Ivory Coast Sets Farmgate Cocoa Price Above Ghana

Ivory Coast has raised the price it pays farmers for their cocoa above Ghana, even as growers in both countries will continue to receive far less than the global market.

The world’s top producer of the chocolate-making ingredient increased the farmgate price by 20% to 1,800 CFA francs ($3.06) per kilogram for the harvest that starts on Oct. 1, Minister of Agriculture Kobenan Kouassi Adjoumani said in the capital, Abidjan.

The rate, which translates to $3,060 per ton is a notch higher than what Ghana started paying farmers at the beginning of its season this month at $3,039 per ton.

Read more here https://www.bloomberg.com/news/articles/2024-09-30/ivory-coast-sets-cocoa-price-for-next-harvest-above-ghana