I.Coast Cacao Traders Call For Greater Share Of Local Market

I.Coast Cacao Traders Call For Greater Share Of Local Market


I.Coast Cacao Traders Call For Greater Share Of Local Market
02/09/21 AT 6:14 AM
Cacao merchants in Ivory Coast on Tuesday attacked a "monopoly" of the world's major purchasers of the raw material for chocolate, and called for local traders to get a greater share of the national market.
In Ivory Coast's latest broadside at international players in the chocolate business, the Group of Ivorian Traders (GNI) said it was time to "end the monopoly" of six corporations who dominate purchases of locally-grown cacao.
"The six multinationals who make purchases in Ivory Coast through their subsidiaries absolutely should be required to systematically allot 20 to 30 percent of their contracts to Ivorian processors and exporters," said GNI spokesman Fabien Guei.

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