Abidjan, March 4, 2026 (AFP) - Ivory Coast cuts cocoa producer price by nearly 60 percent: govt

NAMPA / AFP

2026-03-04

Ivory Coast, the world's leading cocoa producer, cut Wednesday the price paid to its growers by nearly 60 percent, the government said, in a bid to address a sales slump affecting the sector. Agriculture Minister Bruno Kone announced the reduction to 1,200 CFA francs a kilo ($2, 1.82 euros) -- which comes amid a fall in world cocoa prices and an oversupply crisis. "The price of cocoa on the international market is forcing us to make an adjustment......

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