No Result
View All Result
Tuesday, July 14, 2026
Today News Post
  • Login
  • Home
    • Home
    • Top Stories
    • Headlines
    • Current affairs
    • Updates
  • News

    Overlapping Structures or a Sensible Roadmap? Europe’s Defense Plan in 2030

    Charlie Kirk’s Death Sparks Campus Reckoning Across America

    This frame grab taken from an AFPTV footage shows a man looking at smoke billowing after explosions in Doha's capital Qatar on September 9, 2025. An Israeli military official told AFP that the military had carried out air strikes on Doha on September 9 in an operation targeting senior leaders of Palestinian militant group Hamas. (Photo by Jacqueline PENNEY / AFPTV / AFP)

    Israeli irAstrikes Target Hamas Leadership in Doha Amid Ceasefire Talks

    Electric Aircraft Milestone: A Leap Forward in Sustainable Aviation Technology

    Hurricane Beryl: Devastation in the Caribbean and Concerns Over Preparedness

    Australians Rescue Humpback Whale from Net, Face Hefty Fine

    Girl (12) missing – probably killed by crocodile

    Tragedy Strikes Southern New Mexico: Two Dead in Devastating Wildfires

    Thousands Protest Anti-Netanyahu in Jerusalem; Relative Calm in Gaza

  • World
    • Asia
    • Europe
    • Africa
    • Americas
  • Politics
  • Business
  • Economic
  • Environment
  • Energy
  • Sport
  • Personal Finance
  • Home
    • Home
    • Top Stories
    • Headlines
    • Current affairs
    • Updates
  • News

    Overlapping Structures or a Sensible Roadmap? Europe’s Defense Plan in 2030

    Charlie Kirk’s Death Sparks Campus Reckoning Across America

    This frame grab taken from an AFPTV footage shows a man looking at smoke billowing after explosions in Doha's capital Qatar on September 9, 2025. An Israeli military official told AFP that the military had carried out air strikes on Doha on September 9 in an operation targeting senior leaders of Palestinian militant group Hamas. (Photo by Jacqueline PENNEY / AFPTV / AFP)

    Israeli irAstrikes Target Hamas Leadership in Doha Amid Ceasefire Talks

    Electric Aircraft Milestone: A Leap Forward in Sustainable Aviation Technology

    Hurricane Beryl: Devastation in the Caribbean and Concerns Over Preparedness

    Australians Rescue Humpback Whale from Net, Face Hefty Fine

    Girl (12) missing – probably killed by crocodile

    Tragedy Strikes Southern New Mexico: Two Dead in Devastating Wildfires

    Thousands Protest Anti-Netanyahu in Jerusalem; Relative Calm in Gaza

  • World
    • Asia
    • Europe
    • Africa
    • Americas
  • Politics
  • Business
  • Economic
  • Environment
  • Energy
  • Sport
  • Personal Finance
No Result
View All Result
Today News Post
No Result
View All Result
Home Africa

Expensive Cocoa – Rich Farmers

by Ava Harper
April 4, 2024
in Africa
0
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

This article delves into the struggles faced by cocoa farmers in Ivory Coast as the global cocoa prices surge, impacting local farmers disproportionately.

Expensive Cocoa – Rich Farmers?

The price of cocoa is rising, affecting producer countries as well. However, little of this increase reaches the farmers. They are facing challenges such as extreme weather, inflation, and a detrimental price guarantee.

Devastating Effects of Extremes

By the end of 2023, the warehouses in Ivory Coast should have been well-stocked. However, heavy rains pounded the trees during the cocoa bloom season in the summer. Farmers, at a loss, shared with the AFP news agency that the harvest turned out to be “catastrophic.”

The rain caused the blossoms to fall off, and the cocoa could not withstand this volume. Farmer Siaka Sylla described it as the “worst year” he has experienced in the business. The few fruits that did ripen often turned out rotten inside, a consequence of the heavy rain and prolonged humidity.

