Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Ivory Coast Sets Up 40 Billion-Franc Cocoa Stabilization Fund

Ivory Coast, the world’s biggest cocoa grower, has set up a stabilization fund designed to make sure farmers will receive a minimum price for their beans.

President Alassane Ouattara signed a decree establishing the fund, which already contains 29 billion CFA francs ($54 million), government spokesman Bruno Kone told reporters in Abidjan, the commercial capital, today.

The government plans to increase the fund to 40 billion francs before the main harvesting season begins on Oct. 1, Kone said. The fund will not hold more than 70 billion francs, he said.

The reserve is part of industry reforms that include selling the future harvest through twice-weekly auctions before the start of the crop season. The fund is meant to mitigate the risks of the pre-selling system for purchasers, who have to agree on a price months before the delivery of the beans, according to the government.

Under the new plan, buyers must pay farmers a minimum cocoa price equal to 60 percent of the international price as of Oct. 1, the government said when the policy was announced last year.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.