Cocoa processors

Cocoa Futures Curtail Losses, Despite Surprise Drop In EU Grind

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Cocoa processing volumes by European grinders recorded an unexpectedly weak finish to 2016 – although the data provoked only minimal losses in futures, amid hopes for demand improvement this year. Cocoa processors such as Barry Callebaut, Cargill and Olam ground 339,379 tonnes of beans in the October-to-December period, the European Cocoa Association said. That represented … Read more

Cocoa Smuggling To Côte d’Ivoire On The Rise As Ghana’s Cedi Falls Rapidly

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The over 41% dip in the value of Ghana’s currency, the cedi, this year has caused many Ghanaian cocoa farmers to smuggle their beans to Ivory Coast where they can get 58% more in dollar terms for their cocoa beans according to report released by the pan-African bank, Ecobank. The drop in the cedi, Ghana’s … Read more