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Ivory Coast
Government steps in to protect cocoa trader Malick Tohé from Olam

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. [...]

The head of the Ivorian cocoa trading lobby and boss of SONEMAT, whose bank accounts were frozen by the Singaporean trader, appears to have friends in high places. [...]

Published on 19/05/2023 at 04:40 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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Augustin Kouassi Apetey
Françoise Remarck
Groupement des negociants ivoiriens
Malick Tohe
Olam
Olam Food Ingredients
Société de négoce de matières premières

Angola
Africa Global Logistics appoints new Lobito boss

Africa Global Logistics, which has signed the concession contract for the container and multipurpose terminal of Lobito Port, has taken on board African port expert David Reekmans.

Subscribers only Infrastructure, Mining, Commodity traders 20.02.2024

Ivory Coast
On a visit to Brussels, Conseil Café Cacao revives battle with EU

Ivorian cocoa industry leaders have met European officials to demand recognition of their traceability system and an increase in the subsidy for sustainable cocoa. If it's not granted, they are threatening to continue blocking forward sales.

Subscribers only Commodity traders 15.09.2023

Ivory Coast
Foreign cocoa exporter success fuels local discontent

The major foreign traders were the winners in Ivory Coast's main cocoa bean harvest that has just ended. This has heightened tension between the big players such as Cargill and local exporters, who blame foreign competitors for their supply difficulties.

Subscribers only Commodity traders 20.04.2023

A bag of cocoa beans stamped "Conseil du café-cacao" in Ivory Coast.

Ivory Coast
Ex-CCC exec Vallet-Coulibaly to support local cocoa traders in new role

Recently appointed as the vice president's chief of staff, Françoise Vallet-Coulibaly has been tasked with tackling the supply difficulties being experienced by Ivorian cocoa bean exporters.

Subscribers only Commodity traders 13.04.2023

Ivory Coast
Cargill granted extra cocoa beans quota

Despite the Cocoa and Coffee Council's decision in February to limit sales to large traders, the head of the US trading giant's regional office was able to bargain for an additional quota of around 10,000 tonnes of cocoa beans, of which Cargill is the Ivory Coast's largest exporter.

Subscribers only Commodity traders 13.03.2023

A farm worker with cacoa beans at a farm in Ivory Coast.

Ivory Coast
Cocoa regulator Yves Brahima Koné plays Santa for Ivorian traders

Alassane Ouattara agreed to maintain subsidies for local cocoa traders, despite Patrick Achi's initiative to encourage them to transform the cocoa locally. The Conseil Café Cacao will dole out the money, but less than it did last season.

Subscribers only Commodity traders 06.12.2022

Yves Brahima Koné, president of the cafe cacao council, on October 2021 in Abdijan.

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Augustin Kouassi Apetey
Françoise Remarck
Groupement des negociants ivoiriens
Malick Tohe
Olam
Olam Food Ingredients
Société de négoce de matières premières

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Ivory Coast
Government steps in to protect cocoa trader Malick Tohé from Olam

West African cocoa cartel battles with the traders

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West African cocoa cartel battles with the traders

Set up email notifications for these topics

Angola
Africa Global Logistics appoints new Lobito boss

Ivory Coast
On a visit to Brussels, Conseil Café Cacao revives battle with EU

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Cargill granted extra cocoa beans quota

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Set up email notifications for these topics

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Ivory Coast Government steps in to protect cocoa trader Malick Tohé from Olam

West African cocoa cartel battles with the traders

This article may be accessed by subscribers

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create a free account

West African cocoa cartel battles with the traders

Set up email notifications for these topics

Angola Africa Global Logistics appoints new Lobito boss

Ivory Coast On a visit to Brussels, Conseil Café Cacao revives battle with EU

Ivory Coast Foreign cocoa exporter success fuels local discontent

Ivory Coast Ex-CCC exec Vallet-Coulibaly to support local cocoa traders in new role

Ivory Coast Cargill granted extra cocoa beans quota

Ivory Coast Cocoa regulator Yves Brahima Koné plays Santa for Ivorian traders

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

Cameroon, Central African Republic
Between business and politics, the secrets of Antoine Ndzengue's rise

Ivory Coast
Government steps in to protect cocoa trader Malick Tohé from Olam

Angola
Africa Global Logistics appoints new Lobito boss

Ivory Coast
On a visit to Brussels, Conseil Café Cacao revives battle with EU

Ivory Coast
Foreign cocoa exporter success fuels local discontent

Ivory Coast
Ex-CCC exec Vallet-Coulibaly to support local cocoa traders in new role

Ivory Coast
Cargill granted extra cocoa beans quota

Ivory Coast
Cocoa regulator Yves Brahima Koné plays Santa for Ivorian traders