Major chocolate traders in Ivory Coast are failing to pay a $400-per-tonne premium on beans aimed at curbing farmer poverty, the country’s cocoa regulator said in a draft letter seen by Reuters on Friday. The Coffee and Cocoa Council (CCC) said companies including Mondelēz International Inc(MDLZ.O) were offsetting the Living Income Differential (LID) by offering a negative country differential – normally a premium of 70 to 150 pounds ($99-$212) per tonne to reflect the quality of Ivory Coast’s beans. Mondelēz said it was paying the full LID. “(Mondelēz) does not offer or have any influence over negative country differentials,” the company said in a statement to Reuters. Buyers have been pressing for the country differential to be turned into a country discount, so farmers receive the extra...
A student of Ekiti State University (EKSU) Ado-Ekiti, was caught with fetish items while allegedly trying to use his roommate for money ritual. The student who identified himself as Saheed Adeniran, was said to have been caught by some persons that exposed him in a video trending online. According to the video, the incident occurred in Ifaki-Ekiti, Ido-Osi Local Government Area of the state. From Ado-Ekiti, the Ekiti State capital, Ifaki-Ekiti is a town after Iworoko-Ekiti in Irepodun/Ifelodun Local Government Area. Iworoko-Ekiti is a town next to Ekiti State University (EKSU), Ado-Ekiti. The items found in possession of Adeniran in the video are : clothes, wrapper, two calabashes (one covered with a lid, the other, a small-sized bottle gourd) and a native pot covered with a lid. When cont...
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