US EditionIvory Coast to buy unsold cocoa stocks as prices plunge
Ivory Coast will buy 700,000 tons of unsold cocoa at guaranteed prices to ensure farmers receive payment amid a global price drop and export delays.
- Exporters in Ivory Coast have delayed cocoa purchases amid fears prices could fall further, risking losses of around 1,000 francs per kilo when buying at the government-set floor.
- With payments stalled since mid-October, growers have been selling at rock-bottom prices, and Marty Somda, Cabend cooperative, said six export requests remain pending after meeting Cargill last week in Abidjan.
- Some buyers face quota blocks because the CCC is not issuing quotas, while trade unionists note the guaranteed minimum price has not been triggered and the Board must reimburse shortfalls; the CCC declined to comment.
- One in five people in Ivory Coast indirectly depend on cocoa, raising stakes as consultant Ousmane Attai Ouedraogo described tensions between the CCC and exporters while the CCC declined to comment.
- Laurent Kone of the growers' union Synap-ci said `Those who are growing cocoa aren't protected` as trade unionists pressed why the government guaranteed price system has not been triggered.
37 Articles
37 Articles
Slowing exports, liquidity problems and falling world prices: the Ivorian cocoa sector is facing obstacles, which is why the State has decided to buy their stocks from producers so that they can finally be paid for.
In Côte d'Ivoire, the government announces that it will buy the cocoa stock that has been stocked in cooperatives and production areas for several weeks. Indeed, the planters claim not to have been paid, due in particular to a congestion.
Trucks loaded with cocoa beans blocked at the port of Abidjan, 13 January 2026. SIA KAMBOU / AFP There is something rotten in the kingdom of cocoa. At the port of Abidjan, where usually most cocoa exports from Côte d'Ivoire, the world's leading producer, dozens of trucks are blocked since the end of the...
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