Ivory Coast Considers Cocoa Price Cut Amid Market Crisis

Ivory Coast is contemplating a reduction in the guaranteed farm gate price paid to cocoa farmers, following Ghana's recent decision to cut its own price by 28.6% for the 2025/2026 season. This move comes as both countries, which together account for approximately 60% of global cocoa production, face a significant downturn in cocoa prices, which have plummeted nearly 50% in recent months. Senior officials from Ivory Coast have indicated that all options are being considered, with discussions ongoing within the government and with Ghana under the Ivory Coast–Ghana Cocoa Initiative (ICCIG).

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The cocoa sector is vital to the economies of both Ivory Coast and Ghana, with millions of smallholder farmers relying on cocoa production for their livelihoods. Ghana's price cut, announced on February 12, has raised concerns among analysts and farmers alike. The Africa Policy Lens think tank criticized the Ghana Cocoa Board for its management decisions, suggesting that the price reduction reflects deeper structural issues rather than merely global market forces. They argue that the cut could severely impact rural incomes and exacerbate poverty in cocoa-growing communities.

Cocoa price cut will deepen farmer hardship, reflects policy failures – Africa Policy LensUsNews and World ReportToday in Africa — Feb 18, 2026: Egypt Refugee Death Exposes Deepening Crackdown, Gabon Shuts Down Social MediaThe Straits Times

Officials from Ivory Coast have stated that "courageous and realistic decisions will be taken soon" regarding the farm gate price. Alex Assanvo, Executive Secretary of ICCIG, emphasized the need for coordinated measures to prevent long-term damage to the cocoa sector. He noted that the organization remains mobilized to address the financial pressures faced by farmers.

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Critics of Ghana's price cut, including the Africa Policy Lens, argue that the decision could lead to increased food insecurity and discourage young people from entering cocoa farming. They have called for structural reforms within the Ghana Cocoa Board, including the establishment of a price stabilization fund and greater transparency in pricing decisions. The think tank warns that the crisis is both structural and managerial, with farmers bearing the consequences of decisions made by policymakers.

Cocoa price cut will deepen farmer hardship, reflects policy failures – Africa Policy Lens

As discussions continue, exporters and industry insiders expect Ivory Coast to announce its price cut imminently. The consensus among market observers is that the question is no longer if Ivory Coast will follow Ghana's lead, but rather when this decision will be made. The ICCIG is preparing to convene stakeholders to review market developments and propose improvements to price stabilization mechanisms.

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• “We must think about the survival of the cocoa sector in Ivory Coast. We need to act; changes are underway,” — Senior Ivory Coast Official

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• “The country is resisting, but for how long? I don't see Ivory Coast doing something different from Ghana,” — Head of an Abidjan-based export company

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• “This reflects a failure to read market signals and execute a dynamic sales strategy,” — Africa Policy Lens Statement

Cocoa price cut will deepen farmer hardship, reflects policy failures – Africa Policy Lens

In conclusion, as Ivory Coast weighs its options in response to Ghana's price cut, the implications for farmers and the broader cocoa industry remain significant, highlighting the urgent need for effective policy responses to stabilize the sector.

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