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West Africa
Abidjan and Accra allied against multinationals in new cocoa war

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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. [...]

The heads of Ghana Cocobod and Ivory Coast's Conseil Café Cacao were in Accra last week to refine their joint strategy in the face of the industry's trading giants and industrialists, who are considering diversifying their supplies elsewhere. [...]

Published on 12.07.2022 at 05:00 GMT Reading time 2 minutes

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Commodity traders

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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Alassane Ouattara
Alex Pierre-Arnaud Assanvo
Barry-Callebaut
Cargill
Conseil Cafe Cacao
Dubai Multi Commodities Centre
European Union
Ghana Cocoa Board
Initiative Cacao Côte d'Ivoire Ghana
Joseph Boahen Aidoo
Nana Akufo-Addo
Olam
Owusu Afriyie Akoto
World Bank
Yves Brahima Kone

Ivory Coast
Conseil Café Cacao resumes contact with World Bank

The Ivorian government is back in talks with the World Bank with a view to obtaining $300m in funding for industry regulator Conseil Café Cacao.

Subscribers only Commodity traders 12.12.2022

Spotlight | Cameroon, Ghana, Ivory Coast, Nigeria
Cameroon and Nigeria's talks with cocoa cartel bear fruit

Details have emerged about Yaoundé et Abuja's talks in Abidjan to join the Ivory Coast-Ghana Cocoa Initiative, set up to defend the interests of the world's two largest cocoa producers.

Subscribers only Commodity traders 21.10.2022

Ghana
Cocobod faces soaring fertiliser costs and large-scale illicit resales

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.

Subscribers only Commodity traders 12.09.2022

Inner circles | Ghana, Ivory Coast
New cocoa initiative still far cry from Ouattara and Akufo-Addo's chocolate heaven

The Ivory Coast-Ghana Cocoa Initiative (ICCIG), based in Accra since September 2021 and headed by the experienced Ivorian Alex Assanvo, is struggling to bring multinationals on board. It is also trying to persuade the two regulatory bodies to radically shift their priorities.

Subscribers only Commodity traders 29.07.2022

Alex Pierre-Arnaud Assanvo, secretary-general of the Ivory Coast Ghana Cocoa Initiative.

Ivory Coast
Ivorian cocoa industry leaders receive last-minute invite to Johannesburg

A business forum is being organised in Johannesburg to promote partnerships between South Africa and Ivory Coast during Ivory Coast President Alassane Ouattara's South African visit of 18 to 22 July to his counterpart Cyril Ramaphosa.

Subscribers only Commodity traders, Diplomacy 20.07.2022

Africa, UAE
Dubai takes advantage of war in Ukraine to boost business in Africa

The Dubai Multi Commodities Centre sees the challenging commodity market environment as an opportunity to strengthen its trading position in Africa by welcoming Russian and Swiss traders and promoting the use of cryptocurrencies.

Subscribers only Commodity traders 27.05.2022

Document | Ivory Coast
EU ambassador Jobst Von Kirchmann plays lobbyist for international cocoa giants

The EU ambassador in Ivory Coast has questioned in a official letter the legality of a new measure which forces cocoa multinationals to reserve 20% of their contracts for Ivorian partners - an intervention that has greatly irked the Ivorian authorities.

Subscribers only Commodity traders, Business 26.11.2021

The European Union's ambassador to Ivory Coast Jobst Von Kirchmann.

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.

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Alassane Ouattara
Alex Pierre-Arnaud Assanvo
Barry-Callebaut
Cargill
Conseil Cafe Cacao
Dubai Multi Commodities Centre
European Union
Ghana Cocoa Board
Initiative Cacao Côte d'Ivoire Ghana
Joseph Boahen Aidoo
Nana Akufo-Addo
Olam
Owusu Afriyie Akoto
World Bank
Yves Brahima Kone

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West Africa
Abidjan and Accra allied against multinationals in new cocoa war

West African cocoa cartel battles with the traders

This article may be accessed by subscribers

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West African cocoa cartel battles with the traders

Set up email notifications for these topics

Ivory Coast
Conseil Café Cacao resumes contact with World Bank

Spotlight | Cameroon, Ghana, Ivory Coast, Nigeria
Cameroon and Nigeria's talks with cocoa cartel bear fruit

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Cocobod faces soaring fertiliser costs and large-scale illicit resales

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New cocoa initiative still far cry from Ouattara and Akufo-Addo's chocolate heaven

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EU ambassador Jobst Von Kirchmann plays lobbyist for international cocoa giants

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

Set up email notifications for these topics

About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

Guinea Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

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West Africa Abidjan and Accra allied against multinationals in new cocoa war

West African cocoa cartel battles with the traders

This article may be accessed by subscribers

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West African cocoa cartel battles with the traders

Set up email notifications for these topics

Ivory Coast Conseil Café Cacao resumes contact with World Bank

Spotlight | Cameroon, Ghana, Ivory Coast, Nigeria Cameroon and Nigeria's talks with cocoa cartel bear fruit

Ghana Cocobod faces soaring fertiliser costs and large-scale illicit resales

Inner circles | Ghana, Ivory Coast New cocoa initiative still far cry from Ouattara and Akufo-Addo's chocolate heaven

Ivory Coast Ivorian cocoa industry leaders receive last-minute invite to Johannesburg

Africa, UAE Dubai takes advantage of war in Ukraine to boost business in Africa

Document | Ivory Coast EU ambassador Jobst Von Kirchmann plays lobbyist for international cocoa giants

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

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

West Africa
Abidjan and Accra allied against multinationals in new cocoa war

Ivory Coast
Conseil Café Cacao resumes contact with World Bank

Spotlight | Cameroon, Ghana, Ivory Coast, Nigeria
Cameroon and Nigeria's talks with cocoa cartel bear fruit

Ghana
Cocobod faces soaring fertiliser costs and large-scale illicit resales

Inner circles | Ghana, Ivory Coast
New cocoa initiative still far cry from Ouattara and Akufo-Addo's chocolate heaven

Ivory Coast
Ivorian cocoa industry leaders receive last-minute invite to Johannesburg

Africa, UAE
Dubai takes advantage of war in Ukraine to boost business in Africa

Document | Ivory Coast
EU ambassador Jobst Von Kirchmann plays lobbyist for international cocoa giants

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