date:Aug 25, 2015
orts.
The scheme will see 200,000 tonnes of international contracts assigned to local exporters from the Groupement des ngociants ivoiriens (GNI) group.
These contracts have proved unpopular with offtakers due to a perception that the local exporters carry a higher counterparty risk.
This has forced the CCC to resell the contracts at at heavily discounted rates, leaving the body paying a heavy price in order to support a handful of local exporters.
This is a questionable use of resources, as