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IVORY COAST

Cocoa unions resist rolling blackout plans

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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.

An employee of the Ivory Coast Electricity Company (CIE) at a hydroelectric dam station.

For weeks frequent power cuts have put pressure on the country and industry unions have held several meetings with the ministry of energy to review its rolling blackout plan. [...] (646 words)

Issue dated 14/05/2021 Reading time 3 minutes

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IVORY COAST
Alassane Ouattara
Amidou Traoré
ANARE-CI
Archer Daniels Midland
Bouygues
CGECI
Chocodi
CI-Energies
Compagnie ivoirienne d'électricité
Covid-19
Eurofind
Filtisac
Foxtrot International
Grands Moulins d'Abidjan
Nestlé
Saco
Societe des Cimenteries d'Abidjan
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UGECI
Uniwax

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IVORY COAST
Alassane Ouattara
Amidou Traoré
ANARE-CI
Archer Daniels Midland
Bouygues
CGECI
Chocodi
CI-Energies
Compagnie ivoirienne d'électricité
Covid-19
Eurofind
Filtisac
Foxtrot International
Grands Moulins d'Abidjan
Nestlé
Saco
Societe des Cimenteries d'Abidjan
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Sucrivoire
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Uniwax

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Cocoa unions resist rolling blackout plans

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

2 options offered to continue reading

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Ouattara troubled by Ukrainian war's impact on gas, wheat and oil

Karpowership pips Aggreko to power station contract

Patrick Achi's government calls on Aggreko, Total and Sahara Energy to help fix blackouts

Government back against the wall as energy woes continue

Beijing hijacks Ouattara's 'cocoa revolution'

Olam loses its cocao crown

Legal wrangle stirs up the cosy cocoa community

Foxtrot Block CI-27 drilling faces possible delay

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