• Short Summary

    Cocoa producers form Third World countries decided to press for a higher guaranteed price when they met representatives from western consuming nations in London, UK, on Thursday (27 March).

  • Description

    1.
    GV Sacks of cocoa being loaded onto ships at port of Abidjan, Ivory Coast
    0.08

    2.
    SV Sacks of cocoa being unloaded from trucks
    0.16

    3.
    CU Sacks if cocoa with bane stamped on them "Products of Ivory Coast"
    0.21

    4.
    SV Sacks of cocoa being loaded onto ship
    0.26

    5.
    GV Lorries waiting to unload cocoa
    0.30

    6.
    GV Crowds waiting at Yamoussoukro airport
    0.37

    7.
    SV President Ahmadou Ahidjo of Cameroun stepping down from aircraft and greeted by President Felix Houphouet-Boigny of Ivory Coast
    0.46

    8.
    SV President Omar Bongo of Gabon out of plane and greeted by Houphouet-Boigny
    0.56

    9.
    SV President Gnassingbe Eyadema of Togo out of aircraft and greeted by Houphouet-Boigny
    1.04

    10.
    SV Dr Hilla Liman President of Ghana, out of aircraft and greeted by Houphouet-Boigny
    1.17

    11.
    SV President Alhaji Shehu Shagari of Nigeria out of plane and greeted by Houphouet-Boigny (2 shots)
    1.30

    12.
    GV Presidents review guard of honour
    1.38

    13.
    GV Of conference building where summit being held
    1.44

    14.
    SV Flags of participating countries
    1.47

    15.
    SV INTERIOR President Houphouet-Boigny taking his seat next to give visiting presidents
    1.57

    16.
    GV Delegates seated in hall
    2.00

    17.
    SV Nigerian President Shagari speaking in English with presidents and delegates listening (7 shots)
    2.53


    TRANSCRIPT: Shagari: "As you are aware, our organisation, the Cocoa Producers' Alliance, has since 1979 been preoccupied with one burning issue, the renegotiation of the 1975 International Cocoa agreement.



    Since 1979 so many meetings have been held between producers and consumers with a view to (indistinct) and harmonising the positions of both parties. It is rather sad to note that up to today there's not been any meaningful progress in the negotiation with the consumers because of their selfish attitudes".





    Initials gb/





    Script is copyright Reuters Limited. All rights reserved

    Background: Cocoa producers form Third World countries decided to press for a higher guaranteed price when they met representatives from western consuming nations in London, UK, on Thursday (27 March). The price of a chocolate bar has been going up for years, the cocoa producers say, but the price of cocoa - of which ninety per cent is used in chocolate manufacture - has dropped by half since the peak of between 1976 and 1977 of 6,600 dollars (about 3,300 pounds sterling) a tonne.

    SYNOPSIS: This is the port of Abidjan in the Ivory Coast - the world's major producer and exporter of cocoa. The country's annual production comes to over three-hundred thousand tons. after a drastic downward trend in the price o cocoa towards the end of last year (1979) the Ivory Coast was forced to stop exporting and to stockpile the harvest which had begun in October (1979).

    A summit meeting of six cocoa producing nations began at Yamoussoukro in the Ivory Coast on Monday (24 March). President Felix Houphouet-Boigny greeted the first arrival, President Ahmadou Ahidjo of Cameroun.

    The next African leader to arrive for the summit was President Omar Bongo of Gabon President Gnassingbe Eyadema of Togo flies in for talks aimed at pushing up cocoa prices on world markets.

    Another arrival was the Ghanian leader, President Hilla Liman.

    Last to be greeted by Mr Houhouet-Boigny was President Alhaji Shehu Shagari of Nigeria. At the end of their two-day conference in the Ivory Coast, the six nations agreed on proposals which included stock-piling cocoa to keep prices high enough to cover production costs and provide profits.

    The summit conference also decided to seek more control over funds which are at present in the hands of the International Cocoa Organisation. The six nations have launched a campaign to offset the effects of price speculators on world markets which they say are damaging their economic development. President Shagari of Nigeria spoke about this problem:

  • Tags

  • Data

    Film ID:
    VLVA11857M2EVUBKVFM8PZGB1ZC6W
    Media URN:
    VLVA11857M2EVUBKVFM8PZGB1ZC6W
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    27/03/1980
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:02:53:00
    Time in/Out:
    /
    Canister:
    N/A

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