• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, May 5, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Agribusiness, Business

100,000-tonne cocoa bean piles up in Ivory Coast as demand reduces

thevaultzby thevaultz
January 14, 2021
Reading Time: 3 mins read
A worker sits near a pile of sacks of cocoa at a warehouse in Soubre, Ivory Coast January 8, 2021. Picture taken January 8, 2021. REUTERS/Luc Gnago

A worker sits near a pile of sacks of cocoa at a warehouse in Soubre, Ivory Coast January 8, 2021. Picture taken January 8, 2021. REUTERS/Luc Gnago

A pandemic-induced slowdown in global chocolate demand has led to a pile-up of about 100,000 tonnes of cocoa beans in Ivory Coast’s interior, five exporters report, as farmers struggle to get by with lower-than-promised prices.

The unwanted stockpile adds to a growing store of beans at ports in the world’s top cocoa producer after chocolate makers and buyers in Europe and the United States asked that deliveries scheduled for October-December be postponed to January-March, the exporters said.

The estimated 100,000 tonnes of beans stuck at farms and cooperatives amounts to roughly one-third of Ivory Coast’s monthly output at this time of year. With fewer shipments leaving the West African nation, the regulator, the Coffee and Cocoa Council (CCC), has suspended a system registering cooperatives’ beans to slow flows from the countryside, as revealed by a representative from CCC.

“It’s a vicious cycle,” said one director of an international export company based in Abidjan, speaking on condition of anonymity. “We don’t have enough room to continue buying cocoa and storing it. If we resumed exports to Europe and the U.S. right now, there would be room here.”

The delays are being felt keenly by farmers, who are struggling to sell their beans at the fixed minimum of 1,000 CFA francs ($1.82) per kg.

ADVERTISEMENT

In the western region of Soubre at the heart of the cocoa belt, a cooperative in the village of Gnipi 2 was sitting on 250 tonnes of beans, its manager said. The manager of another cooperative there had 200 tonnes stockpiled, and more heaped in trucks on the side of the road. With flows to the coast stalled, the cooperatives lack cash and space to buy more beans from farmers.

“Since December they stopped and don’t pay anymore,” said Philippe Ipou Kouadio, a village chief who farms 40 hectares in Soubre region.

“We can’t pay for our children’s schooling,” he added.

The exporters did not say which of their international buyers had asked to postpone shipments. Chocolate makers such as Mars Inc, Hershey and Barry Callebaut purchase Ivorian cocoa.

Cote d’Ivoire is the single largest producer of cocoa with an annual yield of about 2-million tonnes, accounting for approximately 40 percent of the world’s supply. Other leading cocoa farming countries include Brazil, Cameroon, Ghana, Indonesia and Nigeria. In Cote d’Ivoire, cocoa accounts for more than 50 percent of household income.

According to United Nations COMTRADE database on international trading, Ivory Coast exports of cocoa and cocoa preparations to France was US$415.17 Million during 2019.  Ivoirians count on cocoa exports for 40% of their export revenue, which means that their national economy is highly dependent on the price of cocoa.

Read Also: Hersey’s Sustainability Schemes Suspension lifted

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Cocoa BeansCoffee and Cocoa CouncilIvory Coast
Share4Tweet3Share1SendSend
Please login to join discussion
Previous Post

Price Stabilization Levy No More Effective-COPEC

Next Post

AU secures 270 million COVID vaccine doses

Related Posts

Hon. John Jinapor with Partners
Extractives/Energy

Gov’t Signs $60Bn Deal with Energy Partners to Boost Upstream Petroleum Production

May 5, 2026
COMAC Staff with NPA CEO
Extractives/Energy

COMAC Intensifies Downstream Operational Safety Effort

May 5, 2026
Mike Fraser, the Chief Executive Officer of Goldfields
Extractives/Energy

Goldfields Expresses Disappointment Over Damang Exit Following Regulatory Ownership Change

May 5, 2026
Mike Fraser, the Chief Executive Officer of Goldfields
Extractives/Energy

Mike Fraser Hints Efforts to Secure Long-Term Lease Approval for Tarkwa Mine

May 5, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

20260505 210527

“We’ve Earned It” – Rice Backs Arsenal Celebrations After Reaching UCL Final

May 5, 2026
Vice President, Professor Naana Jane Opoku-Agyemang

Vice President Backs DACF Funding Strategy Reform

May 5, 2026
Absa Bank Ghana Limited Unveils Dream Mauritius Giveaway

Absa Bank Ghana Limited Unveils Dream Mauritius Giveaway

May 5, 2026

The Devil Wears Prada 2 Dominates Box Office

May 5, 2026
France To Vote on Legalising Assisted Dying

Macron Urges US, Europe Not To Waste Time On Tariffs

May 5, 2026
Next Post
AU secures 270 million COVID vaccine doses

AU secures 270 million COVID vaccine doses

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address