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

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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. [...]

This summer, the International Monetary Fund conducted an audit of the cocoa sector. The upshot is that the Conseil Café Cacao has severed all ties with those close to power who have not settled outstanding debts from previous cocoa harvests. [...]

Published on 01.10.2020 at 05:00 GMT Reading time 2 minutes

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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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AgroWest Africa
Alassane Ouattara
Amadou Gon Coulibaly
Conseil Cafe Cacao
Côte d'Ivoire Commodities
Hamed Bakayoko
International Monetary Fund
Malick Tohe
Rassemblement des Houphouetistes pour la Democratie et la Paix
Sonemat
Souleymane Fofana
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.

Ivory Coast
Cacao giants battle with CCC, while 45,000 tonnes of beans wait outside Abidjan port

The head of the powerful coffee and cacao board Yves Brahima Koné has blocked over 1,200 cargos handled by Cargill, Olam and Barry Callebaut as a squabble over this season's cocoa price drags on.

Subscribers only Commodity traders, Business 03.12.2020

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
Cocoa traders with RHDP ties given second chance for 2021 season

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

Subscribers only Commodity traders, Business 20.10.2020

Kenya
Co-operative Bank determined to land coffee settlement system

Co-operative Bank boss Gideon Muriuki wants to make sure the government's plans to create a single payment mechanism for coffee sales and purchases will include putting his institution in charge.

Subscribers only Business 16.10.2020

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

Ivory Coast
Cornered, Ouattara makes plans for a third mandate

The Ivorian head of state didn't hesitate for long following prime minister and presidential candidate Amadou Gon Coulibaly's death to inform his inner circle of his plans to run for another term.

Subscribers only Politics 15.07.2020

Ivory Coast
Charity begins at home for Covid-19 funds

The first payments from the funds set up to tackle the crisis caused by the Covid-19 pandemic have gone to business leaders who support the the ruling party.

Subscribers only Business 13.07.2020

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AgroWest Africa
Alassane Ouattara
Amadou Gon Coulibaly
Conseil Cafe Cacao
Côte d'Ivoire Commodities
Hamed Bakayoko
International Monetary Fund
Malick Tohe
Rassemblement des Houphouetistes pour la Democratie et la Paix
Sonemat
Souleymane Fofana
Yves Brahima Kone
Zoumana Bakayoko

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

West African cocoa cartel battles with the traders

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West African cocoa cartel battles with the traders

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Ivory Coast
Ouattara wants to bypass traders on the Chinese front

Africa
Cacao producers' revolt spills over into coffee industry

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Indigo Publications' websites

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

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 wants to bypass traders on the Chinese front

Africa Cacao producers' revolt spills over into coffee industry

Ivory Coast Cacao giants battle with CCC, while 45,000 tonnes of beans wait outside Abidjan port

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

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

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Ivory Coast Charity begins at home for Covid-19 funds

Set up email notifications for these topics

About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

Guinea
Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

DRC
Dan Gertler's billions of dollars in royalties at heart of huge legal battle

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

Ivory Coast
Ouattara wants to bypass traders on the Chinese front

Africa
Cacao producers' revolt spills over into coffee industry

Ivory Coast
Cacao giants battle with CCC, while 45,000 tonnes of beans wait outside Abidjan port

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

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

Kenya
Co-operative Bank determined to land coffee settlement system

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

Ivory Coast
Cornered, Ouattara makes plans for a third mandate

Ivory Coast
Charity begins at home for Covid-19 funds