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The Collective of National Cocoa Exporters (CENCC) was launched in Côte d'Ivoire to help make the sector more competitive.
In a context of sluggish international markets in terms of the price of raw materials First, a group of Ivorian exporters decided to revitalize the cocoa sector by joining forces
They decided to join the CENCC, the Collective of National Cocoa Exporters (CENCC).
See also: Côte d'Ivoire threatened by the climate
This organization includes 12 exporters out of the 21 in the country and wants to give itself the means to "compete" with multinationals in the sector such as Switzerland Barry Callebaut Cargill, an American, or Olam, a Singaporean.
The CENCC wants to work for a reduction in operating costs in order to be more competitive, while Côte d'Ivoire qu i is the world's leading producer, knows a 2018 cocoa campaign quite difficult.
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"We are leaving a difficult campaign (…) because of the difficulties to be competitive because that we work individually ", explains Albert Diadhiou the president of the CENCC which specifies that the initiative of the exporters consists in pooling their efforts in order to help" to solve the problem of competitiveness ".
At least 185 billion CFA francs , nearly 280 million euros, were lost by Côte d'Ivoire in the mismanagement of its cocoa sector during the 2016-17 season, according to an audit report by KPMG.
Falling prices had led to the defects of some 30 small local exporters who speculated on the rise.
Copyright imageCENCC
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The CENCC wants to help make the industry more profitable Competitive Read
Read also: Côte d'Ivoire: cocoa farmers strike
More than 200,000 tons of cocoa were unsold, out of a total annual production of 2 million tons, KPMG estimated. [19659002] "Taken individually, sales prices are pulled down. This will no longer be the case with the CENCC, which will have to improve its selling prices on the market, "said Diadhiou.
According to the World Bank, cocoa is strategic for Côte d'Ivoire, which is the world's largest producer, with 40% of the market.
See also: Côte d'Ivoire: the intermediate price of cocoa drops
Cocoa represents 10% of Ivorian GDP, 40% of export earnings and makes 4 million people, or one-sixth of the Ivorian population
The problems affecting the cocoa sector in Côte d'Ivoire therefore have a direct and significant impact on the Ivorian economy.
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