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

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

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. [...]

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

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. [...]

Published on 08/02/2021 at 06:00 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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Alassane Ouattara
Barry Callebault
Cargill
China Haisum Engineering
European Union
International Monetary Fund
Olam
SUCDEN
World Bank
Yves Brahima Kone

Ivory Coast
Conseil Café Cacao resumes contact with World Bank

The Ivorian government is back in talks with the World Bank with a view to obtaining $300m in funding for industry regulator Conseil Café Cacao.

Subscribers only Commodity traders 12.12.2022

Ghana, Ivory Coast
Why West African producers snubbed World Cocoa Foundation meeting

The business and political leaders of Ivory Coast and Ghana's cocoa sectors did not attend the partnership meeting between the world's chocolate producers in Brussels this week. Their aim was to put pressure on European decision-makers working on new supply standards.

Subscribers only Commodity traders 28.10.2022

Inner circles | Ghana, Ivory Coast
New cocoa initiative still far cry from Ouattara and Akufo-Addo's chocolate heaven

The Ivory Coast-Ghana Cocoa Initiative (ICCIG), based in Accra since September 2021 and headed by the experienced Ivorian Alex Assanvo, is struggling to bring multinationals on board. It is also trying to persuade the two regulatory bodies to radically shift their priorities.

Subscribers only Commodity traders 29.07.2022

Alex Pierre-Arnaud Assanvo, secretary-general of the Ivory Coast Ghana Cocoa Initiative.

Ivory Coast
Ivorian cocoa industry leaders receive last-minute invite to Johannesburg

A business forum is being organised in Johannesburg to promote partnerships between South Africa and Ivory Coast during Ivory Coast President Alassane Ouattara's South African visit of 18 to 22 July to his counterpart Cyril Ramaphosa.

Subscribers only Commodity traders, Diplomacy 20.07.2022

West Africa
Abidjan and Accra allied against multinationals in new cocoa war

The heads of Ghana Cocobod and Ivory Coast's Conseil Café Cacao were in Accra last week to refine their joint strategy in the face of the industry's trading giants and industrialists, who are considering diversifying their supplies elsewhere.

Subscribers only Commodity traders 12.07.2022

Document | Ivory Coast
EU ambassador Jobst Von Kirchmann plays lobbyist for international cocoa giants

The EU ambassador in Ivory Coast has questioned in a official letter the legality of a new measure which forces cocoa multinationals to reserve 20% of their contracts for Ivorian partners - an intervention that has greatly irked the Ivorian authorities.

Subscribers only Commodity traders, Business 26.11.2021

The European Union's ambassador to Ivory Coast Jobst Von Kirchmann.

Africa, Kenya
European Investment Bank bolsters its presence in Africa

Werner Hoyer, President of the European Investment Bank, is expected in Nairobi as part of the creation of the European institution's first regional hub on the continent. The Bank is implementing a new strategy to increase its presence in Africa.

Free access Finance, Business 19.11.2021

The President of the European Investment Bank, Werner Hoyer.

Ivory Coast
Beijing hijacks Ouattara's 'cocoa revolution'

The Ivorian presidency is keen to spread the country's wings as a cocoa trader in its own right. But China has been quick to clip them.

Subscribers only Commodity traders, Business 06.05.2021

Ivory Coast
Olam loses its cocao crown

The first buying period for the 2020-21 cocoa season ended on 31 March and initial results show a major rebalancing between the main buyers. Agri-business behemoth Olam lost the pole position it had held among buyers of Ivorian beans since 2016 to US firm Cargill West Africa.

Subscribers only Commodity traders, Business 20.04.2021

Legal wrangle stirs up the cosy cocoa community

FCC, the all-powerful cocoa regulatory body, is due in the next month to rule on a dispute between one of its active committee members, the trader and founder of the RockWinds trading company Matthew Stolz, and the Ivorian firm Africa Commodities.

Subscribers only 19.02.2021

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.

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

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.

Subscribers only Commodity traders, Business 03.12.2020

Ivory Coast
RHDP bigwig Youssouf Soumahoro sparks ire with weights and measures monopoly

Côte d'Ivoire Métrologie, the company of former minister Youssouf Soumahoro which has a monopoly on weights and measures throughout the country, has outraged farmers and the business community by sending its prices through the roof.

