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IVORY COAST

Conseil Café Cacao resumes contact with World Bank

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

Published on 12/12/2022 at 05:00 GMT

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Commodity traders

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Conseil Cafe Cacao
European Union
FIMR
World Bank
Yves Brahima Kone

Power struggle between big business and Abidjan slows cocoa campaign

International traders and chocolate manufacturers are limiting purchases of cocoa beans in Ivory Coast. The local regulatory board is requiring them to acquire 20% from local exporters, and they are unable to find enough 'sustainable' material locally.

WEST AFRICA Commodity traders 12/07/2022

Abidjan and Accra allied against multinationals in new cocoa war

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.

IVORY COAST Commodity traders Business 08/02/2021

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.

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Conseil Cafe Cacao
European Union
FIMR
World Bank
Yves Brahima Kone

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Conseil Café Cacao resumes contact with World Bank

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Power struggle between big business and Abidjan slows cocoa campaign

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Conseil Café Cacao resumes contact with World Bank

West African cocoa cartel battles with the traders

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Power struggle between big business and Abidjan slows cocoa campaign

Abidjan and Accra allied against multinationals in new cocoa war

Ouattara follows up on cocoa price increases with national preference quota plan

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