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Ivory Coast
Olam loses its cocao crown

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. [...]

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. [...]

Published on 20.04.2021 at 05:00 GMT

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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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Africa Sourcing
Amer
Barry Callebault
Cargill West Africa
Cemoi
Dominique Ouattara
Lakiss
Loic Folloroux
Olam
Omais
Outspan Ivoire
Saco
Saf Cacao
Societe agricole du cafe-cacao
Societe de commercialisation de cafe cacao
SUCDEN
Touton

Ivory Coast
Ouattara struggles to implement preference for national cacao suppliers

Ivory Coast has new rules that oblige international operators to award 20% of their cocoa bean supply contracts with confectionary manufacturers to Ivorian producers. But the sector's foreign giants have still dominated over local players in the 2021-2022 cocoa harvest.

Subscribers only Commodity traders, Business 14.12.2021

Rwanda
Singaporean palm oil giant Wilmar encroaches on compatriot Olam's patch

Less than three months after a high-ranking delegation from the Indo-Singaporean agribusiness giant Olam visited Rwanda, the chairman and CEO of its Singaporean rival Wilmar, Kuok Khoon Hong, met with the Rwandan president Paul Kagame on 21 June.

Subscribers only Commodity traders, Business 24.06.2021

Mozambique
Mauritian ETG hungry for cashews after Olam's exit

Export Trading Group, an agricultural conglomerate registered in Mauritius and owned by the Patel family, is making moves on Mozambique's cashew nuts, up for grabs since the departure of agrifood giant Olam.

Subscribers only Commodity traders, Business 19.05.2021

Ivory Coast
Cocoa unions resist rolling blackout plans

For weeks frequent power cuts have put pressure on the country and industry unions have held several meetings with the ministry of energy to review its rolling blackout plan.

Subscribers only Energy, Commodity traders, Business 14.05.2021

An employee of the Ivory Coast Electricity Company (CIE) at a hydroelectric dam station.

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

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

Cameroon
With Atlantic Cement, Koné Dossongui wants to muscle in on Dangote's patch

Not content with building a cement works in Abidjan in partnership with China's Jiangsu Pengfei, Ivorian businessman Bernard Koné Dossongui's Atlantic is now planning to set up a factory in Douala, a stronghold of Nigerian giant Dangote Cement.

Subscribers only Business 15.02.2021

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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Africa Sourcing
Amer
Barry Callebault
Cargill West Africa
Cemoi
Dominique Ouattara
Lakiss
Loic Folloroux
Olam
Omais
Outspan Ivoire
Saco
Saf Cacao
Societe agricole du cafe-cacao
Societe de commercialisation de cafe cacao
SUCDEN
Touton

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Ivory Coast
Olam loses its cocao crown

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 struggles to implement preference for national cacao suppliers

Rwanda
Singaporean palm oil giant Wilmar encroaches on compatriot Olam's patch

Mozambique
Mauritian ETG hungry for cashews after Olam's exit

Ivory Coast
Cocoa unions resist rolling blackout plans

Ivory Coast
Beijing hijacks Ouattara's 'cocoa revolution'

Legal wrangle stirs up the cosy cocoa community

Cameroon
With Atlantic Cement, Koné Dossongui wants to muscle in on Dangote's patch

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

Set up email notifications for these topics

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Indigo Publications' websites

Africa The sensational rise and spectacular fall of Pefaco casino and hotels

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Ivory Coast Olam loses its cocao crown

West African cocoa cartel battles with the traders

This article may be accessed by subscribers

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West African cocoa cartel battles with the traders

Set up email notifications for these topics

Ivory Coast Ouattara struggles to implement preference for national cacao suppliers

Rwanda Singaporean palm oil giant Wilmar encroaches on compatriot Olam's patch

Mozambique Mauritian ETG hungry for cashews after Olam's exit

Ivory Coast Cocoa unions resist rolling blackout plans

Ivory Coast Beijing hijacks Ouattara's 'cocoa revolution'

Legal wrangle stirs up the cosy cocoa community

Cameroon With Atlantic Cement, Koné Dossongui wants to muscle in on Dangote's patch

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

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Africa
The sensational rise and spectacular fall of Pefaco casino and hotels

Nigeria
Fertiliser giants Indorama and Dangote in murky waters over urea shortage

Ivory Coast
Olam loses its cocao crown

Ivory Coast
Ouattara struggles to implement preference for national cacao suppliers

Rwanda
Singaporean palm oil giant Wilmar encroaches on compatriot Olam's patch

Mozambique
Mauritian ETG hungry for cashews after Olam's exit

Ivory Coast
Cocoa unions resist rolling blackout plans

Ivory Coast
Beijing hijacks Ouattara's 'cocoa revolution'

Cameroon
With Atlantic Cement, Koné Dossongui wants to muscle in on Dangote's patch

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