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Tag: Cocoa farmer

Business

African cocoa farmers demand $6000/tonne floor price

The Cocoa and Coffee Farmers Alliance Association of Africa has called for a unified African cocoa producers’ bloc and a minimum floor price of not less than $6,000 per metric tonne, to coordinate production and strengthen bargaining power for farmers across the continent. The association said the measures would help end Africa’s dependence on commodity […]

Agribusiness featured

Cocoa price volatility threatens Africa’s farmers, group warns

The Cocoa and Coffee Farmers Alliance Association of Africa has identified persistent market volatility as one of the greatest obstacles to the sustainable development of Africa’s cocoa industry, warning that fluctuating prices continue to weaken farmers’ livelihoods and discourage investment throughout the value chain. The PUNCH reported that speaking ahead of the Cocoa and Coffee […]

Cocoa hits largest weekly gain in 24 years at $6,470 as Nigeria's supply drops
Business

High fuel costs disallow cocoa processors amid price slump

Nigeria’s cocoa processors are struggling to benefit from the recent cocoa price collapse, with the industry failing to capitalise on cheaper raw materials after prices plunged 83 per cent from 2024 peaks. The price drop, which has seen cocoa trade around N2.5 million per metric ton from a 2024 peak of N15 million, ought to […]

Agribusiness featured

Cocoa farmers lament 70% price crash in Ondo, Osun, Ekiti

Cocoa farmers in Ondo, Osun, and Ekiti States are facing severe financial hardship due to a massive crash in cocoa bean prices. This sharp decline has plunged many into despair and severely affected their livelihoods. People’s Gazette reported that in separate interviews with journalists on Sunday, the farmers described how the price reversal from a […]

News

Ghana hikes cocoa farmgate price

Ghana has raised the farmgate price for cocoa farmers to 49,600 Ghanaian cedi ($3,062) per metric ton, up from the initial 48,000 cedi announced at the start of the 2024/25 season. The farm gate price refers to the amount a farmer is paid for their goods at the point of production, meaning directly at the […]

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