Delegates from the six countries in the Cocoa-producing Alliance met in Lome, Togo, on Thursday (October 11th) for their 21st General Assembly.
Delegates from the six countries in the Cocoa-producing Alliance met in Lome, Togo, on Thursday (October 11th) for their 21st General Assembly. It was their first meeting since an international agreement on price levels was concluded in Geneva earlier this year.
The members of the Alliance are Brazil, Cameroun, Ivory Coast, Ghana, Nigeria and Togo. The president of the Alliance, M. Abdculaye Fadiga from the Ivory Coast, said they should make every effort to recruit new cocoa-producing members. Mr. Jean Tevi, Togolese Minister for Trade and Industry emphasised that the Geneva agreement should be an instrument for co-operation among the cocoa-producing countries.
The main aim of the Geneva agreement was to establish a minimum and a maximum price for cocoa exports. This has been extremely difficult because world commodity prices have been rising with unparalleled rapidity and currency exchange rates have been altering.