Abidjan, 21 October 2022 – The International Cocoa Organization releases the Cocoa Market Report for September 2022. The current report highlights the following insights:
- Down the road from the previous months of the 2021/22 season, cocoa prices further continued their decline in September 2022.
- The producer price of cocoa beans for the main crop of the 2022/23 season in Côte d’Ivoire was announced at 900 XOF/kg, which is equivalent to US$1,364 per tonne while in Ghana, cocoa farmers are expected to receive 12,800 Ghana cedis per tonne or US$1,251 per tonne for their cocoa beans.
- The rising costs of production factors having a higher impact on the cocoa processing and chocolate manufacturing process have by far outweighed the reduction in cocoa prices.
You can download the complete report by clicking here.