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flag Cocoa prices plummeted 70% from 2024 highs, hurting West African producers despite government support efforts.

flag Cocoa prices fell to $3,000 per tonne in early 2026, a 70% drop from 2024 highs, as global supply rebounded and demand weakened. flag 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. flag 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. flag 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.

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