JA DECRYPTION – The two West African countries have formed an alliance with the aim of countering international players in the cocoa sector. Why was this partnership necessary? Is it really effective? How does the Abidjan-Accra axis does he position on an international scale ? What are the benefits for growers? Capcov takes stock of the issues and challenges that arise in this strategic sector.
1. Why did Côte d’Ivoire and Ghana form an alliance?
Rehabilitate the place of cocoa farmers by increasing their remuneration. This is the main objective of the alliance, nicknamed “Cocoa OPEC”, established in 2018 by Côte d’Ivoire and Ghana. These two countries, first et second world producer of beans (with respectively 2.2 million and 1 million tonnes produced during the 2020-2021 campaign), provide nearly 70% of the cocoa supply at the international level. Armed with this position, they want to correct a historical pitfall which makes planters the weakest link – even though they are essential – in the cocoa chain.
Producing countries receive only 6% of the revenue from a market of 130 billion of dollars