{"id":497724,"date":"2026-03-01T15:43:08","date_gmt":"2026-03-01T15:43:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/497724\/"},"modified":"2026-03-01T15:43:08","modified_gmt":"2026-03-01T15:43:08","slug":"ivory-coast-cocoa-price-reduction-takes-effect-march-1","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/497724\/","title":{"rendered":"Ivory Coast cocoa price reduction takes effect March 1"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Ivory-Coast-cocoa-price-reduction-takes-effect-March-1-2023799?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/03\/79960738.295.jpg\" alt=\"File photo of cocoa farmers\" title=\"File photo of cocoa farmers\" width=\"295\" height=\"179\" \/> <\/a>File photo of cocoa farmers<\/p>\n<p id=\"article-123\">Ivory Coast will reduce the farm-gate price of cocoa starting Sunday, March 1, 2026, as the government moves to address mounting unsold stock. <\/p>\n<p>Farmers will receive between 800 and 1,000 CFA francs ($1.45\u2013$1.81) per kilogram, a sharp drop from the current main crop price of 2,800 CFA francs.<\/p>\n<p>The adjustment effectively brings forward the mid-crop season, marking the first time the West African nation has reclassified cocoa harvested in March as part of the mid-crop rather than the main crop. <\/p>\n<p>Ivorian government say the measure is designed to stimulate sales and ease pressure from excess supply, following a downturn in global cocoa prices that has left large volumes stranded inland and at ports.<\/p>\n<p>Government and regulatory sources told Reuters that the pricing shift is intended to make Ivorian cocoa more competitive internationally. <\/p>\n<p>The move shows the challenges facing the world\u2019s largest cocoa producer, which has struggled to offload stock as international buyers turn away from comparatively expensive beans.<\/p>\n<p>The announcement comes shortly after Ghana reduced its producer price to GH\u00a241,392 per tonne, equivalent to GH\u00a22,587 per bag for the remainder of the 2025\/2026 crop season.<\/p>\n<p>SA<\/p>\n","protected":false},"excerpt":{"rendered":"File photo of cocoa farmers Ivory Coast will reduce the farm-gate price of cocoa starting Sunday, March 1,&hellip;\n","protected":false},"author":2,"featured_media":497725,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-497724","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/497724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=497724"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/497724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/497725"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=497724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=497724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=497724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}