Tag: Cocoa

Ghana expects 5.8% increase in cocoa output in 2020/2021

ACCRA (Reuters) - Ghana expects cocoa output of around 900,000 tonnes in the 2020/2021 season, up 5.8% from the forecast for 2019/2020, the country’s Cocoa Board (COCOBOD) said, according to...

Ivory Coast 2019/20 cocoa arrivals reached 2.004 mln t by July 31 -CCC data

ABIDJAN (Reuters) - Cocoa arrivals at ports in top grower Ivory Coast reached 2.004 million tonnes between Oct. 1 and July 31, down 6.4% from the same period last season,...

RMB’s economic outlook for Cote d’Ivoire ahead of polls

The World Bank is projecting a 7 per cent economic growth for Cote d’Ivoire this year. Meanwhile, the world’s largest cocoa producer will hold its Presidential election this year. Ayalanesh Tafesse, Country Risk Analyst at RMB joins CNBC Africa for an outlook on Cote d’Ivoire’s economy.

Ivory Coast tax collection up 5% in 2019

Ivory Coast, the world’s top cocoa producer, accounts for around 40% of the eight-nation West African CFA franc currency zone’s economy.

Nigeria, Cameroon to agree on cocoa premium: What will this mean for Nigeria’s cocoa industry?

Nigeria and Cameroon are planning to agree on a premium for their cocoa. That's according to the Vice President of World Cocoa Producers Organisation, Sayina Riman. Fellow West African cocoa producers, Ghana and Ivory Coast had already set a floor price for the crop at $2,600 per tonne. To discuss what this move will mean for the region and Nigeria’s cocoa industry, Executive Director of FTN Cocoa Processors, Akin Laoye joins CNBC Africa.

Here are three reasons why Ghana’s cocoa farmers are trapped by the chocolate industry

The chocolate industry is worth more than $80 billion a year. But some cocoa farmers in parts of West Africa are poorer now than they were in the 1970s or 1980s.

Ghana expected to produce 850,000 tonnes of cocoa in 2019/20 season, at the lower end of average levels…Here’s why

Ghana, the world’s second largest cocoa producer, is expected to produce 850,000 tonnes of cocoa in 2019/20 season, at the lower end of average levels on account of...

Boosting Nigeria’s cocoa yields

According to the National Bureau of Statistics, cocoa was one of the most traded agricultural products in the fourth quarter of 2018. But how can Nigeria improve the quality and quantity of its cocoa yields? Akin Laoye, Executive Director, FTN Cocoa Processors joins CNBC Africa to discuss this.
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