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Ivory Coast
Cargill loses its cocoa pole position

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

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

Published on 14/03/2024 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

Set up email notifications for these topics

Ivory Coast
Africa Sourcing
Barry Callebaut
Cargill
Cargill West Africa
Conseil Cafe Cacao
Ecookim
Kineden
Lionel Soulard
Loic Folloroux
Mamadou Bamba
Olam
Olam Cocoa Processing
Omais
Outspan Ivoire
Patrick Achi
Saco
Societe de commercialisation de cafe cacao
Stephane Apoque
Touton
Yves Brahima Kone

Ivory Coast
Ouattara abolishes tax exemptions for multinational cocoa manufacturers operating locally

Multinationals that own cocoa bean processing plants in Ivory Coast will no longer benefit from a tax exemption on the droit unique de sortie (DUS, single exit tax), the main state tax on exports.

Subscribers only Commodity traders 02.12.2024

Ivory Coast
Cocoa industry watchdog tightens price controls

With Ivorian traders accusing international firms of overpaying for their cocoa, the industry regulator, Conseil Café-Cacao, led by Yves Brahima Koné, is looking into the matter. The Groupement des Négociants Ivoiriens is also holding talks.

Subscribers only Commodity traders 29.10.2024

Ivory Coast
Ouattara puts cashew nut regulator under presidency's control

Ouattara has deprived Adama Coulibaly, chair of the CCA, of most of his powers. From now on, Yves Brahima Koné, who heads the Conseil Café Cacao, will oversee the country's second-largest agricultural sector.

Subscribers only Commodity traders 24.06.2024

Ivory Coast
Cocoa: CCC chairman Yves Brahima Koné extends season for traders

Ivory Coast's cocoa and coffee regulator, the Conseil Café Cacao, is poised to further extend the purchasing contracts of bean exporters who were unable to fulfil them during the season running between 1 October to 30 March.

Subscribers only Commodity traders 19.06.2024

Ivory Coast
Cocoa traders fall foul of Alassane Ouattrara's emergency export ban

By opting to prioritise the needs of the grinding plants of the large international groups, the Ivorian president has caused problems for local traders who no longer have the right to export unprocessed beans.

Subscribers only Commodity traders 12.06.2024

Inner circles | Cameroon, Ghana, Ivory Coast, Nigeria
Michel Arrion, the cocoa diplomat with a global network

Executive director of the International Cocoa Organisation since January 2019 and triumphantly re-elected last December, the Belgian ambassador has managed to revive an ageing body and open it up to the private sector and NGOs.

Subscribers only Commodity traders 07.06.2024

Michel Arrion, the executive director of the International Cocoa Organization (ICCO), in Abidjan, Ivory Coast, on 15 May 2019.

Ivory Coast
Conseil Café-Cacao to compensate exporters for unfulfilled contracts

The regulatory body has given in to traders' demands for compensation for cocoa purchasing contracts that were not executed during the season ending 31 March because of the poor harvest.

Subscribers only Commodity traders 13.05.2024

Ivorian minister of agriculture Kobenan Kouassi Adjoumani (left) and Yves Brahima Koné, director general of the Conseil Café-Cacao, in Abidjan, 2 April 2024.

Cameroon
Deforestation: Trade minister advocates for Cameroonian cocoa sector in Brussels

Trade Minister Luc Magloire Atangana visited Brussels from 19 to 26 April to defend the interests of the cocoa industry in Cameroon, which is a middleweight producer compared to heavyweights like Ivory Coast and Ghana.

Subscribers only Commodity traders 07.05.2024

Ivory Coast
Coffee and cocoa board boss gives multinationals some respite

Yves Brahima Koné, the head of the Conseil Café-Cacao, has decided to calm relations between his organisation and exporters who have been unable to fulfil their contracts for the main harvest season.

