Cocoa cartel's Brussels boycott signals higher prices

  • The world's leading cocoa producers, Cote d'Ivoire and Ghana, shunned the global cocoa meeting in Belgium

  • This signals a strengthening of the emerging cocoa bloc, the CIGCI, with Nigeria and Cameroon both looking to join

  • The bloc's unified power (70% of global supply) implies higher cocoa prices, which is positive for the producers
November 4th, 2022
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