Crop Trader Sucden Shuts Cocoa Buying Center In Ivory Coast Port
What Happened?
French crop trader Sucres et Denrées SA (Sucden) has **closed its cocoa buying operations at the port of San Pedro in Ivory Coast, one of the world’s most important cocoa hubs.
The closure occurred during the peak of the West African main cocoa harvest season, surprising farmers and exporters who rely on active buying centers to offload beans.
Why It Matters?
Ivory Coast is the world’s largest cocoa producer, supplying a major share of the beans used in global chocolate production.
San Pedro’s port is a strategic logistics hub because it’s close to key bean-growing regions, making shutting down the center a disruption to normal trade flows.