00:02Ivory cost will keep the farm gate price of cocoa unchanged for the crop's main harvest season, the country's agriculture
00:09minister announced.
00:11The government will buy the crop at 1,200 CFA francs or $2.12 a kilo, the same amount announced
00:19in March for the mid-crop season after months of crisis in the sector.
00:29It has been decided that a kilogram of well-fermented, well-dried, well-sorted cocoa will be purchased at the
00:37farm gate price of 1,200 francs per kilo.
00:46Ivory cost, the world's leading cocoa producer, in March cut the price paid to its growers by nearly 60%
00:54to try to address a sales slump affecting the sector.
00:58The users left growers disappointed.
01:02We were expecting the farm gate price to go back up a bit, either to 2,000 or to 1
01:07,800.
01:08That was the hope. Unfortunately, it is still stuck at 1,200.
01:14Well, they are the ones who've done their calculations. Honestly, it's a disappointment, in a way. But what can we
01:21do about it?
01:22We would have liked a bit more, up to 1,500. And we will calmly go back to our plantations
01:30and carry on working.
01:32Cocoa accounts for 14% of the West African country's gross domestic product and around 5 million people depend on
01:40it for their living.
01:41Global cocoa prices began to plunge in 2025 after shooting up in 2024.
01:47GROAti-4
01:49GROAAC
