The Moroccan fertiliser giant changed its New York chief last month.
Cocobod hasn't changed the price it charges cocoa farmers for fertiliser even though the international market price has gone through the roof. Meanwhile the illegal resale of the heavily subsidised fertilisers that it distributes to its Ghanaian affiliates is flourishing.
In light of Western measures against their shareholders, the fertiliser producers PhosAgro, Uralchem and Eurochem will drastically cut their exports to Africa, a market they had turned to with relative success after the loss of their Ukrainian clients in 2014.
Firms that import phosphate from the disputed territory of Western Sahara are coming under increasing pressure to stop trading OCP (Office Cherifien des Phosphates) in the wake of a finding by the Court of Justice of the European Union (CJEU) [.