Ivory Coast sets cocoa farmgate price at 1,200 CFA francs per kg for 2026/27 main crop, official says
The Ivory Coast government has maintained the farmgate price for cocoa at 1,200 CFA francs per kilogram for the 2026/27 season. This decision follows a period of significant price volatility in global cocoa markets.
Why it matters
Cocoa pricing directly impacts the livelihoods of farmers in the world's largest producing nation and influences global chocolate supply chains.
ABIDJAN, Sept 1 (Reuters) – Ivory Coast has maintained the fixed farmgate price paid to cocoa farmers at 1,200 CFA francs (around $2.12) per kg for the 2026/27 main crop season, agriculture minister Bruno Kone said on Tuesday.
The announcement coincided with the launch of the main crop season in the world’s largest cocoa producer, with harvests expected to run until February 28, 2027.
The farmgate price is the amount of money farmers receive for their product after harvest and before any intermediaries, exporters, processors, traders or cooperatives add value.
Ahead of last year’s main crop, Ivory Coast announced a record farmgate price of 2,800 CFA francs per kg, though the government cut it to 1,200 CFA francs in March for the mid-crop to stimulate sales after global cocoa prices retreated sharply from record highs.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in