Ivory Coast Raises Cocoa Price By 50% As World Market Price Reaches Record High
Ivory Coast Raises Cocoa Price By 50% As World Market Price Reaches Record High
Ivory Coast Raises Cocoa Price By 50% As World Market Price Reaches Record High – There is no denying that cocoa, the key ingredient in our favourite chocolate and many beverages, is an incredibly important global commodity. West Africa dominates cocoa production, with Ivory Coast and Ghana being the world’s leading producers. These countries…
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Cocoa currently sells in Cameroon for more than 5000 frs per kg. This is because the market has been liberalised.
Go a step further, process the cocoa and get better benefit
It's about time…but have a back bone…don't buckle, we're the only source
Good move Ivory Coast. This helps your brother cocoa growers in the Pacific as well.
I love my cocoa n coffee, the increase needs to go to farmers
🙌🏾👏🏾👏🏾👏🏾🥰
Good I need to cut back on chocolate anyway
These manufacturers must be made to also provide jobs for locals by opening factories and do some of the processing locally before it is shipped abroad.
Good it's about time. Whosoever wants it will pay the full price or grow their own.
Tell companies to open up factories in Ghana if they need a discount, or started creating your own chocolate products to take their market share.
I wish that were true but I'm very certain this was April Fool 😂
Glorious News! About time for fair market prices
Hahahahah they are not playing, they want their money they been under priced for years now time to catch up
I think Every Coast is about to ganhe dollar reserves to create evorian currency to be stabilized after Senegal clashed with France. All ecowas members must be ready to create them own currency because France going to be dismantled in Africa,its sad but it necessary for Africa development…
Likely manipulated by France fearful and responding to the anti France wave in that part of Africa. Give a bit more crumbs and appease.
It's funny that they can't make chocolate themselfs
No doubt we are "poor"!! Even the new price, being called HISTORICALLY HIGH, is nothing when one considers how much work goes into producing cocoa. Same thing with coffee, by the way! The West has historically set minimal, slave-labor prices for our commodities. Very shameless and wicked of them!! They have practically taken away these commodities for free !Africa WAKE UP!!!
Almost comical though, that a Western puppet, after having fought hard to derail the INDEPENDENCE of the Sahel States, is now copying their moves to achieve their sovereignty. Blessed be God forever!!
Very good. Stop being a doormat. It’s still not enough. Should be according to the real world market.
Good move, the rest of the world been getting rich, grab your piece of the pie! ❤❤❤AFRICA❤❤
THE UNIVERSE HAVE SPOKEN…CHARGE MORE PASS THE WORD @The New Africa Channel
As long as farmers in ivory coast and Ghana benefit directly to the price hikes then it's good because they have been exploited by the industry for a very long time indeed.
The president is still a French puppet though
Good for the Farmers. Fammers are the ones Most of the Time NOT being Heard.
Why would France willingly stop milking them for money
Mon pays ❤let’s goo Africa United
The Price should be trippled for colonizer countries.
Ghanas cocoa is of far better than quality than Ivory Coast………………….
Awesome!❤
In Indonesia 🇮🇩 already $5 per kilo ❤😂🎉😅😊
Nice, your product your price
The markets should be a good indication of what the product should sell for. Anytime the government gets involved in setting prices for something it's usually not a good result in the end. I predict any profits that may arise from this situation will not wind up in the hands of the growers/farmers but as usual in the hands of the greedy corrupt government machine.
I commend puppets for trying to break the strings from their master. But get out of the way and let the young people take the wheel. It is time!
Great news .. about time! Africa rising!
Why not?
Good about time stop letting the world market dictate your prices the world market doesn't care about you and you have the best chocolate make them pay
Nationalize the cocoa bean and add it's value to your currency….. The OPEC for cocoa and coffee, and tea sounds like a very good idea and ensuring a stipend for the people of Ivory coast / Africa to benefit financially from the global trade….
It may be a record high but it is still a very low one
These African cocoa-producing nations should each create a Sovereign wealth fund; each nation putting up a stake of $10-$50Million for their nation's fund. Then, create a chocolate "OPEC" for the world or just African nations to determine and "SET" global chocolate prices and markets. Make the product just like any other commodity, like pork bellies or coffee. As a matter of fact since most chocolate producing countries produce coffee as well this organization could set market prices for both. As the organization grows, it could help stimulate growth in the industry by investing in the companies that help market chocolate all over the world. Which, would help enrich them, in turn.
Good!👏🏽👏🏽👏🏽👏🏽👏🏽
Yes
Deserving even more 🙏🏿
10,000 dollars per ton should be closer to 10 dollars per kilo. the west african leaders love robbing their people
1 $ per kilo is still very low