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Sharp drop in cocoa prices hits producers

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

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.


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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