As global cocoa prices plummet, Côte d'Ivoire considers implementing quarterly price reviews

Reuters, citing people familiar with the discussions, reported that more frequent adjustments would increase flexibility and allow the world's largest producer to better align with global markets. More frequent assessments would help ease the burden on the Coffee and Cocoa Council. The Council is under enormous pressure, having been forced to draw more than 280 billion West African CFA francs (approximately $499 million) from its funds to purchase unsold cocoa beans from farmers and store them in warehouses. Expand