Cocoa Farmers Alliance of Africa Raises Concerns Over Failing Pricing Models Across the Continent
22:19 19.03.2026 (Updated: 22:24 19.03.2026)
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Cocoa Farmers Alliance of Africa Raises Concerns Over Failing Pricing Models Across the Continent
''These systems were designed to stabilize prices in cocoa-producing countries, but in practice, prices have been quickly adjusted to match international market fluctuations'', Adeola Adegoke, the Cocoa Farmers Alliance Association of Africa (COFAAA) Global President said.
Despite the 2024 cocoa price boom reaching $12,000 per metric tonnes, farmers saw limited benefits due to excessive market regulations and persistent socio-political challenges.
In response, COFAAA launched the Global Members Assembly and Empowerment Forum tasked with:
assessing the situation;
unifying pricing strategy;
exploring farmer support mechanisms.
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