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Ivory Coast
Cocoa traders with RHDP ties given second chance for 2021 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. [...]

Though ignored by the Conseil Café Cacao on 11 September, cocoa traders close to the ruling RHDP have been given a second chance. [...]

Published on 20/10/2020 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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Agro West
Hamed Bakayoko
Malick Tohe
Nicolas Djibo
Rassemblement des Houphouetistes pour la Democratie et la Paix
SACC
Sonemat
Yves Brahima Kone
Zoumana Bakayoko

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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Agro West
Hamed Bakayoko
Malick Tohe
Nicolas Djibo
Rassemblement des Houphouetistes pour la Democratie et la Paix
SACC
Sonemat
Yves Brahima Kone
Zoumana Bakayoko

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Cocoa traders with RHDP ties given second chance for 2021 season

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West African cocoa cartel battles with the traders

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Indigo Publications' websites

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Ivory Coast Cocoa traders with RHDP ties given second chance for 2021 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

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Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

Cameroon, Central African Republic
Between business and politics, the secrets of Antoine Ndzengue's rise

Ivory Coast
Cocoa traders with RHDP ties given second chance for 2021 season

Ivory Coast
Ouattara wants to bypass traders on the Chinese front

Africa
Cacao producers' revolt spills over into coffee industry

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

Ivory Coast
Audited by IMF, Conseil Café Cacao suddenly becomes virtuous

Ivory Coast
French banks lose out on cocoa business

Ivory Coast
Charity begins at home for Covid-19 funds

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Cocoa traders close to power receive fillip