Cargill and Wilmar Seeking to Buy Liquidated Cocoa Assets in Ivory Coast

Agro-industry firms Cargill, Wilmar and Touton have made offers for the liquidated assets of Ivory Coast’s top cocoa exporter SAF-Cacao, bankers and sources at the country’s cocoa board (CCC) said on Thursday. A court ordered the liquidation of SAF-Cacoa, which purchases between 150,000 and 200,000 tonnes of cocoa beans each season, in July over debts it owed to the CCC, Reuters reported. It owes about 80 billion CFA francs ($143.50 million) to the CCC and 160 billion CFA francs to Ivorian banks. “The most serious candidates are Wilmar, Touton and Cargill, who made offers that will be analyzed on Monday by the creditor banks and the other lender, the CCC,” a CCC official told Reuters. The sources said that Wilmar, which is based in Singapore, and French-based Touton are interested in SAF-Cacao’s Choco-Ivoire grinding plant, which has a capacity of 32,000 tonnes, as well as its other cocoa and coffee factories. Read more.