The watchword only lasted 34 days. It is the result of a long deliberation referring to a joint statement of the Cocoa Coffee Council of Ivoiry Coast and Ghana Cocoa Board.
"After lengthy deliberations with stakeholders at the Abidjan meeting, Ivory Coast and Ghana implemented a floor price concept through the introduction of a $ 400 Decent Income Differential (DRD) per tonne, for any contract of sale of cocoa obtained from the two countries for 2020/2021 campaign ", said the release.
After the meeting of June 11-12, 2019 in Accra on the income of the producer, involving traders, processors and chocolate makers to discuss the implementation of a common floor price for cocoa produced in Ivory Coast and Ghana, a Technical Committee of Experts with all parties had been set up to deepen the discussions.
Today, the industry players welcome the lifting of the embargo that allows the resumption of sales of production. Prices being set from the outside (customers) still do not arrange the producers. Ghana and Ivory Coast then took the daring to weigh on pricing on the international market. Victory or failure, the boldness is to be welcomed.