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Ivory Coast, Ghana implement ‘living income’ cocoa premium

Wed July 10 2019

 

Top global cocoa producers Ivory Coast and Ghana have implemented a fixed “living income differential” of $400 a tonne on all cocoa contracts sold by either country for the 2020/21 season, according to an official letter seen by Reuters.

 

The premium replaces an earlier plan to implement a floor price for cocoa contracts.

 

Source: Reuters

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