14 November 2012

West African Countries Produce 70 Percent of World Cocoa

International Cocoa Council (ICCO), on Wednesday said that four West African countries, Nigeria, Cote d'Ivoire, Ghana and Cameroon, produce more than 70 per cent of cocoa used in the world.

This is contained in the IICO Press Guide made available to the News Agency of Nigeria (NAN) in Abidjan,

It stated that the sector generates about 13 billion dollars annually, while the end product of cocoa, chocolate attracts a turnover of 105 billion dollars.

According to the press guide, Ghana and Cote d'Ivoire constitute 60 per cent world production of cocoa, out of the 50 countries that cultivate the commodity.

The IICO said that Cote d'Ivoire will be hosting the first World Cocoa Conference from Nov. 19 to 23. It said that the conference would focus on providing solutions to some of the challenges of the world trade in cocoa.

It said that President Alassane Ouattara was scheduled to open the ceremony on Nov. 20, after an exhibition on Nov. 19. The conference, tagged: "Unifying for a Durable World Cocoa Economy" will be held at Hotel Ivoire in Abidjan.

NAN reports that Cote d'Ivoire is proposing hosting the international headquarters of cocoa producers following its position as the largest world producer. Cocoa is the mainstay of Cote d'Ivoire, contributing more than 40 per cent to its GDP.

Some expected participants in the conference include Thierry Tanoh, the Director General of the Ecobank Group and Richard Houghton, the President of the International Cocoa Council.

Copyright © 2012 Leadership. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.