00:01It's a hard blow for Ivory Coast's cocoa farmers.
00:05The country's Minister for Agriculture announced on Wednesday that the price paid to cocoa growers would be cut by almost
00:1260%.
00:13The move comes amid a global slump in demand for cocoa and an oversupply crisis.
00:24Since December 2025, we have all observed a collapse in cocoa prices on the international market.
00:32Today, the drop is around 70%.
00:36Despite the situation, the guaranteed farm gate price on Ivory Coast was maintained.
00:43To date, more than 1.5 million tons of cocoa have effectively been paid to producers at the price of
00:522,800 CFA francs.
01:00Last autumn, the authorities set the price to a record high of 2,800 CFA francs a kilo.
01:08But global prices plunged this year and Ivorian cocoa is now out of tune with the international market.
01:17The stabilization system has remained resilient.
01:22But the continuing collapse of cocoa prices on the international market forces us to make an adjustment.
01:32The cocoa sector accounts for 14% of Ivory Coast's gross domestic product.
01:38Five million people depend on it for their living.
01:41That's it.
01:42No problem.
01:43What do we have to do?
01:44The
01:44smartphone is over 200%.
01:46The
Comments