Ivory Coast has raised the fixed farmgate price paid to cocoa farmers by 20% to 1,800 CFA francs ($3.09) per kilogram for the upcoming season.
Agriculture Minister Kobenan Kouassi Adjoumani announced the increase on Monday, ahead of the 2024/25 cocoa season, which begins on October 1.
The price hike aims to support farmers following a challenging season marked by a 25% drop in cocoa production across West Africa.
Ivory Coast, the world’s largest cocoa producer, coordinates farmgate prices with Ghana to sustain the cocoa sector and enhance farmer incomes.
In early September, Ghana raised its farmgate price by nearly 45% to 48,000 cedis ($3,043.75) per metric ton.
The government is also supporting coffee farmers, increasing the guaranteed minimum price to 1,500 CFA francs ($2.57) per kilogram from 900 CFA francs last season.
These measures are part of a broader strategy to encourage agricultural production and improve the livelihoods of farmers in the region.
