Agriculture · ~70% of world cocoa
Cocoa Price.
West Africa grows roughly seven in ten of the world's cocoa beans, yet the price a Ghanaian or Ivorian farmer actually receives is set seasonally at the farmgate — a number the global futures benchmark never shows. Mansa Markets tracks both: the world benchmark and the African farmgate prices underneath it.
Global benchmark
$4,141.71
What's moving
Cocoa holds near record highs on a West African supply shortfall
Ageing trees, swollen-shoot and black-pod disease, and adverse weather have
cut output across Cote d'Ivoire and Ghana while global demand held firm,
lifting West African farmgate prices to record season highs.
African layer
Country-level prices
What the farmer is actually paid — farmgate, exchange and export prices the global benchmark never shows.
| Country | Type | Price | Source | As of |
|---|
| Cote d'Ivoire | farmgate | 1,800 CFA / kg | Conseil Caf
e-Cacao(seasonal) | 1 Oct 2024 |
| Ghana | farmgate | 49,600 GHS / tonne | Ghana
Cocobod(seasonal) | 1 Sept 2024 |
History
Benchmark price history
Production
Africa's role
Africa's share
~70% of world cocoa
Top producers
Côte d'Ivoire · Ghana · Cameroon · Nigeria
Seasonality
West African main crop runs October–March; the lighter mid-crop runs April–September. Farmgate prices are set per season by Cocobod (Ghana) and the Conseil Café-Cacao (Côte d'Ivoire).
Cross-market
Related listed companies
MethodologyThe global benchmark is sourced from public EIA/FRED series. African country-level prices are seasonal regulator announcements and exchange reports, each stored with its source, cadence and as-of date. Prices are for informational purposes only and are not real-time.
Frequently Asked
Cocoa FAQ
Which country produces the most cocoa?
Côte d'Ivoire is the world's largest cocoa producer, supplying roughly 40% of global output, followed by Ghana. Together with Cameroon and Nigeria, West Africa accounts for around 70% of the world's cocoa.
What is a cocoa farmgate price?
The farmgate price is the guaranteed minimum price paid to farmers for their beans, set each season by national regulators — Cocobod in Ghana and the Conseil Café-Cacao in Côte d'Ivoire. It can differ substantially from the international futures benchmark.
Why did cocoa prices rise so sharply?
Cocoa benchmark prices surged on West African supply shortfalls — ageing trees, disease (swollen shoot and black pod) and adverse weather cut output in Côte d'Ivoire and Ghana while global demand held firm.
Are these cocoa prices real-time?
No. The global benchmark reflects the latest available public benchmark data, and African farmgate prices are seasonal announcements. Every figure on this page is labelled with its source, cadence and as-of date.