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Ivory Coast
Cacao giants battle with CCC, while 45,000 tonnes of beans wait outside Abidjan port

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“West African cocoa cartel battles with the traders”

Ghana, Ivory Coast

West African cocoa cartel battles with the traders

By jointly introducing a premium of $400 per tonne on cocoa beans in autumn 2020, Ivory Coast and Ghana were seeking to ensure that cocoa producers' revenues were maintained. In so doing, however, they sparked off an open war with the big commodity traders, who have since taken steps to get round the measure and avoid paying the premium. This battle of wills has paralysed a sector which has already been badly affected by Covid-19 and speeded up the transformation of the trading sector, encouraging Ghana and Ivory Coast to trade their cocoa beans on their own account. [...]

The head of the powerful coffee and cacao board Yves Brahima Koné has blocked over 1,200 cargos handled by Cargill, Olam and Barry Callebaut as a squabble over this season's cocoa price drags on. [...]

Published on 03/12/2020 at 05:00 GMT Reading time 2 minutes

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Commodity traders, Business

Read this article in our running story

“West African cocoa cartel battles with the traders”

Ghana, Ivory Coast

West African cocoa cartel battles with the traders

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Barry Callebault
Brahima Koné
Cargill
Conseil Cafe Cacao
Lionel Soulard
Olam
Yves

Ivory Coast
Ouattara follows up on cocoa price increases with national preference quota plan

The big agricultural trading houses, which are still resisting the minimum pricing system introduced by Ivory Coast and Ghana last year, now risk seeing their share of the chocolate market reduced in favour of their Ivorian competitors.

Subscribers only Commodity traders, Business 08.02.2021

Ivorian President Alassane Ouattara on World Cocoa Day, 1 October 2020.

Ivory Coast
Ouattara wants to bypass traders on the Chinese front

As it struggles to make cocoa traders pay the premium introduced last year in conjunction with Ghana, Ivory Coast is preparing to take its own steps in trading by opening a marketing office in China.

Subscribers only Commodity traders, Business 11.01.2021

Alassane Ouattara, on National Cocoa and Chocolate Day, in November 2020.

Africa
Cacao producers' revolt spills over into coffee industry

Africa's coffee producers would like to impose the same demands on multinationals as Ghana and Ivory Coast have done on cacao but are struggling to coordinate their efforts. Their battle has everyone involved, from the Fine Coffees Association to the International Coffee Organization.

Subscribers only Commodity traders, Business 15.12.2020

Coffee berries being sorted in a Kenyan processing plant.

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Barry Callebault
Brahima Koné
Cargill
Conseil Cafe Cacao
Lionel Soulard
Olam
Yves

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West African cocoa cartel battles with the traders

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West African cocoa cartel battles with the traders

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Indigo Publications' websites

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Ivory Coast Cacao giants battle with CCC, while 45,000 tonnes of beans wait outside Abidjan port

West African cocoa cartel battles with the traders

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West African cocoa cartel battles with the traders

Set up email notifications for these topics

Ivory Coast Ouattara follows up on cocoa price increases with national preference quota plan

Ivory Coast Ouattara wants to bypass traders on the Chinese front

Africa Cacao producers' revolt spills over into coffee industry

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Set up email notifications for these topics

About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

Cameroon, Central African Republic
Between business and politics, the secrets of Antoine Ndzengue's rise

Ivory Coast
Cacao giants battle with CCC, while 45,000 tonnes of beans wait outside Abidjan port

Ivory Coast
Ouattara follows up on cocoa price increases with national preference quota plan

Ivory Coast
Ouattara wants to bypass traders on the Chinese front

Africa
Cacao producers' revolt spills over into coffee industry

Ivory Coast
Audited by IMF, Conseil Café Cacao suddenly becomes virtuous

Ivory Coast
French banks lose out on cocoa business

Ivory Coast
Local cocoa traders squeezed out