Ivory Coast Slashes Cocoa Farmgate Price by 60%
By Ayomide Otitoju The government of Côte d’Ivoire, the world’s largest cocoa producer, on Wednesday announced a sharp reduction in the price paid to cocoa farmers, cutting it by nearly 60 percent in response to a downturn in global demand and an oversupply in the market. Agriculture Minister Bruno Kone said the new farmgate price…
