Côte D'ivoire

CFI national traceability systems have entered the piloting phase in cocoa-growing regions in West Africa. Pic: CFI

Sustainability

COP28 to hear of CFI updates on cocoa deforestation in West Africa

By Anthony Myers

The Cocoa and Forests Initiative (CFI) is set to present updates on the industry’s commitment to eliminate deforestation and restore degraded forests at COP28, the United Nations Climate Change Conference, which will be held this year in Dubai from 30...

The rally of cocoa prices on the markets should mean farmers are paid more for beans. Pic: CN

Commodities

Tight cocoa supplies push up prices to meet strong global demand

By Anthony Myers

Cocoa prices climbed this week as the result of stronger global cocoa demand, with barchart.com reporting that Gepex, an exporter group that includes six of the world's biggest cocoa grinders, said that its Q3 cocoa processing was 183,731 MT, up...

Former ICCO Council President Abel Fernández addresses members at the recent Council Meeting. Pic: ICCO

Sustainability

ICCO celebrates 50 years of cocoa sustainability commitment

By Anthony Myers

The International Cocoa Organization (ICCO) marked half a century of commitment to sustainable growth in the cocoa sector with a special celebration held in Abidjan, Côte d'Ivoire, where it is now headquartered.

Women from the  COOPAAPROMAN community in Cote d'Ivoire organise their Village Savings Loans. Pic: Magnum

Sustainability

AWA by Magnum supports more female cocoa farmers in Cote d’Ivoire

By Anthony Myers

To mark World Cocoa & Chocolate Day (which took place on 1 October) Magnum ice cream has released more details on its female empowerment programme, upscaling the work to reach thousands of additional women throughout cocoa communities in the West...

Cocoa prices hit record highs on the international markets this week. Pic: CN

Commodities

El Niño and consumer demand from China pushes up cocoa prices

By Anthony Myers

Cocoa traded on ICE Futures in New York hit a 12-year high of $3,640.50 per tonne on Wednesday (30 August), as analysts reacted to a consumer surge in chocolate, as well as the adverse impacts of the El Niño weather phenomenon on West Africa’s cocoa crop.

Pic: CN

Commodities

Weather variations hit cocoa supplies, pushing up prices

By Anthony Myers

In latest market news reduced cocoa supplies from Cote d’Ivoire after recent heavy rains saw ICE NY cocoa on Monday close +7 (+0.21%), and Sep ICE London cocoa #7 closed +16 (+0.74%).

Pic: CN

Commodities

Cocoa prices pulled down by ICE inventories

By Anthony Myers

After consolidating recent gains, cocoa prices posted modest losses earlier this week after an increase in cocoa inventories weighed on prices.

The two West African countries produce over 60% of the world's cocoa Pic: Getty Images

Commodities

Cote d’Ivoire and Ghana await approval for IMF loans

By Anthony Myers

Both countries’ economies have been ‘hit hard by the triple shock of the Covid-19 pandemic, global financial tightening, and adverse spillovers from Russia’s war in Ukraine’.

Cote d’Ivoire's cocoa farmers will now be guaranteed the farmgate price for their beans with the new electronic cards. Pic: Mighty Earth

Legislation

Cote d’Ivoire implements electronic payment cards for cocoa farmers

By Anthony Myers

Cote d’Ivoire’s cocoa regulator, Conseil du Café Cacao (CCC), has initiated a scheme to distribute electronic cards to cocoa farmers to help track beans from farms to their export ports and ensure the growers are paid a guaranteed price for their produce.

Ourput of West African cocoa beans fell last month. Pic: CN

Commodities

Uncertain supply and demand undercuts cocoa prices

By Anthony Myers

Recent flash flooding in West and Central Africa has hindered Cote d’Ivoire’s transportation of cocoa beans from the farms to the ports and could be the reason for the reduction of cocoa arrivals seen during the first few weeks of the main 2022-23 season...