Ivorian cocoa traders call for reforms to end export monopoly
Association tells regulator that reforms are needed to end dominance of six multinationals
26 January 2021 - 16:38
Abidjan — Ivory Coast’s domestic cocoa traders association, GNI, has called for the regulator in the world’s top bean producer to introduce reforms that would end the dominance of six multinationals in handling the West African country’s cocoa exports.
GNI, which represents 15 domestic cocoa companies with purchasing and export capacity of about 300,000 tonnes of beans a year, said in a January 22 letter seen by Reuters that their survival depended on introducing the changes...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.