:. Food Industry News


Ivorian Cocoa Strike Extends, Ghana Buyers Move in

Source: Reuters
28/10/2008

Abidjan, Oct 28 - Unlicensed cocoa buyers from neighbouring Ghana crossed into Ivory Coast to take advantage of an ongoing Ivorian cocoa strike while exporters wait for deliveries to load on ships, farmers said on Tuesday.

Daily News Alerts

Farmers in the southwestern region around the port of San Pedro, which handles nearly 50 percent of output from the world's biggest grower, and also in the east, began blocking cocoa deliveries last week as they hold out for higher prices.

"The strike continues," said Joseph Yao Kouame, head of the SAPICOCI union. "In the bush we are making sure that beans aren't leaving."

Cocoa merchants in Abidjan and San Pedro, the West African country's two ports, have said the strike is disrupting their schedules.

"There are no trucks this morning because of the strike," said a purchasing manager with a European exporting firm in Abidjan on Tuesday.

"We have our factories, we have our targets, and we are well behind those targets," he said. "We have met only 27 percent of our targets for October."

Port-side arrivals of beans ready for shipment are less than half their level at this time last year, at around 63,000 tonnes from Oct. 1-26, down from 167,292 tonnes.

Cocoa merchants from Ghana, the world's No. 2 grower, were crossing the border to attempt to illegally buy Ivorian cocoa at higher prices than licensed buyers are offering.

"There are lots of Ghanaian buyers who are slipping into the region to buy at 600-650 francs, but still farmers aren't too enthusiastic about selling," farmer Joseph Amani said.

The striking farmers want buyers to pay the full 700 CFA francs ($1.34) per kg reference price set earlier this month by the government and the committee that manages the industry, but which traders say is well above market levels.

In the east of the country, a less important growing region than the southwest but still a major source of cocoa, there were signs some farmers had responded to recent attempts by traditional chieftains to broker a deal.

"After the king's appeal for calm, strikers have lifted some barriers and some of them have begun loading to sell in Abidjan, particularly those who have received money from exporters," Amani said.



GO   View more articles on this subject

Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Rising Ivorian Cocoa Prices Dampen Ghana Trade
Food Price Turmoil Could Hit Cocoa Output - COPAL
Ivorian Cocoa Prices Rise Further on Supply Fears
Ivorian Cocoa Crop Seen Down at 1 Million Tonnes
Rain, Old Trees, Disease Cut Ivorian Cocoa Yields
Ivorian Cocoa Strike Lengthens, Talks Awaited In East
Ivorian Cocoa Strike Goes into Second Week - Unions...
Disease Threatens Ghana 2010 Cocoa Goal
Farmers Block Ivorian Cocoa Port, Quality Risk Seen
Ivory Coast Aims to Be Top Cocoa Grinder by 2010

More in Food Industry News
EU Clears France's Diester to Buy Belgium's Oleon
Wal-Mart Dec Sales Disappoint, Cuts Forecast
Dollar Extends Losses vs Yen After Wal-Mart Sales
Campbell Soup Company Makes the Grade by Further Reducing...
USA: YoCream Announces Record Fiscal Year Sales and...
Inter Weichert Appeals against EU Commission Banana...
Opening of First U.S. Food and Drug Administration...
Upbeat Sainsbury Estimates it will Create up to 4,000...
Rwanda Expects Leap in Coffee Output, Income
Austria Retail Food Sector Annual Report 2008

Top Headlines
EU Clears France's Diester to Buy Belgium's Oleon
Wal-Mart Dec Sales Disappoint, Cuts Forecast
Dollar Extends Losses vs Yen After Wal-Mart Sales
In Situ Preparation of Whey Protein Micelles
Aroma-Producing Compositions for Foods
Modified Plant Gums for Preparations of Active Ingredients
Beverage Additive and Method of Making the Same
Nutritious Fabricated Snack Products
Temporally Meal Menu For Infants
Seven & I Posts 7.9 pct Q3 Profit Growth
Modified Vegetable Protein Having Low Levels of Phytic...
Inter Weichert Appeals against EU Commission Banana...
Process for Producing Sugars from Cellulosic Biomass
Opening of First U.S. Food and Drug Administration...
Upbeat Sainsbury Estimates it will Create up to 4,000...
Austria Retail Food Sector Annual Report 2008
Salmonella Outbreak Sickens 388 Across US: CDC
Sainsbury Q3 Sales at Top End of Forecasts
U.S. Food Prices Rise 7 pct in 2008 - Farm Group
Supervalu Profit Beats View, Cuts Costs; Shares Up
Thorntons Says Xmas Sales 2.3 pct Lower
China Marine Food Group Commences Production at New...
Wessanen Starts Buyout Process of Remaining Shares...
UK Shoppers Shifted Record Spending to Online Delivery...
Constellation Brands Reports Q3 Fiscal 2009 Results


 


FLEXNEWS 2008 - All rights reserved
ISSN 1950-6228