Name: Cocoa beans rot in Ivory Coast after commodity crash
Uploaded: 2026-03-09T12:32:05.474Z
Duration: 2 min 15 s
Description: In 2024, a surge in cocoa on international markets reached more than $12,000 per metric ton, the highest in decades. Then it crashed to around $4,000 as supply outstripped demand

In 2024, a surge in cocoa on international markets reached more than $12,000 per metric ton, the highest in decades. Then it crashed to around $4,000 as supply outstripped demand

Yamoussoukro

Farmers in Ivory Coast are facing significant financial hardship following a steep decline in international cocoa prices. The government has reduced the price it pays to farmers by more than half, but many producers still remain unpaid and are unable to find buyers for their dried cocoa beans.

This downturn has led some farmers to consider abandoning cocoa farming in favor of other crops such as cassava or cashew. While the Ivorian government has pledged to pay outstanding obligations, many farmers believe there are deeper structural issues in the cocoa trade, despite a recent surge in global cocoa prices to record highs.

Cocoa beans rot in Ivory Coast after commodity crash

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