Cocoa farmers worry about ongoing price instability
The Cocoa and Coffee Farmers Alliance Association of Africa has highlighted persistent market volatility as a major threat to Africa’s cocoa sector. According to Adeola Adegoke, African cocoa farmers continue to face unstable prices, which undermine their livelihoods and slow investment. The group says that despite Africa’s dominance in global cocoa production, many farmers struggle with unpredictable returns. The association is calling for stronger collaboration among governments, industry players, and development partners to protect farmers’ incomes.
What we know
- The Cocoa and Coffee Farmers Alliance Association of Africa warns that fluctuating prices are harming farmers and discouraging investment.
- Adeola Adegoke noted African cocoa farmers have shown resilience despite years of unstable prices affecting income and productivity.
- The group says countries like Côte d’Ivoire, Ghana, Cameroon, and Nigeria have maintained global supply, but farmers still bear the brunt of market shocks.
- The association plans to use an upcoming event to discuss solutions to challenges such as price volatility, market access, and sustainability.
- COCEFAAA aims to amplify farmers’ voices, promote sustainable practices, advocate fair pricing, and strengthen climate resilience in the sector.
