USAID, World Cocoa Foundation unveil US$2m fund to boost cocoa sector in Ivory Coast

IVORY COAST – The United States Agency for International Development (USAID) in partnership with the World Cocoa Foundation has announced a US$2 million fund to boost cocoa sector in Ivory Coast. Mark Green, USAID Administrator the funds will also facilitate empowering women to fully participate in the value chain outlining that the agency has in…

Vietnamese firm eyes West Africa’s cashew nut market as leading player

WEST AFRICA - T&T Group JSC, a Vietnamese conglomerate has unveiled plans of venturing into West Africa’s cashew nut sector with an aim of consolidating its position as the leading player in the sector ahead of its rivals. According to a report by GhanaWeb, the Hanoi-based firm has unveiled plans of purchasing tonnes of cashew…

Leading cocoa producer, Ivory Coast adopts new cocoa trading system

IVORY COAST – World's leading cocoa producing country, Ivory Coast, revealed that it has commenced trading its cocoa directly to the world’s top traders, switching from its previously used system- through auctions. According to the Coffee and Cocoa Council (CCC) in Ivory Coast, the country managed to sell 400, 000 tonnes of cocoa under the…

Cocoa prices expected to increase amid poor weather conditions

NIGERIA - A Financial Derivatives Company’s (FDC’s) commodity updated has projected an increase in coca prices at the international market due to persisting poor weather conditions in the major producing countries. According to the Daily Independent, FDC analysts said that although cocoa prices were down by 2.86% to $2,274 per metric ton in the past…

Cargill outlines plan to achieve 100% cocoa traceability in ending deforestation

NETHERLANDS – The US based agricultural cooperative, Cargill plans to eliminate deforestation in its cocoa supply chain by achieving 100% cocoa bean traceability in its operations. The company has committed to avoid further conversion of any forest land in Ghana and Ivory Coast for cocoa production. Cargill sources cocoa beans from Brazil, Indonesia, Cameroon, Ivory…

Ghana and Ivory Coast launch Hortifresh programme to boost horticultural production

GHANA - Ghana and Ivory Coast have launched the Hortifresh West Africa Programme to boost horticultural production and exports, reports GNA. The programme, supported by the Netherlands aims to establish a sustainable and internationally competitive fruit and vegetable sector that would contribute to the inclusive economic growth and nutrition security. The core activities of the…

Barry Callebaut partners with Ghana and Ivory Coast for sustainable cocoa production

GHANA - Barry Callebaut, one of the world’s largest cocoa producers and grinders has signed a letter of intent with Ghana and Ivory Coast to clear and replant trees infected with swollen-shoot virus disease in an initiative to ensure sustainable cocoa farming. The initiative, in collaboration with Ghana Cocoa Board (COCOBOD) and the Coffee Caco…

Ivory Coast cocoa shippers are said to seek shortfall refund

IVORY COAST - Cocoa exporters in Ivory Coast are demanding that the industry regulator returns the costs and credit guarantees offered for contracts that cannot be met due to a shortage of beans, according to four people familiar with the matter. Shippers in the world’s biggest cocoa producer are struggling to find beans after arrivals…

Heineken to double beer production in Ivory Coast to meet greater thirst

IVORY COAST - Heineken said it aims to double its beer production in Ivory Coast by next year as it bids to compete with French company Castel in a booming market. Beer consumption in Africa’s fastest growing economy has increased since the end of a decade-long political crisis in 2011, and Castel dominates sales with…

Supermarket surge on the cards in Ivory Coast

IVORY COAST - Despite Cote d’Ivoire still being dominated by a traditional trade retail base, the Nielsen Shopper World Conference held in Abidjan, Cote d’Ivoire, has found that the country’s modern trade arena has seen the greatest evolution in the last two years and therefore holds the most potential for growth. This has been spurred…