Cocoa: Ghana, Côte d'Ivoire Harmonise Prices

Ghana and Côte d'Ivoire recently signed an agreement to protect their cocoa producers by defending their interests in the world market, reports said. The two countries account for 60 per cent of the world's cocoa output, though fluctuations in prices on the international market were marked by a fall of about 20 per cent in 2017. They also committed to harmonise cocoa marketing policies and announce every year in a concomitant manner - before buying season - the price to pay cocoa producers. They will also intensify research cooperation for the production of cocoa plants, improvement of plant varieties, and also implement a regional programme to fight against the swollen shoot disease.

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