Ivory Coast president affirms commitment to $2,600/T cocoa floor price
ABIDJAN, Aug 6 (Reuters) - Ivory Coast and Ghana will not
sell cocoa from the 2020-21 crop for less than $2,600 per tonne,
Ivorian President Alassane Ouattara said on Tuesday, affirming
his country's resolve to stick to a deal with Ghana to
The two West African neighbours joined forces in June to
impose a floor price for cocoa of $2,600 per tonne and a live
income differential (LID) of $400 per tonne.
"We will not sell the 2020-21 crop for below $2,600 per
tonne," Ouattara said in a televised address.
He also said he wanted the guaranteed price for farmers to
return to 2015 levels of 1,000 CFA francs per kilogramme from
the current level of 750 CFA francs.
"We will raise the cocoa price on Oct. 1," he said, in
reference to this farmgate price.
(Reporting by Loucoumane Coulibaly; writing by Alessandra
Prentice; Editing by Sonya Hepinstall)
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