Ivory Coast Holds Its Cocoa Price at a 57% Discount, and 1.1 Million Farmers Feel It
Ivory Coast set the 2026/27 cocoa farmgate price at 1,200 CFA francs a kilo, holding the level it cut to in March and leaving growers 57% below last season's record main-crop price. The post Ivory Coast Holds Its Cocoa Price at a 57% Discount, and 1.1 Million Farmers Feel It appeared first on The Rio Times .
Ivory Coast has set the 2026/27 cocoa price at 1,200 CFA francs per kilogram, which is 57.1% below the previous main crop price of 2,800 CFA francs. This decision was made by the government's marketing body, the Coffee-Cocoa Council, which had already placed over 1.1 million tonnes for the 2026/27 crop before the season began. The price drop significantly impacts the 1.1 million cocoa farmers, as the farmgate price makes up an average of 67% of household income for these farmers.
The reduction will have a direct effect on households that adjusted their spending to the previous record price. The price is still above 1,000 francs paid in 2023/24, representing a return to a higher level rather than a collapse. This decision will also affect the availability of fertilizers, as Ivorian plantations spent more on inputs due to the higher prices in the previous season.
The World Bank predicts a 30% increase in fertiliser prices in 2026, which could further strain the sector. Despite the lower price, the Ivory Coast remains the world's largest cocoa supplier and sets the reference price for the crop.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
