Transport Infrastructure
Ivory Coast cocoa regulator restricts transport permits to ease congestion in ports and boost cocoa sales
The Ivory Coast Cocoa Regulator has limited the issuances of transport permits of cocoa beans only to the ports of Abidjan or San Pedro in order to reduce congestion and to ensure that farmers receive their guaranteed farmgate prices, said its managing director on Tuesday. Kone, the director of the Coffee and Cocoa Council, explained that the congestion in exporter's factories at the beginning of the season led to a false impression of excess production. This caused bean purchases to slow down and pushed farmgate prices well below the guaranteed levels. He said that in October and November, the backlog...