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Ivory Coast raises 2020/21 cocoa farmgate price 21%

Christian Fernsby ▼ | October 5, 2020
Ivory Coast has raised the fixed farmgate price paid to cocoa farmers more than 21% to 1,000 CFA Francs ($1.80) per kg for the main crop of the 2020/2021 season, President Alassane Ouattara said.
Ivory Coast cocoa
Farmgate   Ivory Coast cocoa
The decision by the world’s top cocoa producer is in line with a price rise announced by neighbouring Ghana.

Topics: Ivory Coast cocoa

Addressing thousands of cocoa farmers in the city of Yamoussoukro, Ouattara said the price amounted to state support of 355 billion CFA francs given that the current market price stands at 791 CFA francs per kg.