Ivorian cocoa farmers face a 57% price cut despite rising global markets
The Ivory Coast's cocoa board set the 2026-27 harvest price at 1,200 FCFA per kilo, a 57% drop from the previous rate, even as world prices have risen.
Ivory Coast's cocoa authorities have reduced the farmgate price for the upcoming main harvest to 1,200 FCFA per kilogram, a steep 57% decline from the previous 2,800 FCFA rate. The Council of Coffee-Cocoa explained that the move reflects sharp swings in international cocoa markets, where prices dropped from roughly $7,000 a tonne to $3,200 before recovering to near $5,900. In addition, the board cut the price for the shorter harvest season to 1,200 FCFA. Despite the rebound in global prices on major exchanges, the council chose to keep the main season price steady, leaving farmers with significantly lower earnings.
Why it matters
Cocoa farmers in the world's top producer face sharply lower incomes despite improving global prices.
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