Commodities
Ivory Coast Eyes Quarterly Price Reviews Amid Global Cocoa Crash
Cocoa beans in a warehouse in San-Pedro, Ivory Coast, in 2023.
Photographer: Paul Ninson/BloombergIvory Coast is considering quarterly reviews of its domestic cocoa price as it looks to adjust to the huge slump in the international market and keep its beans competitive.
Currently, the nation’s industry regulator Le Conseil du Cafe-Cacao reviews the farmgate price twice a year. The more frequent adjustments would boost flexibility and align the world’s top producer better with the global market, according to people familiar with discussions.