Crop Trader Sucden Shuts Cocoa Buying Center in Ivory Coast Port
Sacks of cocoa beans for shipment abroad from a warehouse in San-Pedro, Ivory Coast.
Photographer: Paul Ninson/BloombergFrench crop trader Sucres et Denrées SA, a major cocoa buyer, has closed its operations in Ivory Coast’s port of San Pedro, according to sources familiar with the matter.
Ivory Coast is the world’s top grower of the crop and many cocoa traders have operations in San Pedro, which is close to key growing regions. Sucden has operations both there and in Abidjan, the commercial hub, from which it can purchase cocoa beans and sell them abroad.