Ivory Coast unveils cocoa scheme
30 November 1999
Ivory Coast unveils cocoa scheme
THE Ivory Coast has announced a new price stabilisation scheme for the cocoa market in response to protests by farmers in the wake of liberalisation.
Farmers are to be paid at least CFA F300/kg of cocoa, and the plan would include a 150,000t buffer stock and a system of forward sales.
The cocoa market liberalisation removed the countrys state-run cocoa board. Farmers complained that the change left them at the mercy of world prices, which are at record lows.
- Farmers expected to burn cocoa crop, FWi, 26 November, 1999
- Cocoa prices fall below £1000 a tonne, FWi, 18 September, 1998
- ICO forecasts cocoa deficit of 70,000 tonnes, FWi, 04 September, 1998
- Financial Times 30/11/99 page 44 (News Digest)
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