Cameroon takes over presidency of International Cocoa Council, praised for support for farmers

Published Sep 25, 2024

Tridge summary

Cameroon has been elected to lead the International Cocoa Council (ICCO) for the 2024/2025 season, recognition of its efforts to represent the interests of cocoa farmers globally. As the world's fourth largest cocoa producer, Cameroon significantly influences the global market. The country has seen record sales prices, achieving revenue of CFA488.8 billion in the last season. Additionally, Cameroon has signed a cocoa purchase agreement with a major chocolate industry player. The ICCO presidency provides Cameroon with a unique opportunity to advocate for sustainable practices in the cocoa sector.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cameroon has been elected to lead the International Cocoa Council (ICCO) for the 2024/2025 season, following a vote among cocoa-producing countries on 20 September. The decision, which will be formally announced during the 110th ICCO session, to be held from 23 to 26 September in Abidjan, Côte d’Ivoire, highlights the growing global recognition of Cameroon’s efforts to defend the interests of cocoa farmers. According to the Ministry of Commerce, the country has been praised for its initiatives to promote fair compensation for farmers, helping to strengthen the supply chain. Strategic Importance of the Election Cameroon’s leadership in this position is seen as crucial to defining new strategies that ensure the sustainability of the global cocoa market. The country, which is the world’s fourth largest producer, with an output of around 300,000 tonnes in the 2023-2024 season, shares significant influence in the sector with other African powerhouses such as Nigeria, Ghana and Ivory ...

Source: Mercado Do Cacau