Cocoa stakeholders agreed $2,600 as maiden floor price for tonne of cocoa beans

Photo Credit-Wienco| RMG

Stakeholders in the cocoa trading sector have agreed in principle that they will not buy a tonne of cocoa from Ghana and Cote D’Ivoire below US$2600.

The agreement was reached in Accra on Wednesday June 12, at the instance of Ghana and Cote d’ivoire, West African neighbours, who supply more than 65 per cent of global cocoa beans.

Stakeholders also agreed on a July 3, 2019 meeting in Abidjan, Cote D’Ivoire, to further deliberate on the floor price and the suspension of sales from the 2020/21 cocoa season.

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