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Ghana Bumps Up Cocoa Price in Response to Top Grower Ivory Coast

Bloomberg•Thursday, October 2, 2025 at 11:45:12 AM
PositiveFinancial Markets
Ghana Bumps Up Cocoa Price in Response to Top Grower Ivory Coast
Ghana has announced an increase in the price it pays farmers for cocoa beans, marking the second hike this season. This decision comes in response to Ivory Coast, the world's leading cocoa producer, raising its own farmgate prices. This move is significant as it not only supports local farmers but also aims to enhance cocoa bean arrivals to warehouses, helping to alleviate global supply constraints. It's a positive step for the cocoa industry, ensuring better earnings for farmers and potentially stabilizing the market.
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