Cameroon has raised the fixed farmgate price it pays to cocoa farmers to 1,500 CFA francs per kilogram for the 2023/2024 season, trade minister Luc Magloire Mbarga Atangana said on Thursday
Cameroon is hiking prices by 25%.
Cameroon has raised the fixed farmgate price it pays to cocoa farmers to 1,500 CFA francs per kilogram for the 2023/2024 season, in increase of one quarter from the 1,200 CFA francs set for last season, trade minister Luc Magloire Mbarga Atangana said on Thursday. Milk chocolate typically has a minimum of 25% cocoa mass, and dark chocolate has a far higher proportion of cocoa.
London cocoa futures on the Intercontinental Exchange steadied on Thursday, having hit a 46-year peak above R70 000 per metric ton in the previous session.
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