Cocoa spec position reaches six-month high

Mounting tension ahead of next month’s presidential election in Ivory Coast, coupled with a drier-than-normal little dry season—not to mention a significant weakening of the dollar—have combined to support continued fund buying of cocoa. In its most recent report, the Commodity Futures Trading Commission [...]

Ivory Coast updates: Will Gbagbo run? Will Ouattara?

Former Ivorian president Laurent Gbagbo has applied for a passport so he can visit Ivory Coast, according to a statement by his lawyer reported by CGTN. Gbagbo, ousted after refusing to recognize an election won by current president Alassane Ouattara in 2010, was acquitted [...]

Ouattara will not run for third term in Ivorian election

Ivory Coast president Alassane Ouattara has announced that he will not run for a third term, ending months of speculation. Ouattara had previously argued that his past and current term would not count towards term limits outlined in the country’s newly adopted constitution. The [...]

Cocoa midcrop concerns, election uncertainty catch spec interest

Cocoa prices have surged $450 per MT, up 20 percent from the start of this year. Although cocoa bean arrivals to date are running close to last year’s record crop, hot and dry conditions have sparked concerns for the potential of the coming midcrop. [...]

Ivorian political drama ahead of October elections

The men who would be president? Amid a healthy main crop, the political environment in Ivory Coast is gaining more attention with dramatic developments in the last month. Might Alassane Ouattara run once more? Recognized as the winner of the 2010 presidential election, Ouattara [...]

New government for top cocoa origin Ivory Coast

Hints from Ivorian President Alassane Ouattara that the two-term president might consider running for a third term did not sit well with some of the parties within his ruling coalition. The story was enough to scotch a planned merger between Ouattara’s RDR and its [...]