Ivory Coast could emulate Ghana by cutting the price paid to farmers for their cocoa beans, Reuters reported Thursday citing government sources. <\/p>\n
Ghana said last week it was cutting the price paid to farmers by nearly 30 percent to 41,000 cedis (around $3,700) per tonne of cocoa. <\/p>\n
Authorities said the move was needed to stabilise the sector which has struggled due to a fall in global cocoa prices. <\/p>\n
Reuters reported that an Ivorian inter-ministerial committee had met over the issue. <\/p>\n
The farmgate price is set at the start of the harvest season. <\/p>\n
But falling prices have left the country’s agency charged with buying up cocoa beans behind on payments to farmers and stuck with stock it has been unable to sell. <\/p>\n
Ivory Coast and Ghana together account for about 60% of global output of cocoa.<\/p>\n","protected":false},"excerpt":{"rendered":"Ivory Coast could emulate Ghana by cutting the price paid to farmers for their cocoa beans, Reuters reported…\n","protected":false},"author":2,"featured_media":435650,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-435649","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/435649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=435649"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/435649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/435650"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=435649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=435649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=435649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}