The price of cocoa paid to farmers for the 2020-2021 harvest in Ivory Coast, the world’s largest producer, has been set at 1,000 CFA francs (1.52 euros) per kilo, up 21%, Ivorian President Alassane Ouattara announced, one month before the October 31 presidential election.
“We have decided to increase the price from 825 to 1000 CFA francs,” President Ouattara said in Yamoussoukro, the Ivorian political capital, at the opening of the National Cocoa and Chocolate Days, the annual event that opens the great harvest season, drawing cheers from the planters present.