UPDATE 1-Industry doubts remain over I.Coast, Ghana cocoa floor price [Reuters]
Mondelez International, Inc. - Class A (MDLZ)
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Source: Reuters
Industry doubts remain over Ivory Coast, Ghana cocoa floor price - Reuters 3 Min Read ABIDJAN/JOHANNESBURG (Reuters) - Ivory Coast and Ghana - the world’s leading cocoa producers - failed on Wednesday to come to an agreement with the chocolate industry over how to introduce a new floor price for their exports. The West African neighbors said last month they would fix a minimum price of $2,600 per tonne (free-on-board) that chocolate companies must pay from the 2020/21 season if they want to access their more than 60% share of global supply. Cocoa regulators from the two countries met with industry representatives in Ivory Coast’s commercial capital Abidjan to discuss the details of the plan. Companies represented included Hershey, Mars Inc., Blommer Chocolate, Cemoi, SucDen, Mondelez International , Touton, Barry Callebaut, Cargill [CARGIL.UL], Olam International and Ecom Trading. The floor price is meant to ease pervasive farmer poverty that has become a blight on chocolate’s image a
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MDLZ
Earnings
- 1/30/24 - Beat
MDLZ
Sec Filings
- 4/12/24 - Form PX14A6G
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- MDLZ's page on the SEC website