Colosseum a.s. (Colosseum a.s.)
Commodities  |  October 05, 2012 12:43:28

Cocoa production in West Africa should be increased

ColosseumFarmers in Côte d'Ivoire, in this season 2012/13 cocoa per kilogram should receive a minimum guaranteed price 725 francs ($ 1.43), which is almost 9 percent more compared to the average price výkupnej being achieved in the past year. Government has decided to introduce a system of the guaranteed prices výkupnej In order to support agricultural production in the country. It is expected that farmers will invest more in fertilizers and chemical spray, allowing it to increase profitability kakaovníkov. The December cocoa contract yesterday fell to Intercontinental Exchange by 1 percent to 2395 USD per tonne, which is the lowest price since the end of August.

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