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Ivory Coast
RockWinds and Africa Sourcing's spat over €5m cocoa investment bounces back in Paris

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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 dispute between Matthew Stolz's RockWinds trading company and its former Ivorian partner Africa Sourcing, which is claiming back €5m RockWinds invested in cocoa futures, has already been arbitrated in London but is now the subject of proceedings at a Paris court. [...]

Published on 11/01/2022 at 05:40 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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Africa Sourcing
BGFI
Dominique Ouattara
Fédération du commerce des cacaos
First City Monument Bank
Ghana International Bank
Loic Folloroux
Matthew Stolz
Niche Cocoa Industry
RockWinds

Ivory Coast
Loic Folloroux loses another round to RockWinds in marathon cocoa court case

The Bordeaux Court of Appeal has upheld a first instance ruling in the multi-million euro dispute between the French-Ivorian trader and the Bordeaux-based firm.

Subscribers only Commodity traders 18.04.2023

Cameroon
Wheat price hike threatens to spark mill war

In the midst of a wheat price boom, prominent entrepreneur and head of Cameroon employers' federation, Célestin Tawamba, has shut down his La Pasta flour mill in an attempt to obtain a tax break on imported cereals and to try to change the regulated price of flour.

Subscribers only Commodity traders, Business 15.02.2022

President of the Groupement inter-patronal du Cameroun Célestin Tawamba.

Inner circles | South Africa
The behind-the-scenes power players at the redoubtable Department of Mineral Resources and Energy

The Department of Mineral Resources and Energy is used to making the headlines in the South African press over its management of the country's electricity supply network. It also plays a crucial role, however, in the functioning of South Africa's tentacular mining sector.

Subscribers only Mining 21.05.2021

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Africa Sourcing
BGFI
Dominique Ouattara
Fédération du commerce des cacaos
First City Monument Bank
Ghana International Bank
Loic Folloroux
Matthew Stolz
Niche Cocoa Industry
RockWinds

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Ivory Coast
RockWinds and Africa Sourcing's spat over €5m cocoa investment bounces back in Paris

West African cocoa cartel battles with the traders

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West African cocoa cartel battles with the traders

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Loic Folloroux loses another round to RockWinds in marathon cocoa court case

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Indigo Publications' websites

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Ivory Coast RockWinds and Africa Sourcing's spat over €5m cocoa investment bounces back in Paris

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 Loic Folloroux loses another round to RockWinds in marathon cocoa court case

Cameroon Wheat price hike threatens to spark mill war

Inner circles | South Africa The behind-the-scenes power players at the redoubtable Department of Mineral Resources and Energy

Africa, Morocco, Switzerland Amid Ramadan demand surge, grain trader Millcorp supplies Morocco via Switzerland

Legal wrangle stirs up the cosy cocoa community

Guinea Heeney Capital takes a shine to gold mining in Siguiri

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

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

Senegal
Guns and oil drive Russia's Dakar courtship

Ivory Coast
RockWinds and Africa Sourcing's spat over €5m cocoa investment bounces back in Paris

Ivory Coast
Loic Folloroux loses another round to RockWinds in marathon cocoa court case

Cameroon
Wheat price hike threatens to spark mill war

Inner circles | South Africa
The behind-the-scenes power players at the redoubtable Department of Mineral Resources and Energy

Africa, Morocco, Switzerland
Amid Ramadan demand surge, grain trader Millcorp supplies Morocco via Switzerland

Guinea
Heeney Capital takes a shine to gold mining in Siguiri