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2026-09-21 21:00:13
[Ivory Coast Cocoa Arrivals Slow Down, Regulators Optimistic About Market Outlook] ⑴ The Ivorian cocoa regulator stated that cocoa shipments from the country are expected to accelerate in the coming weeks as the new marketing and traceability system gradually becomes operational. ⑵ As the world's largest cocoa producer, Ivory Coast exports approximately 70% of its production to Europe. Exporters had previously warned that problems with the new system could disrupt supplies in October and November. ⑶ Since September 1st, all cocoa purchases must use electronic producer cards. The new regulations also require cooperatives and authorized buyers to use bills of lading that prove cocoa beans were purchased according to the traceability system procedures. ⑷ Ivory Coast accounts for approximately 40% of global production; a significant or sustained disruption to its exports could drive volatility in global cocoa prices. ⑸ The head of the Coffee and Cocoa Council stated that the system is still in its early stages but is functioning well. Once electronic payment terminals and other equipment are distributed, transaction volumes under the traceability system are expected to increase. (6) Exporters reported zero port arrivals at the beginning of the 2026/27 marketing year from September 1st to 7th, reaching approximately 4,500 tons by September 13th. (7) The official stated that this is a slow process, but they will be prepared to handle a large volume of goods in October. (8) Overall, the new traceability system has temporarily slowed down procurement and export activity, but regulators are optimistic about the expected increase in volume next month. The actual impact of the rollout of the electronic card system and compliance with EU deforestation regulations on trade flows needs to be monitored.
