details) By Chijioke Ohuocha LAGOS, Oct 10 - Nigeria aims to team up with...

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...

Ghana, Ivory Coast leads Nigeria in Cocoa output, agree on 2019/20 export volumes

At a time Nigerian Cocoa producers are battling for survival due to government’s near negligence of the sub sector, Ghana and Ivory Coast are set to jointly decide on the volume and timing of cocoa exports by August for the 2019/20 season. According to the...

Heavy rains, black pod threatens Nigeria’s $764.7m cocoa output

By Tolani Awere Black pod thrives in wet conditions, causing trees to wither Cases recorded in Nigeria’s two main cocoa-growing regions Nigeria’s 2019-20 cocoa crop is threatened by an attack of the fungal black-pod disease due to the wetness created by persistent rains in the main cocoa-growing...

Ghana 2018/19 cocoa output expected to drop 6 pct due to disease, drought

Ange Aboa SUNYANI, Ghana (Reuters) - Ghana’s cocoa output is expected to drop nearly 6 percent this season to 850,000 tonnes because of disease and dry weather, sources at the cocoa regulator, COCOBOD, said on Wednesday. ADVERTISEMENT Ghana previously forecast production of 900,000 tonnes, the same as...

Nigeria Moves to Improve Cocoa Sector

Economy Monday, June 11,2018 C ocoa House in Ibadan, southwest Nigeria, was built with the earnings from exports of cocoa beans and at 26 storeys was once the country’s tallest building. Profits from sales of the commodity–prized around the world as the basic ingredient for chocolate–used to...

This Africa’s Cocoa Producer Weighs Increase in Bean Quality Premium

By Baudelaire Mieu Top grower may double origin differential as prices fall Country sees widening quality gap over some other producers Ivory Coast is weighing an increase in the premium that it charges for the quality of its cocoa to as much as double the current margin,...

Nigeria’s cocoa mid-crop output seen weak as coronavirus disrupts farmers exports creating backlog of unshipped beans

Chijioke Ohuocha ABUJA, May 15 - Nigeria’s cocoa mid-crop output is expected to be weak as measures to curb the spread of the coronavirus hindered farmers and exporters, creating a backlog of unshipped beans, the president of the cocoa association said. Mufutau Abolarinwa told Reuters...

London July cocoa expiry sees 18,450 tonnes tendered

LONDON, July 17 - A total of 18,450 tonnes of cocoa was tendered against the ICE July London cocoa contract, exchange data showed on Tuesday. The delivery against the July contract, which expired on Monday, was mostly made up of 11,680 tonnes of cocoa from...

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...
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