Ivory Coast, Ghana pricing agreement causing a 'spike in cocoa cost' - Mondelez

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Ivory Coast, Ghana pricing agreement causing a 'spike in cocoa cost' - Mondelez
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A new cocoa pricing mechanism announced by top growers Ivory Coast and Ghana ear...

FILE PHOTO: A billboard is pictured during a meeting between officials from Ivory Coast and Ghana with industry executives in Abidjan, Ivory Coast, July 3, 2019 REUTERS/Thierry Gouegnon/File Photo

“It is fair to say that given some of the proposals that are coming out of Cote D’Ivoire and Ghana, there is a spike in cocoa cost,” said Luca Zaramella, chief financial officer of the Illinois-headquartered maker of Oreo cookies.

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