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Africanews

Ivory Coast cocoa growers to face 60% price cut on their produce

Africanews · 28 days ago
Africanews
Africanews
28 days ago

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
Rural & AgricultureEconomy