Ivory Coast to buy all unsold cocoa beans as stocks pile up

Africanews (in English)

Ivory Coast to buy all unsold cocoa beans as stocks pile up  Ivory Coast says it will buy the entire volume of cocoa stockpiled by the country’s cooperatives in order to ensure producers are paid. The news comes as cocoa fell to its lowest price in two years.  READ MORE : http://www.africanews.com/2026/01/21/ivory-coast-to-buy-all-unsold-cocoa-beans-as-stocks-pile-up  Subscribe on our Dailymotion channel and receive all the latest news from the continent.    Africanews is available in English and French.  Website : www.africanews.com  Facebook : https://www.facebook.com/africanews.channel/  Twitter : https://twitter.com/africanews

Transcript

00:00Ivory Coast will buy the entire volume of cocoa stockpiled by the country's cooperatives

00:05in order to ensure producers are paid.

00:08The news comes as cocoa fell to its lowest price in two years.

00:13The cocoa industry accounts for 14% of Ivory Coast's GDP,

00:17but slowing exports have left stocks piling up.

00:21Now the government is stepping in.

00:24The chosen strategy is simple and effective.

00:30The government will primarily rely on credible, solid and structured national operators

00:37who will conduct purchasing and collection operations in collaboration with their traditional partners,

00:43notably shredders, multinationals and international exporters.

00:51Ivory Coast is the world's largest cocoa producer

00:54and one in five people in the country relies on the industry to make a living.

01:00In the last year, the price of cocoa has fallen by about $5 a kilo.

01:055.

01:065.

01:075.

01:076.

01:085.

01:087.

01:096.

01:106.

Category

Transcript

Comments

Recommended