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Cocoa prices plummeted 70% from 2024 highs, hurting West African producers despite government support efforts.
Cocoa prices fell to $3,000 per tonne in early 2026, a 70% drop from 2024 highs, as global supply rebounded and demand weakened.
Côte d’Ivoire and Ghana, which produce 70% of the world’s cocoa, face challenges due to regulated farmgate prices that remain above falling global levels, leading to unsold stocks and financial strain on traders.
Côte d’Ivoire pledged to maintain its 2,800 CFA franc per kilogram purchase program, while Ghana reduced its farmgate price from GH¢3,600 to GH¢2,500 to address liquidity issues and avoid economic crisis.
Both nations are working on reforms, value addition, and improved market transparency, but volatility persists due to climate risks, disease, and shifting global consumption patterns.
Los precios del cacao cayeron un 70% desde los máximos de 2024, perjudicando a los productores de África Occidental a pesar de los esfuerzos de apoyo del gobierno.