ABIDJAN Aug 30 Ivory Coast cocoa exporters
rejected a price structure proposed by the Coffee and Cocoa
Council (CCC) regulator for the 2013/14 season, saying it
underestimated the cost of doing business, and have called for
government mediation, sources said on Friday.
The main cocoa exporters -- including Cargill, ADM
, OLAM and Armajaro -- have called for an
increase of 27 CFA francs per kilo in the price structure from
last year to take into account additional costs, notably in
terms of transport and taxation.
"We are asking for a 27 CFA franc increase in next season's
benchmark because the costs were underestimated so much last
year," said the head of one international cocoa exporter based
in Abidjan. "We are asking for costs to be adjusted to the
reality on the ground for the 2013/2014 season."