Ivory Coast, the world's leading cocoa producer, on Wednesday cut the price paid to its growers by nearly 60%, the government said, to try to address a sales slump affecting the sector.
Breakdown
- Government announces a 60% cut in cocoa prices for farmers 5s
- Global cocoa prices have dropped by about 70% since December 2025 24s
- Farmers previously received a guaranteed 2,800 CFA francs per kilo 44s
- Price adjustment needed as Ivorian cocoa is misaligned with global market 1m 9s
- Cocoa sector makes up 14% of GDP and supports 5 million people 1m 33s