Cocoa Growers Will Work Together on Strategy to Fight Rout
- Nations will coordinate production strategies: ICCO chairman
- ‘We are in a crisis, in a price crisis,’ Valverde says
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Cocoa-growing countries will fight a price rout by banding together and coordinating production strategies, the chairman of the International Cocoa Organization said.
The nations are also planning to promote local consumption of chocolate, the ICCO’s Luis Valverde told reporters Monday in Abidjan, Ivory Coast’s commercial capital. He was speaking after an emergency meeting held by members of the group after a dramatic tumble for prices.