Name: Ivory Coast cocoa producers suffer amid global price fall
Uploaded: 2026-03-24T20:48:31.788Z
Duration: 2 min 25 s
Description: Cocoa farmers in Ivory Coast are counting on losses from the reduced global prices.

Cocoa farmers in Ivory Coast are counting on losses from the reduced global prices.

Yamoussoukro

Cocoa farmers in Ivory Coast are facing severe economic challenges as global cocoa prices have dropped sharply, leaving large quantities of unsold beans and causing substantial financial losses. The government, which sets the purchase price for cocoa, recently reduced the rate from a record $5 per kilo to $2 per kilo in response to the crisis.

This price cut has affected the livelihoods of millions who depend on cocoa farming, with cooperatives and exporters struggling to absorb the losses. Although the Cocoa Council pledged to buy back unsold beans, many producers report that only a small fraction of their stock has been collected, deepening concerns within the sector.

Ivory Coast cocoa producers suffer amid global price fall

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