By RFIPalled on 17-07-2019Modified on 17-07-2019 at 14:49

After the showdown, Côte d'Ivoire and Ghana are back on the global cocoa market. A month ago, the world's two major bean producers announced in a shocking statement that they were suspending the sale of their 2020-2021 crops. They wanted to weigh on world prices and get better compensation from their producers and seem to have won their case.

On June 12 in Accra, Ghana and Ivory Coast were suspending their cocoa sales for the next season until an agreement on a floor price was found. The stated objective, one year after the elections in these two countries, was to better pay planters.

The actors of the sector then found themselves on July 3 in Abidjan, Côte d'Ivoire. Industrialists and traders were offered a mechanism to compensate for price fluctuations. A differential of $ 400 per tonne granted to the producer when the price falls below $ 2,600 per tonne , and paid into a stabilization fund when the price exceeds that price.

40% of the world's cocoa is Ivorian

They do not jump in joy when the mechanism is presented to them, but can not openly oppose a better remuneration of producers. The communiqué of the Ivorian CCC and the Ghana Cocoa Board evokes " long deliberations " at the meeting of Abidjan.

Five million people live on cocoa in Côte d'Ivoire, which alone accounts for 40% of global production , but new clouds are hovering over the sector. In the United States, two senators ask the Department of Internal Security to block imports of Ivorian cocoa related to child labor. Two million children work in cocoa in West Africa. In 2018, the United States imported more than $ 600 million worth of Ivorian beans.

►B (re) listen: Cocoa: Ghana and Cote d'Ivoire join forces to demand a floor price

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