Subscribers only Commodity traders, Business 21.10.2020

Ivory Coast
Ouattara campaigns on cocoa price in Akan country

In his efforts to secure his re-election, the Ivorian president, who is due in Yamoussoukro next month, hopes to win over the Akan people, who are traditionally more inclined to vote for his rival Henri Konan Bédié, by subsidising the price of cocoa beans, the main crop in Akan counties.

Subscribers only Commodity traders, Politics 17.09.2020

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Alassane Ouattara
Barry Callebault
Cargill
China Haisum Engineering
European Union
International Monetary Fund
Olam
SUCDEN
World Bank
Yves Brahima Kone

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Ivory Coast
French investigation sends tremors through Abidjan's political class

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

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
Conseil Café Cacao resumes contact with World Bank

Ghana, Ivory Coast
Why West African producers snubbed World Cocoa Foundation meeting

Inner circles | Ghana, Ivory Coast
New cocoa initiative still far cry from Ouattara and Akufo-Addo's chocolate heaven

Ivory Coast
Ivorian cocoa industry leaders receive last-minute invite to Johannesburg

West Africa
Abidjan and Accra allied against multinationals in new cocoa war

Document | Ivory Coast
EU ambassador Jobst Von Kirchmann plays lobbyist for international cocoa giants

Africa, Kenya
European Investment Bank bolsters its presence in Africa

Ivory Coast
Beijing hijacks Ouattara's 'cocoa revolution'

Ivory Coast
Olam loses its cocao crown

Legal wrangle stirs up the cosy cocoa community

Ivory Coast
Ouattara wants to bypass traders on the Chinese front

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

Ivory Coast
RHDP bigwig Youssouf Soumahoro sparks ire with weights and measures monopoly

Ivory Coast
Ouattara campaigns on cocoa price in Akan country

Set up email notifications for these topics

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Indigo Publications' websites

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

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 Conseil Café Cacao resumes contact with World Bank

Ghana, Ivory Coast Why West African producers snubbed World Cocoa Foundation meeting

Inner circles | Ghana, Ivory Coast New cocoa initiative still far cry from Ouattara and Akufo-Addo's chocolate heaven

Ivory Coast Ivorian cocoa industry leaders receive last-minute invite to Johannesburg

West Africa Abidjan and Accra allied against multinationals in new cocoa war

Document | Ivory Coast EU ambassador Jobst Von Kirchmann plays lobbyist for international cocoa giants

Africa, Kenya European Investment Bank bolsters its presence in Africa

Ivory Coast Beijing hijacks Ouattara's 'cocoa revolution'

Ivory Coast Olam loses its cocao crown

Legal wrangle stirs up the cosy cocoa community

Ivory Coast Ouattara wants to bypass traders on the Chinese front

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

Ivory Coast RHDP bigwig Youssouf Soumahoro sparks ire with weights and measures monopoly

Ivory Coast Ouattara campaigns on cocoa price in Akan country

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Ivory Coast
French investigation sends tremors through Abidjan's political class

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

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

Ivory Coast
Conseil Café Cacao resumes contact with World Bank

Ghana, Ivory Coast
Why West African producers snubbed World Cocoa Foundation meeting

Inner circles | Ghana, Ivory Coast
New cocoa initiative still far cry from Ouattara and Akufo-Addo's chocolate heaven

Ivory Coast
Ivorian cocoa industry leaders receive last-minute invite to Johannesburg

West Africa
Abidjan and Accra allied against multinationals in new cocoa war

Document | Ivory Coast
EU ambassador Jobst Von Kirchmann plays lobbyist for international cocoa giants

Africa, Kenya
European Investment Bank bolsters its presence in Africa

Ivory Coast
Beijing hijacks Ouattara's 'cocoa revolution'

Ivory Coast
Olam loses its cocao crown

Ivory Coast
Ouattara wants to bypass traders on the Chinese front

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

Ivory Coast
RHDP bigwig Youssouf Soumahoro sparks ire with weights and measures monopoly

Ivory Coast
Ouattara campaigns on cocoa price in Akan country