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Ivory Coast's CCC denies it plans to cancel cocoa contracts

Men work on cocoa beans at SAF CACAO, an export firm in San-Pedro, Ivory Coast January 29, 2016. REUTERS/Thierry Gouegnon (Reuters)

ABIDJAN (Reuters) - Ivory Coast's Coffee and Cocoa Council (CCC) marketing board denied on Wednesday that it plans to cancel around 300,000 tonnes of cocoa contracts on the verge of default and resell them. Reuters reported on the plan, revealed by a CCC official and finance ministry source, on Tuesday. [nL5N1F74P6] "The Coffee and Cocoa Council would like to absolutely deny this information, which lacks any founding," the CCC said in a statement. (Reporting by Joe Bavier; editing by Susan Thomas)