Your account has been succesfully created.

Subscribe now

IVORY COAST

RHDP bigwig Youssouf Soumahoro sparks ire with weights and measures monopoly

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.

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. [...] (390 words)

Issue dated 21/10/2020 Reading time 2 minutes

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

e-wallet

from EUR/USD 50

Only buy articles you are interested in

ANNUAL SUBSCRIPTION

Unlimited access to the website

See our rates

Choose the option that suits you best: Compare all of our offers!

Do you want a free trial before subscribing?

Create your free account

Do you want a free trial before subscribing?

create a free account

Commodity traders Business

Set up email notifications for these topics

IVORY COAST
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 houphouëtistes pour la démocratie et la paix
Youssouf Soumahoro
Youssouf Soumahoro, a RHDP ruling party baron
Yves Brahima Kone

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.

Ivorian President Alassane Ouattara on World Cocoa Day, 1 October 2020.

IVORY COAST Commodity traders Business 11/01/2021

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.

Alassane Ouattara, on National Cocoa and Chocolate Day, in November 2020.

IVORY COAST Politics 03/11/2020

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.

Violent clashes took place in Ivory Coast.

IVORY COAST Commodity traders Business 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 Commodity traders Business 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 Commodity traders Politics 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.

IVORY COAST Politics 15/09/2020

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.

Set up email notifications for these topics

IVORY COAST
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 houphouëtistes pour la démocratie et la paix
Youssouf Soumahoro
Youssouf Soumahoro, a RHDP ruling party baron
Yves Brahima Kone

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

Algerian secret services in survival mode in North Mali

As fight against M23 continues, Kigali and Kinshasa wage war of intelligence

RHDP bigwig Youssouf Soumahoro sparks ire with weights and measures monopoly