cocoa industry in Ivory Coast - updates

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Ivory Coast must overhaul key cocoa sector – World Bank

Jul 11, 2019 - 10:45 PM

'Despite its importance to the Ivorian economy and society, the cocoa sector is not playing its role as the engine of economic development,' says the World Bank

Women sort cocoa beans at a cocoa exporter's in Abidjan, on July 3, 2019. - In June key producers Ivory Coast and Ghana threatened to stop selling their production to buyers unwilling to meet a minimum price of $2,600 per tonne. The two African nations -- which together account for 60 percent of the world's cocoa production -- want to end a situation where cocoa producers make only $6 billion in a global chocolate market worth around $100 billion. (Photo by Sia KAMBOU / AFP)