“The most profitable item last year. Manufacturers resort to smuggling through low purchasing prices on April 19, 14:30 Share: CODE-D’IVAR is the world’s largest cocoa-bean manufacturer (photo: Mediumtrip) COP-D’IVAR, the world’s largest cocoa manufacturer, confiscated 594 tonnes of smuggling cocoa. About it writes Bloomberg. According to the words of the executive secretary of the National Security Council Fidel Sarassoro, security operations”, – WRITE ON: ua.news
Kot-D’Ivar is the world’s largest cocoa bean manufacturer (photo: Mediumtrip)
Kot-D’Ivar, the world’s largest cocoa manufacturer, has confiscated 594 tons of smuggling cocoa beans as part of their efforts to limit illegal trade in this culture.
Bloomberg writes about it.
According to the executive secretary of the National Security Council Fidel Sarassoro, the operations on safety, started at the beginning of the harvest of Cocoa in October, also led to the arrest of 34 people and confiscation of “heavy equipment”.
“Many years of low labor for farmers who grow cocoa has contributed to smuggling to neighboring countries, where the market is not so rigid, and cocoa prices are much higher, ”the publication reads. -“Cat-D’Ivar and Ghana, who produce about half of the world cocoa, have taken measures to combat smuggling to countries such as Liberia, Guinea and that. Measures include raising farmers’ wages and strengthening safety. “
As it was reported, the cat-d’Ivar raised the price he pays farmers for cocoa beans, against the background of the expectations of a smaller crop, slightly reducing the lag from the world market.
An intermediate crop in the COD’IVARA is expected due to adverse weather conditions will be less than last year, and the start of the harvest is also projected slowly, although the rains can accelerate its harvesting.
According to the results of 2024, the strongest increase in prices among all world assets showed cocoa beans, ahead of other leaders-bitcoins and US stock market.
The rise in prices has occurred against the background of the largest cocoa bean deficit in the last 60 years.
The key factor in the shortage was the adverse weather in COP-D’IVAR, which is their largest world manufacturer.