Ivorian cocoa prices rise as farmers hold back beans

Business Recorder (Sep. 26, 2012) | Cocoa prices across most of Ivory Coast’s main growing regions were higher last week as farmers held back beans in anticipation of an initiative starting next month to fix a government-guaranteed farmgate price, farmers and buyers said. The 2012/13 season in the world’s top grower opens on October 1 under a sweeping reform of the sector aimed at assuring farmer incomes and encouraging reinvestment in ageing plantations.