The government of Côte d’Ivoire has reduced cocoa farmgate prices by nearly 60% in response to falling global prices and oversupply. The new producer price is set at about 1,200 CFA francs per kilogram. Officials say the adjustment is intended to stabilise the cocoa sector and align local prices with international market conditions. The country, the world’s leading cocoa producer, has faced mounting pressure from weaker global demand and excess supply. Farmers are expected to experience reduced incomes as a result of the price cut.
Authorities argue the measure will help manage surplus stocks and support long-term market balance. The decision reflects ongoing challenges in maintaining stability in the cocoa industry. Analysts say the move underscores the vulnerability of producers to fluctuations in global commodity markets.
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