date:May 30, 2014
et improved planting materials, fertilizers and training by 2020.
Regulators in Ivory Coast -- the Conseil Cafe-Cacao, created in 2011 -- and the Ghana Cocoa Board, also called Cocobod, determine the fixed compensation paid to growers, or farmgate price, to ensure fairness and spur production.
The Ivorian government gave cocoa farmers a raise in 2013-14 as futures prices in London climbed almost 20% in the seven months through Oct. 1, when the season started. Under the new regime, growers are