Cote D’Ivoire raises payment for cocoa farmers by 50%

Cote D’Ivoire will pay cocoa farmers 1,500 CFA Franc for beans following calls for an increase in prices to address the global cocoa shortage. Meanwhile, unmet contracts for the 2023/2024 main cocoa crop between exporters and the Coffee and Cocoa Council will be postponed in a bid to prevent exporters from defaulting. Tedd George, the Chief Narrative Officer at Kleos Advisory, joins CNBC Africa for this discussion.
Thu, 04 Apr 2024 14:04:31 GMT