Ivory Coast Lifts Ecom Cocoa, Coffee Export Ban

MarineLink.com
Friday, April 25, 2014
Courtesy Ecom

Top cocoa grower Ivory Coast has reinstated the export licence of Swiss agricultural trader Ecom Agroindustrial Corp Ltd's local unit, rescinding a ban imposed in a dispute over farmer bonuses, a document from the marketing board showed.

The Coffee and Cocoa Council, CCC, imposed the suspension, which also barred Ecom subsidiary ZAMACOM from participating in cocoa auctions, on Feb. 4.

Several farmer cooperatives had complained to the CCC that ZAMACOM owed them premium payments for certified cocoa produced during the 2012/13 season.

Ecom denied it had failed to make the payments.

Ecom has agreed to take over Armajaro Trading (ATL), the loss-making trading arm of London-based Armajaro Holdings Ltd, though the deal is subject to approval by EU competition authorities. Following the suspension, ATL voiced fears that the dispute risked scuppering the deal.

"The CCC lifts the export suspension on the company ZAMACOM starting from this day," read a note to CCC agents signed by the board's managing director Massandje Toure posted at the cocoa entry point at the port of Abidjan.

A CCC official at the port said the same document had also been posted at Ivory Coast's second port in San Pedro.

The document dated March 28 gave no further explanation of the decision. Both the CCC and ZAMACOM declined requests from Reuters for comment.

CCC officials, who asked not to be named, said the company - believed to have had stocks of 15,000 to 20,000 tonnes of cocoa at the time the export ban was imposed - has exported around 10,000 tonnes of beans since the measure was rescinded.

ZAMACOM exports on average 80,000 tonnes of cocoa beans and 20,000 tonnes of coffee each season.

(Reporting by Ange Aboa; Writing by Joe Bavier, editing by David Evans)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

DP World to Manage Somaliland Port for 30 Years

DP World has reached an agreement to manage the Berbera port in Somaliland, which would allow it to become a major hub for goods to transit to and from the Horn of Africa,

Abu Dhabi Ports Try to Lure Chinese Businessmen

Abu Dhabi Ports - the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate - presented the integrated offerings of Khalifa

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

Finance

Oman Shipping Makes Profit

Oman Shipping Company (OSC) reported a $180 million profit in 2015. Tariq bin Mohammed Al Junaidi, chief executive officer of OSC has been quoted by  Oman News

Korean Shipbuilder Could Be Liquidated

South Korea's STX Offshore & Shipbuilding Co. has filed for receivership, following massive losses that have mounted up over the past two years, says a report in the WSJ.

Abu Dhabi Ports Try to Lure Chinese Businessmen

Abu Dhabi Ports - the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate - presented the integrated offerings of Khalifa

News

APM Terminals Bahrain Push for Safety, IT systems

Hidd, Khalifa Bin Salman Port, Bahrain - APM Terminals Bahrain, operators of Khalifa bin Salman Port (KBSP), has recently made significant advances in Safety performance

Seized Hanjin Shipping Vessel Resumes Operation in South Africa

Hanjin Paradip resume  its sailing from South Africa as talks continue with owner over unpaid charter fees. The ship had been detained in Richards Bay, South Africa

Deployment: The Transpacific Trade Steps Up To The Plate

In 2015, it was the Asia-Europe route which was the focus of changing deployment trends, says Clarksons Research.   This year, it is the Transpacific trade which

Logistics

Oman Shipping Makes Profit

Oman Shipping Company (OSC) reported a $180 million profit in 2015. Tariq bin Mohammed Al Junaidi, chief executive officer of OSC has been quoted by  Oman News

DP World to Manage Somaliland Port for 30 Years

DP World has reached an agreement to manage the Berbera port in Somaliland, which would allow it to become a major hub for goods to transit to and from the Horn of Africa,

Abu Dhabi Ports Try to Lure Chinese Businessmen

Abu Dhabi Ports - the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate - presented the integrated offerings of Khalifa

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1758 sec (6 req/sec)