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Ivory Coast
Ouattara campaigns on cocoa price in Akan country

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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. [...]

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. [...]

Published on 17/09/2020 at 06:00 GMT Reading time 2 minutes

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Commodity traders, Politics

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
Brahima Koné
Cargill
Conseil Cafe Cacao
Henri Konan Bedie
Olam
Parti Democratique de Cote d'Ivoire

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.

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.

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
French banks lose out on cocoa business

The Conseil Café Cacao (CCC) is no longer holding its revenues with the Ivorian branches of French banks, preferring instead to use African establishments as a matter of course.

Subscribers only Finance, Commodity traders, Business 24.09.2020

Ivory Coast
Presidential election: Adama Bictogo, the real driver of Alassane Ouattara's campaign

While the role of Alassane Ouattara's presidential campaign manager should be officially awarded to Prime Minister Hamed Bakayoko, behind the scenes it is the executive director of the presidential party, Adama Bictogo, who will be behind the steering wheel.

Subscribers only Politics 15.09.2020

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Alassane Ouattara
Brahima Koné
Cargill
Conseil Cafe Cacao
Henri Konan Bedie
Olam
Parti Democratique de Cote d'Ivoire

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Ivory Coast
Ouattara campaigns on cocoa price in Akan country

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 follows up on cocoa price increases with national preference quota plan

Africa
Cacao producers' revolt spills over into coffee industry

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

Ivory Coast
French banks lose out on cocoa business

Ivory Coast
Presidential election: Adama Bictogo, the real driver of Alassane Ouattara's campaign

Ivory Coast
The palace dashes Saf Cacao's hopes

Ivory Coast
Bitter-tasting cocoa for the CCC

Ivory Coast
Cocoa: Cargill leaves its French competitors trailing

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Indigo Publications' websites

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Indigo Publications' websites

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Ivory Coast Ouattara campaigns on cocoa price in Akan country

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 follows up on cocoa price increases with national preference quota plan

Africa Cacao producers' revolt spills over into coffee industry

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

Ivory Coast French banks lose out on cocoa business

Ivory Coast Presidential election: Adama Bictogo, the real driver of Alassane Ouattara's campaign

Ivory Coast The palace dashes Saf Cacao's hopes

Ivory Coast Bitter-tasting cocoa for the CCC

Ivory Coast Cocoa: Cargill leaves its French competitors trailing

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
Ouattara campaigns on cocoa price in Akan country

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

Africa
Cacao producers' revolt spills over into coffee industry

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

Ivory Coast
French banks lose out on cocoa business

Ivory Coast
Presidential election: Adama Bictogo, the real driver of Alassane Ouattara's campaign

Ivory Coast
The palace dashes Saf Cacao's hopes

Ivory Coast
Bitter-tasting cocoa for the CCC

Ivory Coast
Cocoa: Cargill leaves its French competitors trailing