In Côte d’Ivoire, the Coffee-Cocoa Council denied on Wednesday, January 14, reports of a blockage in cocoa bean commercialization during a press briefing.
In recent weeks, international media reported that several trucks loaded with cocoa remained immobilized around the ports of Abidjan and San Pedro. These reports said the situation disrupted the entire logistics chain for evacuating beans from production areas.
However, Yves Brahima Koné, Director General of the Coffee-Cocoa Council, said the trucks in question operated illegally because they lacked bills of lading, which exporters must obtain to ship cocoa.
“The Coffee-Cocoa Council has properly organized the sector. Eight years ago, in 2018, I made the following decision: no cocoa shipment leaves a production area without a bill of lading. The operator and the exporter receiving the shipment in Abidjan must validate the bill of lading. If both parties do not approve the bill of lading, the shipment cannot leave its production area to reach Abidjan. Therefore, when people say that trucks are in Abidjan, they have no papers, and they operate illegally. For us at the Council, this is fraud,” Mr. Koné said.
Meanwhile, several industry associations expressed concerns about a cocoa sales crisis that could hurt farmers’ incomes. In response, the head of the regulator sought to reassure market participants.
“We are responsible people. We made forecasts. Buyers will purchase all cocoa produced in Côte d’Ivoire from our plantations,” he said.
Mr. Koné added that buyers sold at least 80% of the 2025/2026 crop between October and December.
In the largest economy of the West African Economic and Monetary Union (UEMOA), authorities opened the current cocoa season with a guaranteed farmgate price of CFA2,800 per kilogram, equivalent to $4.9.
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
ACSA plans $695m upgrade and expansion of Cape Town airport Project includes new runway, terminals and expanded passenger facilities Expansion...
Zambia Railways secures $20m to rehabilitate six locomotives Upgraded locomotives expected back in service between May and December 2026 Project...
Deal reflects growing security cooperation amid Sahel terrorism threats Ghana plays key role in Accra Initiative regional security efforts The...
State company DRC Gold Trading aims to collect 15 tonnes of artisanal gold in 2026, far above volumes declared in recent years. The company plans to...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...