In Côte d'Ivoire, cocoa prices have dramatically decreased by almost 60%, sending shockwaves among local producers. The government has set the farm gate price at 1,200 CFA francs for the current mid-season, which is a significant decline from the previous high of 2,800 CFA francs established during the presidential campaign period. This drop is largely attributed to falling global cocoa prices and a surplus of supplies in the market.

Producers and cooperatives are deeply worried about the implications of this price reduction, as their profits are heavily dependent on cocoa prices. The cocoa sector is a vital part of Côte d'Ivoire's economy, employing millions of farmers and contributing significantly to national income. The leadership of the Organization Interprofessionnelle Agricole Café-Cacao (OIA), represented by vice-president Obed Blondé Doua, has voiced these concerns publicly, stressing the need for strategic interventions to support farmers during this challenging period.

As the government grapples with the situation, the long-term viability of cocoa farming is at stake. Stakeholders are calling for a reassessment of pricing policies and measures to stabilize the market in light of the global cocoa pricing trends and the imminent risks posed to farmers' livelihoods. The ongoing dialogue between the government, producers, and industry organizations will be crucial in determining how to navigate this crisis.