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

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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. [...]

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. [...]

Published on 21.10.2020 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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Adama Kamara
Alassane Ouattara
Amadou Gon Coulibaly
Barry Callebaut
Cargill
CGECI
Confédération des Grandes Entreprises de Côte d'Ivoire
Conseil Cafe Cacao
Côte d'Ivoire Métrologie
Gepex
Groupement professionnel des exportateurs
Hamed Bakayoko
Olam
Rassemblement des Houphouetistes pour la Democratie et la Paix
Youssouf Soumahoro
Youssouf Soumahoro, a RHDP ruling party baron
Yves Brahima Kone

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.

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.

Ivory Coast
Macron's secret call with Ouattara as post-electoral storm brews

Published 3 November 10h45 - A day before the official results of the presidential election were announced, Emmanuel Macron called Alassane Ouattara, who swept up 94.27% of the votes, to urge him to make a "significant" gesture towards the opposition.

Subscribers only Politics 03.11.2020

Violent clashes took place in Ivory Coast.

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

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

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.

Subscribers only Commodity traders, Business 01.10.2020

Ivory Coast
Ouattara campaigns on cocoa price in Akan country

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.

Subscribers only Commodity traders, Politics 17.09.2020

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

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Subscribers only Politics 15.09.2020

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Adama Kamara
Alassane Ouattara
Amadou Gon Coulibaly
Barry Callebaut
Cargill
CGECI
Confédération des Grandes Entreprises de Côte d'Ivoire
Conseil Cafe Cacao
Côte d'Ivoire Métrologie
Gepex
Groupement professionnel des exportateurs
Hamed Bakayoko
Olam
Rassemblement des Houphouetistes pour la Democratie et la Paix
Youssouf Soumahoro
Youssouf Soumahoro, a RHDP ruling party baron
Yves Brahima Kone

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RHDP bigwig Youssouf Soumahoro sparks ire with weights and measures monopoly

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 RHDP bigwig Youssouf Soumahoro sparks ire with weights and measures monopoly

West African cocoa cartel battles with the traders

This article may be accessed by subscribers

Do you want a free trial before subscribing?

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create a free account

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

Ivory Coast Ouattara wants to bypass traders on the Chinese front

Ivory Coast Macron's secret call with Ouattara as post-electoral storm brews

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

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Ivory Coast Ouattara campaigns on cocoa price in Akan country

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

Set up email notifications for these topics

About Africa Intelligence

Subscription

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
RHDP bigwig Youssouf Soumahoro sparks ire with weights and measures monopoly

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

Ivory Coast
Ouattara wants to bypass traders on the Chinese front

Ivory Coast
Macron's secret call with Ouattara as post-electoral storm brews

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

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

Ivory Coast
Ouattara campaigns on cocoa price in Akan country

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