Sentences with phrase «international cocoa price»
The price for Madagascar cocoa is higher and more stable than the international cocoa prices.
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The Deputy Minister however assured the farmers that government will continue the Stabilization Fund with annual contributions from the FoB price, as a risk mitigation mechanism against declines in international cocoa prices.
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With price volatilities on the international cocoa market representing, perhaps, the biggest threat to cocoa producers, President Akufo - Addo bemoaned the fact that the fortunes of Ghanaian farmers, unfortunately, have become tied to the volatile cocoa bean market.
With the two countries responsible for 60 % of the world's cocoa output, fluctuations of cocoa prices on the international market, marked by a fall of...
In order to ensure a much better involvement in the international pricing of cocoa, the two Governments, through their respective...
The comments come on the back of dwindling prices of cocoa on the international market and how the development has impacted on Ghana's economy.
The Stabilization Fund policy was introduced by the NPP administration led by President Kuffour in the 2004/2005 cocoa season to support farmers from the effects of international price volatility.
In order to ensure a much better involvement in the international pricing of cocoa, the two Governments, through their respective cocoa institutions, namely the Coffee - Cocoa Board for Côte d'Ivoire, and the Ghana Cocoa Board (COCOBOD), agreed to adopt common policies on the marketing, storage and processing, and promotion of local consumption of cocoa.
A Choc of One's Own The cocoa farmers, who were already getting a Fairtrade price from some international customers, voted to invest in a chocolate bar of their own.