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Across Your Markets

First production of LNG has successfully started from the Hilli Episeyo vessel off Cameroon. Hilli Episeyo has a relatively small production capacity of 2.4 million tonnes a year and its first cargo will be loaded around early April 2018 (Bloomberg).     The Monetary Policy Committee of West Africa’s CFA regional central bank (BCEAO) holds its benchmark interest rate unchanged at 2.5 percent (7 Mar 2018)    Cote d’Ivoire and Cameroon among the top 5 banana exporters to Spain with volumes of around 5,000 tonnes and 3000 tonnes respectively in August 2016    LafargeHolcim is expanding cement production capacity in Cameroon to 2.1million tonnes from 1.6 million tonnes to compete more aggressively with Dangote which plans to boost capacity to 3 million tonnes within 3 years     Uber technologies plans to offer its services in Cote d’Ivoire, Cameroon and Senegal in 2017 according to Alon Lits, its general manager for sub Saharan Africa    Nestlé, Brasseries du Cameroun and Camlait now among 55 companies allowed export duty-free access to the central African economic bloc

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Friday, December 14, 2018

Cocoa

From Noha Nyamedjo and Transmar to Itochu: An unrelenting cocoa market exposes trader’s soft underbelly

Franc view: Cocoa’s implacable market has claimed a scalp in the name of Japanese trader Itochu Corp, via its partnership with the Transmar Group. Transmar currently faces a precarious financial situation which could impact its other investments along the West African cocoa belt, most recently the cocoa processing unit in Douala, Cameroon – Noha Nyamedjo

Cocoa: West African farmgate prices at the mercy of a bearish market in Q2-2017

Cocoa prices may have further to fall Franctrade view: Cocoa prices could drop significantly in the second half of 2016-17 year on account of a bumper ‘small season’ crop in Cote d’Ivoire. Production forecasts on the ground indicate that the main season crop (October to March) will be on par with last season’s at between 1.2 to

Cargill profits boosted by cocoa and chocolate products

  Demand for protein a key pillar for Cargill Agribusiness giant Cargill, part of the quartet of companies that dominate global agricultural markets, today reported financial results for the fiscal 2017 first quarter that ended on August 31, 2016. Although revenues were moderately lower compared with last year at USD 27.1 billion, operating profit rose sharply by

Cocoa: Cargill flexes its muscle in West Africa, laments the current supply squeeze

Still a roller coaster market The cocoa market has been awash with activity. Last week, we reported a steep decline in prices in anticipation of better supply out of top producer Cote d’Ivoire. News that Cote d’Ivoire would cancel up to 250,000 tonnes of forward-sold 2016/17 cocoa further spooked the market which tumbled heavily as a result. That news

Côte d’Ivoire tightens regulations to curb speculation in cocoa’s rollercoaster market

Sales contract within 6 days The Cocoa and Coffee Advisory Board of Côte d’Ivoire has tightened the regulatory procedure for purchasing cocoa in order to stifle speculation in the market. According to a recent communique, local buyers need to present a sales contract 6 days after a successful bid on the daily cocoa market auction.

Cocoa market investors must revisit portfolios after prices fall sharply in New York

FrancTrade view: Investors, financial market participants and other stakeholders exposed to the cocoa sector are advised to revisit their portfolios after today’s sizeable decline in cocoa prices on the New York exchange. Prices fall 4% on Friday Cocoa futures quoted on the New York exchange have fallen to their lowest level in 7 months. The December

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