{"id":86221,"date":"2025-08-23T00:22:09","date_gmt":"2025-08-23T00:22:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/86221\/"},"modified":"2025-08-23T00:22:09","modified_gmt":"2025-08-23T00:22:09","slug":"higher-cocoa-prices-unlikely-to-benefit-ghana-and-cote-divoire","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/86221\/","title":{"rendered":"Higher cocoa prices unlikely to benefit Ghana and C\u00f4te d&#8217;Ivoire"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Higher-cocoa-prices-unlikely-to-benefit-Ghana-and-C-te-d-Ivoire-Fitch-Solutions-1997368?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/12827732.295.jpg\" alt=\"File photo of cocoa beans\" title=\"File photo of cocoa beans\" width=\"295\" height=\"205\" \/> <\/a>File photo of cocoa beans<\/p>\n<p id=\"article-123\">Research firm Fitch Solutions has revealed that despite global cocoa prices soaring to record levels in 2025, top cocoa-producing countries such as Ghana and C\u00f4te d\u2019Ivoire are unlikely to reap the full economic benefits.<\/p>\n<p>Data shows that average cocoa prices reached US$8,900 per tonne between January and July 2025, more than triple the long-term average of US$2,500 per tonne recorded from 2005 to 2023.<\/p>\n<p>According to Fitch, while prices are expected to gradually ease to around US$6,900 per tonne between 2026 and 2030 as global supplies recover, they are still projected to remain well above historical levels.<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Ghana-currently-pays-the-highest-farmgate-prices-in-West-Africa-COCOBOD-1997073\" rel=\"nofollow noopener\" target=\"_blank\">Ghana currently pays the highest farmgate prices in West Africa &#8211; COCOBOD<\/a><\/p>\n<p>However, Fitch Solutions cautions that these elevated prices are unlikely to translate into major economic windfalls for the region\u2019s top cocoa producers.<\/p>\n<p>\u201cOur view that structurally higher cocoa prices will not create major economic windfalls for Africa\u2019s cocoa-producing nations in the coming years rests on three key factors,\u201d Fitch noted.<\/p>\n<p>Why prices are not helping enough<\/p>\n<p>The first major factor is the pricing mechanism. Both Ghana and C\u00f4te d\u2019Ivoire use government-controlled marketing boards to set farmgate prices, the amount paid to farmers. <\/p>\n<p>While both countries have increased farmgate prices in recent seasons, Fitch points out that the gap between farmgate and international prices remains wide.<\/p>\n<p>Secondly, fiscal and operational constraints limit how much of the global price increase can be passed on to local farmers.<\/p>\n<p>Although farmer incomes have improved somewhat, they still fall significantly short of global benchmarks, reducing the broader impact on household spending and domestic economic activity.<\/p>\n<p>As a result, even with cocoa prices at historic highs, many farmers and national economies are missing out on the full potential benefits.<\/p>\n<p>SP\/MA<\/p>\n<p>Meanwhile, watch the trailer to GhanaWeb\u2019s upcoming documentary on teenage girls and how fish is stealing their futures below:<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"File photo of cocoa beans Research firm Fitch Solutions has revealed that despite global cocoa prices soaring to&hellip;\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":["post-86221","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/86221","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=86221"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/86221\/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=86221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=86221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=86221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}