Ghana and Ivory Coast may put ceiling on cocoa production
The two countries, who together produce two-thirds of the world's cocoa, imposed a fixed ‘living income differential’ or premium of $40
18 September 2019 - 17:27
Lisbon — Ghana and Ivory Coast, the world's top cocoa producers, are looking at introducing a cocoa production ceiling to support global prices and discourage overproduction, the countries' industry regulators said on Wednesday.
The move comes after the two countries, who together produce two-thirds of the world's cocoa, imposed a fixed "living income differential (LID)" or premium of $400 a tonne in July on all cocoa sales for the 2020/2021 season...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.