Cocoa beans, the main ingredient in chocolate, are first fermented after being harvested and then left to dry in the sun

Bitter times for cocoa farmers as chocolate market slumps

The price of chocolate bars has shot up across the world over the past year, meaning they can feel like a luxury – yet West Africa’s cocoa farmers have not been reaping the benefits. In fact, many are in a desperate state as they have not been paid for months.

“My husband fell sick, and I couldn’t get money to take him to the hospital. So he died at home,” 52-year-old Ghanaian cocoa farmer Akosua Frimpong told the BBC.

Following a surge in the cost of cocoa – the main ingredient of chocolate – in 2024, prices have since crashed.

Much of the world’s cocoa is produced in Ghana and the Ivory Coast, where state regulators set the price a year in advance. The recent collapse in prices has made their beans around 40% more expensive than international traders are willing to pay.

Prices have fallen for a variety of reasons, partly because a good harvest around the world came at a time of lower demand. Because of the previous high prices, chocolate bars have become smaller, and chocolate makers have been using less cocoa.

The knock-on effect should mean that chocolate bars will eventually be less expensive, but it has left the cocoa industry in Ghana and the Ivory Coast in a mess.

Even when prices were high, West Africa’s cocoa farmers felt they were not benefiting from the world’s chocoholics.

Their farms are in remote areas deep in the jungle with poor infrastructure. They live in villages where there is little access to electricity and running water.

 

The bright sunshine could not dissipate the heavy atmosphere of grief that loomed over the village of Suhenso in western Ghana when we visited last month.

Mourners squeezed into Frimpong’s home to pay their respects to her husband, Malik Boahen, who had died earlier in February after his neck began to swell up.

She did not have the money to get proper medical care for him – something she blames on the Ghana Cocoa Board (Cocobod), which licenses companies to buy the country’s crop for international sale at a set price.

 

As those companies have not been able to sell the cocoa this year, the farmers have been left out of pocket. Cocobod has stepped in to buy much of it to save the industry from collapse, but many farmers say they haven’t been paid.

 

“The money I was anticipating from my cocoa bean sales is currently inaccessible. I’m a widow now and I don’t have anyone to support me,” said Frimpong.

The payment delay is thought to be affecting some 800,000 cocoa farmers – and it has had a knock-on effect on hundreds of thousands of rural livelihoods.

Last October, Cocobod set the amount to be paid to farmers at nearly $5,300 (£3,900) per tonne, but the price on the global market has fallen to well below this level.

The shortfall has added to the board’s debt, which now amounts to some $3bn.

 

In response to the financial difficulties, Cocobod officials took a pay cut in February – 20% for the executive management and 10% for senior staff.

The board’s spokesperson Jerome Sam acknowledged that while there had been delays in farmers getting their money, payments were now being processed.

Cocoa accounts for about 7% of Ghana’s GDP, or national income, and the beans’ export makes up around 15% of the country’s foreign exchange earnings.

 

Robert Addae says the prices now being offered by Cocobod do not cover his costs
Warehouses in Ivory Coast are also bursting with sacks of unsold cocoa beans

 

Neighbouring Ivory Coast, the world’s leading cocoa producer, has been hit by similar problems.

Sacks of beans have piled up in warehouses in the town of Bangolo in the west of the country as cocoa co-operatives struggle to sell to exporters.

 

The country’s equivalent of Cocobod – the Coffee and Cocoa Council – also guaranteed a price last year that is now way above the international price.

On Wednesday, Agriculture Minister Bruno Kone announced that the price paid to farmers would be cut in half in order to try and boost sales.

 

Before that announcement, Bahily Bakouli Issiaca, a member of the Bangolo cocoa co-operative, was concerned as he inspected hundreds of cocoa beans in his warehouse.

“More than 800 cocoa farmers give their beans to us to sell, but this year it has been very difficult to sell them,” he told the BBC.

“Lorries full of cocoa sacks have been parked here for almost 21 days now.”

 

The Coffee and Cocoa Council sets the price in Ivory Coast and licenses a number of co-operatives and companies to export the dried beans.

“I harvested my cocoa and sent it to the village, but there’s no buyer. I don’t know how I’ll feed my 10 children or support their education,” Sella Aga Josiane told the BBC as she tended to her trees on a plot outside Bangolo.

 

The 38-year-old added that some of her children were sent home from school the week before because she could not pay their school fees.

“This crisis is tough for me.”

 

Ivory Coast was set to have about 200,000 tonnes of cocoa waiting for buyers by the end of March if the current situation had persisted.

Ba Siba Fabrice, another cocoa farmer near Bangolo, said it was the worst situation he had experienced since he started farming cocoa as a teenager in 2012.

 

The 35-year-old feels the weight of responsibility as those he supports feel he has failed them.

“Today, there is no peace between me and my family because there is no more money. When there is no money in a household, there is no peace,” he said.

“We live through cocoa.”

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