Disappointment as Ivory Coast keeps cocoa price unchanged
Ivory Coast Ivory Coast will keep the farmgate price of cocoa unchanged for the crop's main harvest season, the country's agriculture minister announced."It has been decided that a kilogram of well-fermented, well-dried, well-sorted cocoa will be purchased at the farm gate price of 1,200 francs per kilo," said Bruno Nabagne Kone, the Ivorian Minister of agriculture.
Ivory Coast, the world's leading cocoa producer, in March cut the price paid to its growers by nearly 60 percent to try to address a sales slump affecting the sector.
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