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Ivory Coast
Local cocoa exporters are short of beans

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. [...]

Ivorian cocoa exporters like Africa Sourcing, Kineden and Ecookim have been unable to match the terms offered by the big international groups, who have tripled planters' bonuses. They have managed to execute only 40% of the contracts they signed for the 2023-2024 season. [...]

Published on 12.12.2023 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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Ivory Coast
Africa Sourcing
Barry Callebaut
Cargill
Coffee Cocoa Council
Dominique Ouattara
Ecookim
Groupement des negociants ivoiriens
Kineden
Loic Folloroux
Malick Tohe
Mamadou Bamba
Olam
Sonemat
Stephane Apoque
Yves Brahima Kone

Ivory Coast
Coffee and cocoa board boss gives multinationals some respite

Yves Brahima Koné, the head of the Conseil Café-Cacao, has decided to calm relations between his organisation and exporters who have been unable to fulfil their contracts for the main harvest season.

Subscribers only Commodity traders 10.04.2024

Angola
Mota-Engil to begin farming cocoa in Cabinda

Mamaland, a subsidiary of Portuguese construction giant Mota-Engil, is ramping up its efforts to farm "brown gold" in the enclave, as the world's two main exporters, Ghana and Ivory Coast, have had weak harvests.

Subscribers only Commodity traders 01.04.2024

Ivory Coast
Cargill loses its cocoa pole position

The American trading giant is now only the third-largest exporter of beans from Ivory Coast.

Subscribers only Commodity traders 14.03.2024

Ivory Coast
Cocoa: Abidjan faces boycott from trading giants after sales open

Having just opened advance sales for the 2024-2025 harvest, the Conseil Café Cacao is now facing a refusal from the major traders to match the prices set by Abidjan.

Subscribers only Commodity traders 31.10.2023

A farmer works with cocoa beans at a farm in Adzope town, southern Ivory Coast, 13 October 2023.

Ivory Coast
Abidjan keeps up cocoa pressure on Brussels

As the start of the 2023-2024 cocoa season approaches, the Conseil Café-Cacao is stepping up pressure on the EU by continuing its blockade of forward sales of cocoa beans.

Subscribers only Commodity traders 28.09.2023

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
Local cocoa firms battle for slice of sustainable beans pie

The Groupement des Négociants Ivoiriens (GNI), which brings together the main national cocoa traders in Ivory Coast, has undertaken to convince the government to introduce a mandatory percentage of certified sustainable beans in the 20% of international contracts reserved for them.

Subscribers only Commodity traders 13.06.2023

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
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
Worried Ivorian cocoa traders turn to Ouattara for help

Local cocoa exporters are experiencing significant supply issues and may not manage to honour the contracts that expire when the main 2022-2023 harvest ends this month. Citing lack of action from the cocoa regulatory board, they are asking the president to step in.

Subscribers only Commodity traders 23.02.2023

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Ivory Coast
Africa Sourcing
Barry Callebaut
Cargill
Coffee Cocoa Council
Dominique Ouattara
Ecookim
Groupement des negociants ivoiriens
Kineden
Loic Folloroux
Malick Tohe
Mamadou Bamba
Olam
Sonemat
Stephane Apoque
Yves Brahima Kone

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Ivory Coast
Local cocoa exporters are short of beans

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

Ivory Coast
Coffee and cocoa board boss gives multinationals some respite

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Mota-Engil to begin farming cocoa in Cabinda

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Cargill loses its cocoa pole position

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Foreign cocoa exporter success fuels local discontent

Ivory Coast
Cargill granted extra cocoa beans quota

Ivory Coast
Worried Ivorian cocoa traders turn to Ouattara for help

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Indigo Publications' websites

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Ivory Coast Local cocoa exporters are short of beans

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 Coffee and cocoa board boss gives multinationals some respite

Angola Mota-Engil to begin farming cocoa in Cabinda

Ivory Coast Cargill loses its cocoa pole position

Ivory Coast Cocoa: Abidjan faces boycott from trading giants after sales open

Ivory Coast Abidjan keeps up cocoa pressure on Brussels

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

Ivory Coast Local cocoa firms battle for slice of sustainable beans pie

Ivory Coast Foreign cocoa exporter success fuels local discontent

Ivory Coast Cargill granted extra cocoa beans quota

Ivory Coast Worried Ivorian cocoa traders turn to Ouattara for help

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

Ivory Coast
Local cocoa exporters are short of beans

Ivory Coast
Coffee and cocoa board boss gives multinationals some respite

Angola
Mota-Engil to begin farming cocoa in Cabinda

Ivory Coast
Cargill loses its cocoa pole position

Ivory Coast
Cocoa: Abidjan faces boycott from trading giants after sales open

Ivory Coast
Abidjan keeps up cocoa pressure on Brussels

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

Ivory Coast
Local cocoa firms battle for slice of sustainable beans pie

Ivory Coast
Foreign cocoa exporter success fuels local discontent

Ivory Coast
Cargill granted extra cocoa beans quota

Ivory Coast
Worried Ivorian cocoa traders turn to Ouattara for help