This is a good sign to creat stability of pricing and supply of cocoa . The primary production by the farmer is helped by them having stable revenue expectancy.
“Ivory Coast, the world’s biggest cocoa producer, will ensure that farmers get a minimum price for their beans, said Agriculture Minister Mamadou Sangafowa Coulibaly.
“At least 50 percent of the price will go to the farmers,” he told reporters today in Abidjan, the commercial capital. The plan is among a set of cocoa-industry reforms aimed at curbing smuggling between Ivory Coast and neighboring Ghana, he said.
The West African nation also plans to increase processing of beans to as much as 50 percent of the harvest from about 35 percent currently, Coulibaly said. More details on changes will be announced at a later date, he said.”