ABIDJAN – Cocoa farmgate prices in most of Ivory Coast's major growing regions were stable to higher last week on strong international price levels and domestic supply concerns, farmers and buyers said on Tuesday.
A purchasing manager at an Abidjan-based international cocoa export firm said the average price at the port of Abidjan was between 820 CFA francs ($1.54) and 850 CFA francs per kilogramme, from 850 CFA per kg the previous week.
"The prices have held firm due to the world market. Buying activity is calm, but there are still a few exporters asking for product," said the manager, who asked not to be named.
"Starting next week, things could pick up, because there's a new season that is going to start with new arrangements that need to be put in place," he said.
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