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Ivory Coast
Local cocoa firms battle for slice of sustainable beans pie

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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 Groupement des Négociants Ivoiriens (GNI), which brings together the main national cocoa traders in Ivory Coast, has undertaken to convince the government to introduce a mandatory percentage of certified sustainable beans in the 20% of international contracts reserved for them. [...]

Published on 13/06/2023 at 05:40 GMT

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Commodity traders

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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Ivory Coast
Africa Sourcing
Bamba Mamadou
Cargill
Ecookim
Groupement des negociants ivoiriens
Groupement professionnel des exportateurs de café et de cacao de Côte d'Ivoire
Kineden
Lionel Soulard
Loic Folloroux
Malick Tohe
Sonemat
Stephane Apoque

Ivory Coast
Conseil Café-Cacao declares war on cocoa operators with Lebanese ties

Yves Koné, the head of the cocoa industry watchdog, has suspended the operations of several cooperatives that are suspected of buying and reselling beans above the regulated price.

Free access Commodity traders 17.05.2024

Yves Brahima Koné, head of the Conseil Café-Cacao, in Abidjan on 2 April 2024.

Ivory Coast
Local cocoa exporters are short of beans

Ivorian cocoa exporters like Africa Sourcing, Kineden and Ecookim have been unable to match the terms offered by the big international groups, who have tripled planters' bonuses. They have managed to execute only 40% of the contracts they signed for the 2023-2024 season.

Subscribers only Commodity traders 12.12.2023

Ivory Coast
On a visit to Brussels, Conseil Café Cacao revives battle with EU

Ivorian cocoa industry leaders have met European officials to demand recognition of their traceability system and an increase in the subsidy for sustainable cocoa. If it's not granted, they are threatening to continue blocking forward sales.

Subscribers only Commodity traders 15.09.2023

Ivory Coast
Abidjan stings Cargill with hefty tax fine

Faced with a tax adjustment of over CFA Francs 100bn, the US group, the largest exporter of Ivorian cocoa beans, is trying to negotiate with the Ivorian authorities through the US Chamber of Commerce in Ivory Coast.

Subscribers only Commodity traders 21.06.2023

Ivory Coast
Worried Ivorian cocoa traders turn to Ouattara for help

Local cocoa exporters are experiencing significant supply issues and may not manage to honour the contracts that expire when the main 2022-2023 harvest ends this month. Citing lack of action from the cocoa regulatory board, they are asking the president to step in.

Subscribers only Commodity traders 23.02.2023

In Focus | Ivory Coast
Loïc Folloroux, son of Ivorian first lady and behind-the-scenes cocoa trader

Loïc Folloroux, the son of Ivory Coast first lady Dominique Ouattara and owner of Africa Sourcing, has been an effective advocate and a major beneficiary of regulations favouring local players in the country's vital cocoa trade.

Subscribers only Commodity traders 30.01.2023

The discreet businessman Loïc Folloroux, son of First Lady Dominique Ouattara, has established himself in recent decades as the leading local bean trader.

Ivory Coast
Ouattara’s circle stakes claim to share of cocoa business

After the recent liquidation of GNI, Loix Folloroux, Dominique Ouattara’s son, has established a new entity designed to capture a percentage of Ivory Coast’s cocoa wealth.

Subscribers only Business 15.07.2015

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Ivory Coast
Africa Sourcing
Bamba Mamadou
Cargill
Ecookim
Groupement des negociants ivoiriens
Groupement professionnel des exportateurs de café et de cacao de Côte d'Ivoire
Kineden
Lionel Soulard
Loic Folloroux
Malick Tohe
Sonemat
Stephane Apoque

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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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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 declares war on cocoa operators with Lebanese ties

Ivory Coast Local cocoa exporters are short of beans

Ivory Coast On a visit to Brussels, Conseil Café Cacao revives battle with EU

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Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Ivory Coast
Local cocoa firms battle for slice of sustainable beans pie

Ivory Coast
Conseil Café-Cacao declares war on cocoa operators with Lebanese ties

Ivory Coast
Local cocoa exporters are short of beans

Ivory Coast
On a visit to Brussels, Conseil Café Cacao revives battle with EU

Ivory Coast
Abidjan stings Cargill with hefty tax fine

Ivory Coast
Worried Ivorian cocoa traders turn to Ouattara for help

In Focus | Ivory Coast
Loïc Folloroux, son of Ivorian first lady and behind-the-scenes cocoa trader

Ivory Coast
Ouattara’s circle stakes claim to share of cocoa business