(Ecofin Agency) - At the end of the 2017/2018 cocoa campaign, Côte d’Ivoire’s cocoa producers generated CFA1,356 billion, Lambert Kouassi Konan (photo), president of the country’s cocoa-coffee council, announced during the national cocoa and chocolate day (Journées nationales du cacao et du chocolat -JNCC) held in Abidjan from September 28 to October 3.

Summarising the campaign, the official indicated that the cumulated cocoa purchases declared reached 1,938,436 tons against 1,977,770 tons during the 2016/2017 campaign.

For the 2018/2019 campaign, the farm gate price has been set to CFA750. In addition, the government introduced a 1.5% tax on the insurance and freight fees of each kilogram of cocoa bought by buyers. Let’s note that this tax had been canceled two seasons earlier to boost producers’ revenues.

Espoir Olodo