Subscribers only Commodity traders 10.04.2024

Angola
Mota-Engil to begin farming cocoa in Cabinda

Mamaland, a subsidiary of Portuguese construction giant Mota-Engil, is ramping up its efforts to farm "brown gold" in the enclave, as the world's two main exporters, Ghana and Ivory Coast, have had weak harvests.

Subscribers only Commodity traders 01.04.2024

Ivory Coast
Cargill and Barry Callebaut cocoa plants may grind to halt

Most of the major traders had anticipated a production drop of between 20% and 25%. However, almost 50% of the volumes sold by the Conseil Café-Cacao will not materialise before the end of the 2023-2024 harvest.

Subscribers only Commodity traders 02.02.2024

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

Set up email notifications for these topics

Ivory Coast
Africa Sourcing
Barry Callebaut
Cargill
Cargill West Africa
Conseil Cafe Cacao
Ecookim
Kineden
Lionel Soulard
Loic Folloroux
Mamadou Bamba
Olam
Olam Cocoa Processing
Omais
Outspan Ivoire
Patrick Achi
Saco
Societe de commercialisation de cafe cacao
Stephane Apoque
Touton
Yves Brahima Kone

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Ivory Coast
Cargill loses its cocoa pole position

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 abolishes tax exemptions for multinational cocoa manufacturers operating locally

Ivory Coast
Cocoa industry watchdog tightens price controls

Ivory Coast
Ouattara puts cashew nut regulator under presidency's control

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Cocoa: CCC chairman Yves Brahima Koné extends season for traders

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Cocoa traders fall foul of Alassane Ouattrara's emergency export ban

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Conseil Café-Cacao to compensate exporters for unfulfilled contracts

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Indigo Publications' websites

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West African cocoa cartel battles with the traders

Ivory Coast Cargill loses its cocoa pole position

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 abolishes tax exemptions for multinational cocoa manufacturers operating locally

Ivory Coast Cocoa industry watchdog tightens price controls

Ivory Coast Ouattara puts cashew nut regulator under presidency's control

Ivory Coast Cocoa: CCC chairman Yves Brahima Koné extends season for traders

Ivory Coast Cocoa traders fall foul of Alassane Ouattrara's emergency export ban

Inner circles | Cameroon, Ghana, Ivory Coast, Nigeria Michel Arrion, the cocoa diplomat with a global network

Ivory Coast Conseil Café-Cacao to compensate exporters for unfulfilled contracts

Cameroon Deforestation: Trade minister advocates for Cameroonian cocoa sector in Brussels

Ivory Coast Coffee and cocoa board boss gives multinationals some respite

Angola Mota-Engil to begin farming cocoa in Cabinda

Ivory Coast Cargill and Barry Callebaut cocoa plants may grind to halt

Ivory Coast Local cocoa exporters are short of beans

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

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

Ivory Coast Abidjan stings Cargill with hefty tax fine

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
Cargill loses its cocoa pole position

Ivory Coast
Ouattara abolishes tax exemptions for multinational cocoa manufacturers operating locally

Ivory Coast
Cocoa industry watchdog tightens price controls

Ivory Coast
Ouattara puts cashew nut regulator under presidency's control

Ivory Coast
Cocoa: CCC chairman Yves Brahima Koné extends season for traders

Ivory Coast
Cocoa traders fall foul of Alassane Ouattrara's emergency export ban

Inner circles | Cameroon, Ghana, Ivory Coast, Nigeria
Michel Arrion, the cocoa diplomat with a global network

Ivory Coast
Conseil Café-Cacao to compensate exporters for unfulfilled contracts

Cameroon
Deforestation: Trade minister advocates for Cameroonian cocoa sector in Brussels

Ivory Coast
Coffee and cocoa board boss gives multinationals some respite

Angola
Mota-Engil to begin farming cocoa in Cabinda

Ivory Coast
Cargill and Barry Callebaut cocoa plants may grind to halt

Ivory Coast
Local cocoa exporters are short of beans

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

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

Ivory Coast
Abidjan stings Cargill with hefty tax fine