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DOCKERS STRIKE THREATENS CÔTE D’IVOIRE EXPORTS

DOCKERS STRIKE THREATENS CÔTE D’IVOIRE EXPORTS

Cocoa exports ground to a halt in Côte d’Ivoire, where approximately 50% of the world’s cocoa is produced. Since last Friday, Abidjan and San Pedro, the country’s two main ports, have been blocked by a…

ICCO REVISES PRODUCTION NUMBERS, UP 1%

ICCO REVISES PRODUCTION NUMBERS, UP 1%

The International Cocoa Organisation (ICCO) has made revisions to the 2020 to 21 cocoa balance sheet, with production numbers rising almost 1% above what was initially anticipated. The adjustments were made as most major cocoa-producing…

NIGERIA WORRIED EU WILL REJECT COCOA IN 2022

NIGERIA WORRIED EU WILL REJECT COCOA IN 2022

Nigeria is worrying about the risk of having their cocoa rejected by the European Union in 2022, due to quality concerns. During a press conference in Abuja last week, Adeola Adegoke, President of the Cocoa…

ICCO MARKET REPORT SHOWS DIFFERENTIALS CONTINUE TO BE SUBDUED

ICCO MARKET REPORT SHOWS DIFFERENTIALS CONTINUE TO BE SUBDUED

The ICCO released their October market report, which is aimed at informing traders and participants in the financial markets, challenges us with such terms such as “backwardation.” The organisation summarised the key takeaways as: Prices…

CÔTE D’IVOIRE CLOSES OUT SEASON 10% DOWN

CÔTE D’IVOIRE CLOSES OUT SEASON 10% DOWN

The world’s biggest cocoa producer reportedly stopped export sales as it closed out the season 10% down on last year, equating to a drop of 250,000 tons. If we consider that production will be down…

CÔTE D’IVOIRE RE-ALLOCATES COCOA EXPORTS AFTER LOCAL BUYERS RUN OUT OF CASH

CÔTE D’IVOIRE RE-ALLOCATES COCOA EXPORTS AFTER LOCAL BUYERS RUN OUT OF CASH

Côte d’Ivoire’s Cocoa regulator, Le Conseil du Cafe-Cacao (CCC) was forced to reallocate half of the 320,000 tons of Cocoa earmarked for export by local companies after they appeared to be unable to handle the…

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