Top cocoa producers Ivory Coast and Ghana need to control supplies and join forces with other producing countries if they want to achieve higher prices, the head of the International Cocoa Organisation said.
South Africa’s Adcock Ingram said on Wednesday its first-half profit dropped 14.6% as fewer elective surgeries and doctor visits during the COVID-19 pandemic hit demand for its surgical instruments and branded prescription drugs.
South Africa could spend up to R19.3 billion ($1.33 billion) over the next three years to vaccinate most of its population, the Treasury said on Wednesday, in a “difficult balancing act” meant to contain COVID-19 while avoiding a debt spiral.
The International Monetary Fund (IMF) said on Tuesday it had agreed a blueprint for the completion of reviews of Ethiopia’s loan programme, taking account of the impact of the coronavirus and the country’s “domestic security situation”.
Ivory Coast’s cocoa regulator is seeking to sell around 100 000 tons of cocoa held by domestic traders who had bought the beans from farmers but lack access to the international export market, industry sources said on Monday.