Ivory Coast President Announces 50% Increase in Cocoa Farmgate Price
Monday, 1 April 2024, 11:52
Ivory Coast Cocoa Price Increase
Ivory Coast's President, Alasaane Ouattara, has announced a substantial 50% raise in the official cocoa farmgate price to 1,500 CFA francs per kg, equivalent to $2.47, effective from April 2, 2024.
Support for Farmers
The decision aims to provide much-needed financial support to cocoa farmers and boost the competitiveness of the country's cocoa industry.
Positive Impact
This move is anticipated to have a favorable impact on the livelihoods of farmers and further strengthen the cocoa sector in Ivory Coast.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.