Ivorian President Alassane Ouattara said on Wednesday the guaranteed minimum price for local cocoa beans will climb to 2,800 CFA francs (5 U.S. dollars) per kilogram, a historic high for the world’s leading cocoa producer.
Addressing the opening ceremony for the 2025-2026 cocoa marketing season at the Abidjan exhibition center, the president said the price is set in accordance with “our commitment to place the producer at the heart of our policy.”
In addition to the cocoa price, the coffee price has increased to 1,700 CFA francs for the 2025-2026 season, compared to 1,500 CFA francs for the previous season.
As the world’s leading producer and the leading grinder of cocoa beans, Cote d’Ivoire accounts for nearly 40 percent of global production with about two million tons of beans.
The Ivorian president said that the cocoa price was 1,000 CFA francs in 2023, before rising to 1,800 CFA francs in October 2024 and then to 2,200 CFA francs in April 2025.
The coffee-cocoa sector contributes to 20 percent of the western African country’s gross domestic product (GDP) and represents 40 percent of its export earnings. Enditem
Source: Xinhua
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