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Ivory Coast
Cocoa regulator's credibility on line over 2023-2024 season

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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. [...]

Preparing bags of cocoa beans on an Ivorian farm, October 2023. © Legnan Koula/EFE/Newscom/MaxPPP

The cocoa selling season in Ivory Coast is turning into a fiasco for the Conseil Café Cacao, which traders have accused of promising non-existent quantities of beans. [...]

Published on 16/11/2023 at 05:40 GMT Reading time 2 minutes

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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
Barry-Callebaut
Cargill
Conseil Cafe Cacao
Olam
Tene Birahima Ouattara
Touton
Vagondo Diomande
Yves Brahima Kone

Ivory Coast
Local cocoa traders granted a year's reprieve

The Conseil Café Cacao has granted Ivorian operators more time to fulfil their purchasing contracts.

Subscribers only Commodity traders 21.08.2024

Ivory Coast
French security firm GEOS to keep watch on port of Abidjan

The private security provider has won a major contract to handle security at the logistics hub, a vital part of the West African economy.

Subscribers only Defence 11.04.2024

The port of Abidjan in Ivory Coast on 12 January 2024.

Ivory Coast
Cargill loses its cocoa pole position

The American trading giant is now only the third-largest exporter of beans from Ivory Coast.

Subscribers only Commodity traders 14.03.2024

Ivory Coast
Ouattara won't play ball over rising CAN 2023 costs

Ivory Coast's PM has rejected a new call for additional funding from the Organising Committee of the African Cup of Nations. This decision comes as President Ouattara is privately annoyed by the football tournament's considerable cost overruns.

Subscribers only Politics 13.12.2023

Ghana, Ivory Coast
Abidjan and Accra cross swords over cocoa

The difficult marketing campaign for the 2023-2024 harvest is undermining cooperation between the two West African giants in the sector.

Subscribers only Commodity traders 05.12.2023

Ivory Coast
Cocoa: Abidjan faces boycott from trading giants after sales open

Having just opened advance sales for the 2024-2025 harvest, the Conseil Café Cacao is now facing a refusal from the major traders to match the prices set by Abidjan.

Subscribers only Commodity traders 31.10.2023

A farmer works with cocoa beans at a farm in Adzope town, southern Ivory Coast, 13 October 2023.

Ivory Coast
Abidjan keeps up cocoa pressure on Brussels

As the start of the 2023-2024 cocoa season approaches, the Conseil Café-Cacao is stepping up pressure on the EU by continuing its blockade of forward sales of cocoa beans.

Subscribers only Commodity traders 28.09.2023

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
Foreign cocoa exporter success fuels local discontent

The major foreign traders were the winners in Ivory Coast's main cocoa bean harvest that has just ended. This has heightened tension between the big players such as Cargill and local exporters, who blame foreign competitors for their supply difficulties.

Subscribers only Commodity traders 20.04.2023

A bag of cocoa beans stamped "Conseil du café-cacao" in Ivory Coast.

Ivory Coast
Cargill granted extra cocoa beans quota

Despite the Cocoa and Coffee Council's decision in February to limit sales to large traders, the head of the US trading giant's regional office was able to bargain for an additional quota of around 10,000 tonnes of cocoa beans, of which Cargill is the Ivory Coast's largest exporter.

Subscribers only Commodity traders 13.03.2023

A farm worker with cacoa beans at a farm in Ivory Coast.

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

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Ivory Coast
Barry-Callebaut
Cargill
Conseil Cafe Cacao
Olam
Tene Birahima Ouattara
Touton
Vagondo Diomande
Yves Brahima Kone

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Ivory Coast
Cocoa regulator's credibility on line over 2023-2024 season

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
Local cocoa traders granted a year's reprieve

Ivory Coast
French security firm GEOS to keep watch on port of Abidjan

Ivory Coast
Cargill loses its cocoa pole position

Ivory Coast
Ouattara won't play ball over rising CAN 2023 costs

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Abidjan and Accra cross swords over cocoa

Ivory Coast
Cocoa: Abidjan faces boycott from trading giants after sales open

Ivory Coast
Abidjan keeps up cocoa pressure on Brussels

Ivory Coast
Abidjan stings Cargill with hefty tax fine

Ivory Coast
Foreign cocoa exporter success fuels local discontent

Ivory Coast
Cargill granted extra cocoa beans quota

Ivory Coast
Worried Ivorian cocoa traders turn to Ouattara for help

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Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

Senegal Guns, gold and oil drive Russia's Dakar courtship

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West African cocoa cartel battles with the traders

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Ivory Coast Cocoa regulator's credibility on line over 2023-2024 season

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 Local cocoa traders granted a year's reprieve

Ivory Coast French security firm GEOS to keep watch on port of Abidjan

Ivory Coast Cargill loses its cocoa pole position

Ivory Coast Ouattara won't play ball over rising CAN 2023 costs

Ghana, Ivory Coast Abidjan and Accra cross swords over cocoa

Ivory Coast Cocoa: Abidjan faces boycott from trading giants after sales open

Ivory Coast Abidjan keeps up cocoa pressure on Brussels

Ivory Coast Abidjan stings Cargill with hefty tax fine

Ivory Coast Foreign cocoa exporter success fuels local discontent

Ivory Coast Cargill granted extra cocoa beans quota

Ivory Coast Worried Ivorian cocoa traders turn to Ouattara for help

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns, gold and oil drive Russia's Dakar courtship

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

Ivory Coast
Cocoa regulator's credibility on line over 2023-2024 season

Ivory Coast
Local cocoa traders granted a year's reprieve

Ivory Coast
French security firm GEOS to keep watch on port of Abidjan

Ivory Coast
Cargill loses its cocoa pole position

Ivory Coast
Ouattara won't play ball over rising CAN 2023 costs

Ghana, Ivory Coast
Abidjan and Accra cross swords over cocoa

Ivory Coast
Cocoa: Abidjan faces boycott from trading giants after sales open

Ivory Coast
Abidjan keeps up cocoa pressure on Brussels

Ivory Coast
Abidjan stings Cargill with hefty tax fine

Ivory Coast
Foreign cocoa exporter success fuels local discontent

Ivory Coast
Cargill granted extra cocoa beans quota

Ivory Coast
Worried Ivorian cocoa traders turn to Ouattara for help