Arab Today, arab today icoast world cocoa talks to address supply concerns
Last Updated : GMT 00:26:33
Arab Today, arab today
Arab Today, arab today

I.Coast world cocoa talks to address supply concerns

Arab Today, arab today

Arab Today, arab today I.Coast world cocoa talks to address supply concerns

Abidjan - AFP

Ivory Coast on Tuesday hosts world players in the cocoa business for a conference on how to face up to the challenges posed by soaring demand. The London-based International Cocoa Organisation (ICCO) organised what it says is the first World Cocoa Conference to discuss a sustainable future for the industry in the face of growing demand. \"There is real concern in the industry,\" ICCO executive director Jean-Marc Anga told AFP, referring to what he said was a structural deficit in supply. He said demand remained strong in Europe and North America and was exploding in emerging countries such as China or India, but \"supply isn\'t following.\" More than 1,000 delegates including government representatives, industry executives, traders and producers will gather at the country\'s economic capital, Abidjan, for the four-day gathering. The conference is of particular interest to Ivory Coast, which is the world\'s biggest producer of cocoa. It also marks the country\'s return to the international stage, as the west African nation slowly picks itself up after a decade of turmoil under former president Laurent Gbagbo, who was forced from power last year after a disputed election escalated into clashes and left some 3,000 people dead. Anga said Africa in particular was a key area for the cocoa industry, with countries there expected to produce 70 percent of the world cocoa output for 2011-2012 that the ICCO estimates at nearly four million tonnes. But in Africa, \"there is a certain loss of interest on the part of producers,\" Anga warned. Ageing orchards are not being replaced as quickly as needed, and neither is the ageing workforce, he said. And the younger generation is turning its back on a job that is tedious and whose practices have not been updated in decades. Instead, they are opting for crops that provide a steadier income, such as rubber and palm oil. \"In 50 years or a century we may not have any more cocoa,\" said June Naga Coulibaly, secretary general of the Cocoa Producers\' Alliance (COPAL). To some, however, the prediction is too gloom and doom, particularly as global prices remain \"relatively low\" despite this \"anguished cry,\" according to cocoa expert Francois Ruf from France\'s Centre for International Cooperation in Agronomic Research for Development (CIRAD). World cocoa prices hit three-month lows a couple weeks ago, with cocoa for December falling to $2,340 (1,830 euros) a tonne from $2,435 a week earlier on New York\'s NYBOT-ICE exchange, for example. And despite an uptick in prices last week after Ivory Coast President Alassane Ouattara dissolved the government, analysts said the rise was not indicative of a trend. \"We regard the price rise to be merely temporary in nature\" and \"view fears of supply shortfalls as unfounded,\" said Commerzbank analyst Carsten Fritsch. Still, Ruf applauds the initiatives launched by the industry, programmes that have proliferated in the last decade and include farmer training and lessons in better agricultural practices. Efficiency aside, quality is also a growing concern for the industry at a time when consumers are more predisposed than ever to \"organic\" and \"fair trade\" labels and other certifications. Anga, the ICCO head, said there is a need to coordinate all the industry initiatives, hence the conference. He hopes that at its outset the private sector and government representatives will sign on to industry reforms. Key issues to be addressed include sustainability, farmer wages, certification and child labour -- areas the Ivory Coast has some experience in, after the International Monetary Fund and the World Bank set reform of the cocoa sector as a condition for the country\'s debt relief. Ivory Coast has about 35 percent of the world cocoa market, and cocoa and coffee account for 40 percent of its export revenue and 20 percent of its gross national product. The second-biggest cocoa producer is neighbouring Ghana, followed by Indonesia.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today icoast world cocoa talks to address supply concerns Arab Today, arab today icoast world cocoa talks to address supply concerns

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today icoast world cocoa talks to address supply concerns Arab Today, arab today icoast world cocoa talks to address supply concerns

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday