How the cocoa price crash is crushing West African farmers
AI Summary
Cocoa prices in West Africa have crashed by nearly 75% after peaking in 2024, severely impacting millions of farmers in Ghana and Cote d'Ivoire. This price collapse raises critical questions about the future stability and sustainability of the cocoa sector in the region.
Cocoa prices reached a peak in 2024 before plummeting by nearly 75%, dealing a financial blow to millions of farmers in Ghana and Cote d'Ivoire. Will the crisis mark a turning point for the sector?
World Markets Health Commodities cocoa prices West Africa Ghana Cote d'Ivoire farmers price crash agriculture commodity markets