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Ivory Coast Considers Cocoa Price Cut Amid Global Decline

2/21/2026

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Summary

Story summary

Ivory Coast is considering reducing the farmgate price for cocoa after a global price drop.
The move follows Ghana's decision to cut its cocoa price by nearly 30 percent.
The Ivorian inter-ministerial committee has met to discuss options and urged 'courageous and realistic decisions' to stabilize the sector, while Ivory Coast and Ghana together account for about 60% of world cocoa and face unsold stocks and declining futures prices.

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Story summary

Ivory Coast is considering reducing the farmgate price for cocoa after a global price drop.
The move follows Ghana's decision to cut its cocoa price by nearly 30 percent.
The Ivorian inter-ministerial committee has met to discuss options and urged 'courageous and realistic decisions' to stabilize the sector, while Ivory Coast and Ghana together account for about 60% of world cocoa and face unsold stocks and declining futures prices.