Cocoa farmers urge unified pricing to tackle income decline
Adeola Adegoke, President of the Cocoa Farmers Alliance Association of Africa (COFAAA), has called for a harmonised cocoa pricing model across African markets. He highlighted that current pricing systems are not benefitting farmers as intended, despite previous price rallies. Adegoke expressed concerns about the disconnect between the global chocolate market and the welfare of African farmers. He also announced new initiatives to address these challenges and foster a unified African approach.
TLDR
- Adeola Adegoke criticised existing cocoa pricing frameworks for failing to protect farmers’ incomes.
- He noted that African cocoa producers face declining incomes and market instability, even after a price boom in 2024.
- Adegoke questioned the effectiveness of interventions like the Living Income Differential and called for further clarity from relevant authorities.
- COFAAA has launched a Global Members Assembly and Empowerment Forum to develop unified solutions for cocoa pricing and farmer welfare.
- Public discourse on these issues is set to begin on 21 March 2026 through a virtual session to ensure broad stakeholder participation.
