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Sharp drop in cocoa prices hits producers

Industry group urges members to coordinate production strategies to confront price crisis

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Abundant rain mixed with sunny spells last week in most of Ivory Coast's main cocoa-growing regions boosted prospects for the upcoming main crop in the world's top producer, farmers said on Monday.

Abidjan

THE world's cocoa-growing countries must coordinate production strategies to confront a sharp drop in global prices that has hit farmers and government coffers hard, the chairman of the International Cocoa Organization (ICCO) said on Monday.

Bumper crops around the world

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