Canada markets closed

Cocoa Sep 22 (CC=F)

ICE Futures - ICE Futures Delayed Price. Currency in USD
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2,442.00+10.00 (+0.41%)
As of 01:29PM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2022-09-15
Last Price2,432.00
Day's Range2,420.00 - 2,467.00
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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.