The Plateforme Ivoirienne pour le Cacao Durable (PICD) (Ivorian Platform for Sustainable Cocoa) has shared its expectations regarding the setting of the farm-gate price for the 2024-2025 main season. Producers and cooperatives are hoping for a price of between FCFA 2,016 and FCFA 2,352* per kilogram, based on the monitoring of international prices and the government’s commitment to set the minimum price at 60% of the CIF price. The system for monitoring cocoa prices set up by the PICD shows that prices stabilised at an average of around 6,097 dollars per tonne, or 6 dollars per kilogram (3,360 FCFA/kilo) between September 2023 and September 2024.
The PICD also warns of the challenges facing cooperatives, in particular the inadequacy of compensation for cocoa transport, which has been fixed at 80 FCFA/kg for 10 years, while costs are rising. It calls for urgent reform of the marketing system and harmonisation of prices with those in Ghana to reduce smuggling. To enable producers to get out of the survival situation in which they find themselves, the platform proposes that the price of cocoa be set at 70% of the CIF price, as in Ghana.
