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The Independent UK
The Independent UK
National
Via AP news wire

Ivory Coast will buy unsold cocoa stocks as prices plunge

Ivory Coast Cocoa - (Copyright 2024 The Associated Press. All rights reserved)

Ivory Coast, the world’s top cocoa producer, said it will buy unsold cocoa stocks to keep exports flowing and ensure farmers are paid, as global prices have plunged in recent months.

Since October, falling global cocoa prices in the West African country have slowed exports, causing unsold stocks to build up.

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