{"id":193558,"date":"2025-10-11T20:51:13","date_gmt":"2025-10-11T20:51:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/193558\/"},"modified":"2025-10-11T20:51:13","modified_gmt":"2025-10-11T20:51:13","slug":"farmers-to-benefit-as-ivory-coast-lifts-cocoa-price-to-record-high","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/193558\/","title":{"rendered":"Farmers to benefit as Ivory Coast lifts cocoa price to record high"},"content":{"rendered":"

\"President <\/a>President Ouattara increases cocoa farm gate price in Ivory Coast<\/p>\n

The world’s leading cocoa producer, Ivory Coast, has raised its cocoa farmgate price to a record $4.50 equivalent to 2,800 CFA francs per kilogram, a move that could significantly boost farmer incomes and influence the political climate ahead of the country\u2019s October 25 presidential election.<\/p>\n

This is according to a report by africa.businessinsider.com<\/p>\n

President Alassane Ouattara, who is seeking a fourth term, announced the increase from $3.40 earlier this year, marking a substantial rise in response to surging global cocoa prices in 2024.<\/p>\n

For Ivory Coast, cocoa is not just a commodity, it is the backbone of the economy.<\/p>\n

The sector contributes about 14% of the country’s GDP, accounts for 40% of global supply, and supports approximately five million people, either directly or indirectly.<\/p>\n

Government increases 2025\/26 cocoa crop season price again<\/a><\/p>\n

The timing of the price hike has drawn attention from analysts, who see it as both an economic relief measure and a strategic political gesture ahead of the polls.<\/p>\n

The decision is also expected to send ripples across West Africa\u2019s cocoa belt, particularly in Ghana and Nigeria, where governments often adjust prices in response to Ivorian policy shifts.<\/p>\n

However, the Ghana Cocoa Board (COCOBOD) may face pressure to raise its own farmgate prices to prevent cross-border smuggling and maintain farmer loyalty.<\/p>\n

With global demand soaring and climate pressures threatening future yields, the latest Ivorian cocoa price signals a new era in which African producers could wield greater influence in setting the terms of trade for one of the world\u2019s most valuable commodities.<\/p>\n

SP\/MA<\/p>\n

Watch the latest edition of BizTech below:<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"President Ouattara increases cocoa farm gate price in Ivory Coast The world’s leading cocoa producer, Ivory Coast, has…\n","protected":false},"author":2,"featured_media":86222,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-193558","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/193558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=193558"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/193558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/86222"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=193558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=193558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=193558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}