New Year, New Concern

Now, in the new year, drought is plaguing the cocoa plantations. Poor yields from West Africa are driving up world market prices, says Hélène Kouamé, a cocoa farmer who leads a cooperative that processes and exports cocoa within the country. Due to the scarce harvest, she now has to purchase cocoa at a higher cost.

She is forced to pay the farmers a price exceeding the level set by the state’s Coffee-Cocoa Board per ton. Ivory Coast is not only the world’s largest cocoa producer, but around 20% of the population works in this sector. However, Ivorian farmers do not benefit much from the increased prices. The majority of them live on less than €0.67 per day, while the major beneficiaries are the large international chocolate manufacturers.

Climate Crisis and Inflation Adding to Hardships

The poverty of the farmers in Ivory Coast is becoming a societal issue. Besides the more frequent extreme weather events, the high inflation makes it increasingly difficult for farmers to afford the high costs of pesticides and fertilizers.

This leads to a drop in harvests and challenges in paying for harvest workers. Consequently, child labor on cocoa plantations is also on the rise.

Price Guarantee Consequences

The state’s Coffee-Cocoa Board has been trying to support its farmers for a few years with a set price per season and a government premium of $400 per ton. However, experts point out that the farmers do not benefit from the current high prices due to the pre-harvest price fixed by the government.

Cocoa producer Hélène Kouamé shares the same sentiment. She believes Ivory Coast’s current policy leads to a “rock-bottom price.” She highlights that the set price is applicable from October 1 to March 31, a period in which market prices typically rise. She hopes that producers will benefit from a price increase during the next campaign in October 2024.

Tags: Cocoa Price

Ava Harper

Related Posts

Africa

South Africa Business News Today: Investment, Mining, Fintech, and Economic Growth Outlook 2026

July 13, 2026
Africa

South Africa: Xenophobic Vigilante Mobs Target Migrants as Tens of Thousands Flee

July 2, 2026
Africa

Climate Change Impacts Across the Continent

July 3, 2024
Africa

Concerns over Democratic Backsliding in West Africa

July 3, 2024
Africa

Unrest in Ethiopia’s Tigray Region

July 3, 2024
Africa

Continued Instability in the Sahel Region

July 3, 2024
Load More
Next Post

South Korea's Opposition Wins Parliamentary Election

Recommended

Thousands protest worldwide against Gaza attacks

3 years ago

At least 280 dead in train accident

3 years ago

Popular News

    Newsletter

    Subscribe to our newsletter and never miss out on exclusive offers, news, and more.

    Category

    • Africa
    • Americas
    • Asia
    • Brazil
    • Business
    • China
    • Economic
    • Economics
    • Energy
    • Environment
    • Europe
    • Fitness
    • France
    • Health
    • Home
    • India
    • Italy
    • News
    • Politics
    • Russia
    • Society
    • Spain
    • Sport
    • Sports
    • Syria
    • Technology
    • Things
    • Top Stories
    • Transport
    • United States
    • Weather
    • World

    Recent Posts

    • U.S. Economic Headwinds Worsen Under New Federal Reserve Leadership: Rising Bankruptcies, Debt Burdens and Labor Strain Spark Recession Warnings
    • Exclusive: OpenAI Drops GPT-5.6 Family – Three Models, One Epic Leap in Agentic AI

    About Us

    TodayNewsPost.net is a reliable and informative online news platform dedicated to providing the latest updates on a wide range of topics. From breaking news to entertainment, technology, health, and more, TodayNewsPost.net aims to keep its readers informed and engaged.

    • PRIVACY NOTICE
    • Contact

    Copyright © 2024 Today News Post. All rights reserved.

    No Result
    View All Result
    • Home
      • Home
      • Top Stories
      • Headlines
      • Current affairs
      • Updates
    • News
    • World
      • Asia
      • Europe
      • Africa
      • Americas
    • Politics
    • Business
    • Economic
    • Environment
    • Energy
    • Sport
    • Personal Finance

    Copyright © 2024 Today News Post. All rights reserved.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In