- Reuters•26 days ago
The Ivorian government has announced reduced export taxes for cocoa products in a bid to encourage production and processing in the West African country. Ivory Coast is the world's top cocoa producer as well as the leading processor of cocoa beans and is aiming to grind half its production domestically by 2020, up from about a third now. Companies have been in talks with the Coffee and Cocoa Council (CCC) for the last two years to agree on a new scheme that would reward firms that grind locally.
- Reuters•last month
ABIDJAN/ACCRA, June 14 (Reuters) - Cocoa grinders in Ivory Coast and Ghana, the world's top two bean producers, have slashed output or suspended operations due to a lack of beans fit for processing, company officials said on Tuesday, heightening to the risk of a supply deficit. Port arrivals in leading grower Ivory Coast are lagging behind last year due to poor weather, while Ghana is set for only a modest recovery from last season's failed crop. Ivory Coast is currently harvesting its mid-crop, which runs from April to September.
BARRY CALLEBAUT NSwiss
|Bid||1,266.00 x 5400|
|Ask||1,287.00 x 5100|
|52wk Range||971.50 - 1,287.00|
|Day's Range||1,267.00 - 1,280.00|
|Avg Vol (3m)||5,828|
As of 11:31 AM EDT. Market closed.