Cocoa, coffee farmers seek African bloc, $6,000 floor price to end foreign control (opens original article in a new tab)

Cocoa and coffee farmers in Africa are pushing for a unified producers' bloc and a minimum floor price of $6,000 per metric tonne to reduce reliance on foreign commodity exchanges and improve bargaining power.

• COCEFAAA calls for a unified African cocoa producers' bloc and a $6,000 per metric tonne floor price
• The association aims to reduce dependence on London and New York commodity exchanges for cocoa pricing
• Côte d'Ivoire and Ghana's cooperation is cited as a model for expanding into a continental framework