AGP Executive Report
Last update: an hour agoCocoa Supply Shock: Côte d’Ivoire is sitting on about 350,000 tonnes of unsold cocoa—nearly triple the earlier official estimate—pushing 2025/26 output expectations higher and weighing on global prices, with ICE futures slipping from above $4,000/tonne to the high $3,700s. Child Labour Pressure: Ahead of World Day Against Child Labour, Tony’s Chocolonely renewed scrutiny of cocoa supply chains, citing 1.56 million children affected in Ghana and Côte d’Ivoire, with most exposed to worst forms of labour. Capital Markets Push: Abidjan’s BRVM CEO says it’s “time to come to Africa,” urging investors as the regional exchange targets more financing for fast-growing WAEMU economies. Fertilizer Investment: Daewoo E&C says it completed a $265m Indorama Fertilizer III project in Nigeria, boosting ammonia and urea capacity to support agricultural demand. World Cup Business Angle (Ivorian tie-in): Côte d’Ivoire’s World Cup base camp is at Subaru Park in Philadelphia, highlighting how major tournaments are driving operational and services demand around African teams. Trade Integration: AfCFTA is on track for $250bn intra-African trade in 2026, with Lagos highlighted as an industrial and digital hub.
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