10/13/08
 Monday, 13 October 2008, 23:08

:. Food Industry News







Ivory Coast Cuts Cocoa Industry Levies by 60 pct

Source: Reuters
13/10/2008
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Abidjan, Oct 13 - Ivory Coast's interim cocoa sector management committee cut levies to fund industry bodies for the 2008/2009 season on Friday by more than 60 percent to 10.06 CFA ($0.02) per kg, from 25.26 CFA last season, it said.

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This year's levy will finance the management committee, replacing levies which funded the Coffee and Cocoa Bourse (BCC) and other administrative bodies brought under the management committee's control after a graft probe.

The single export tax (DUS) was unchanged at 220 CFA/kg as was the port registration tax at 10 percent of the cost, insurance & freight (CIF) value.







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Jean-Louis Kayitenkore
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