Cocoa Sep 22 (CC=F)
| Pre. Settlement | N/A |
| Settlement Date | 2022-09-15 |
| Open | 2,433.00 |
| Bid | 2,439.00 |
| Last Price | 2,432.00 |
| Day's Range | 2,420.00 - 2,467.00 |
| Volume | |
| Ask | 2,441.00 |
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- Reuters
Ivory Coast, Ghana to publish cocoa premium to highlight price shortfall
From the end of May, Ivory Coast and Ghana will publish every month the premium paid by chocolate-makers and cocoa merchants for high-quality cocoa in a bid to achieve a minimum floor price for the benefit of farmers, a joint statement said on Tuesday. The two West African countries, which together produce more than 60% of the world's cocoa, have struggled to ensure a living wage in the sector, where low prices encourage deforestation and child labour. The countries' cocoa boards said buyers had been negotiating down the so-called origin differential since the introduction of another premium to support farmers in 2019.
