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AFRICA Issue dated 15/12/2020

Cacao producers' revolt spills over into coffee industry

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“West African cocoa cartel battles with the traders”

IVORY COAST GHANA

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. [...]

Coffee berries being sorted in a Kenyan processing plant. ©Thomas Mukoya/Reuters

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. [...] (341 words)

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On the same subject

IVORY COAST 20/04/2021

Olam loses its cocao crown

The first buying period for the 2020-21 cocoa season ended on 31 March and initial results show a major rebalancing between the main buyers. Agri-business behemoth Olam lost the pole position it had held among buyers of Ivorian beans since 2016 to US firm Cargill West Africa. [...]

IVORY COAST 03/12/2020

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. [...]

ANGOLA UNITED ARAB EMIRATES 24/11/2020

Dubai aims to tap into Angola's return to the international coffee scene

Dubai Multi Commodities Centre (DMCC) executive chairman Ahmed bin Sulayem used the presence of several Angolan officials at his diamonds webinar on 19 November to pass on an important message. [...]

IVORY COAST 20/10/2020

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. [...]

IVORY COAST 01/10/2020

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. [...]

IVORY COAST 24/09/2020

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. [...]

IVORY COAST 17/09/2020

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. [...]

DJIBOUTI YEMEN 13/03/2020

Al-Kbous looks to trade with Horn

One of the largest Yemeni conglomerates, Al-Kbous, recently set up [...]

GERMANY KENYA 13/03/2020

President Steinmeier frets over his coffee industry

Coffee was at the centre of discussions between the Kenyan [...]

KENYA 20/09/2019

Coffee advisor Joseph Kieyah leaves sour taste in Ukur Yatani's mouth

The term of Joseph Kieyah as head of the Coffee [...]

KENYA 11/01/2019

Coffee sector reforms prove difficult to swallow Free

Professor Joseph Kieyah, who heads up the Coffee Sector Implementation Committee (CSIC), is struggling to reform the coffee sector as [...]

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Cacao producers' revolt spills over into coffee industry

West African cocoa cartel battles with the traders

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Cacao producers' revolt spills over into coffee industry

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Free Articles

Cash-strapped air force opts for second-hand Kuwaiti F-18 Hornets

Russia's support for LNA dampens Haddad's ambitions as national army head

CNOOC hopes to bag former ExxonMobil and BP blocks

Olam loses its cocao crown

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

Dubai aims to tap into Angola's return to the international coffee scene

Cocoa traders with RHDP ties given second chance for 2021 season

Audited by IMF, Conseil Café Cacao suddenly becomes virtuous

French banks lose out on cocoa business

Ouattara campaigns on cocoa price in Akan country

Al-Kbous looks to trade with Horn

President Steinmeier frets over his coffee industry

Coffee advisor Joseph Kieyah leaves sour taste in Ukur Yatani's mouth

Coffee sector reforms prove difficult to swallow Free

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Indigo Publications also publishes:

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