Ivory Coast has announced plans to purchase the entire volume of cocoa stockpiled by the country\u2019s cooperatives, a move aimed at protecting farmers\u2019 incomes as global cocoa prices fall to their lowest level in two years.<\/p>\n
The intervention comes as slowing exports have led to a buildup of unsold cocoa, putting pressure on producers in Ivory Coast<\/span><\/span>, where the cocoa sector accounts for about 14 percent of gross domestic product and supports the livelihoods of roughly one in five citizens.<\/p>\n Speaking on Tuesday, Agriculture Minister Kobenan Kouassi Adjoumani<\/span><\/span> said the government had adopted what he described as a \u201csimple and effective\u201d strategy to stabilize the market and ensure farmers are paid.<\/p>\n Under the plan, the state will work through selected national operators to buy and collect cocoa in cooperation with established partners, including processors, multinational firms and international exporters.<\/p>\n Ivory Coast is the world\u2019s largest cocoa producer, but recent months have seen prices drop sharply, falling by about five dollars per kilograme. The decline follows a surge in prices in late 2024, which prompted chocolate manufacturers to cut back on cocoa use and led to weaker export demand, particularly from Europe and Asia.<\/p>\n Officials say the government\u2019s intervention is designed to prevent farmers from bearing the full impact of volatile global prices, while helping to clear excess stocks and restore confidence across the cocoa supply chain.<\/p>","protected":false},"excerpt":{"rendered":" Ivory Coast has announced plans to purchase the entire volume of cocoa stockpiled by the country\u2019s cooperatives, a move aimed at protecting farmers\u2019 incomes as global cocoa prices fall to their lowest level in two years. The intervention comes as slowing exports have led to a buildup of unsold cocoa, putting pressure on producers in<\/p>","protected":false},"author":1,"featured_media":15039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_1160854738579181570_1160854738579181570":"","facebook_3558452337540614_100649324928663":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[41],"tags":[1494,2783,2784,2785,2786,137,969],"class_list":{"0":"post-15038","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-agriculture","9":"tag-cocoa","10":"tag-commodity-prices","11":"tag-farmers","12":"tag-global-trade","13":"tag-ivory-coast","14":"tag-west-africa"},"yoast_head":"\n