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
$4,395.46
What's moving
Cocoa retreats from record highs as West African supply recovers
World cocoa prices have fallen from the ~$7,200/tonne peak to around $4,100–4,400 as supply prospects improved, prompting Ghana's Cocobod to cut its producer price to GHS 41,392/tonne in February 2026 and Côte d'Ivoire to set the 2025/26 mid-crop minimum at 1,200 CFA/kg — 57% below the record main-crop price.
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 |
|---|
| Nigeria | exchange | 6,733.5 NGN / kg | AFEX(daily) | 7 Aug 2026 |
| Cameroon | export | 3,110 FCFA / kg | ONCC(daily) | 7 Aug 2026 |
| Cote d'Ivoire | farmgate | 1,200 CFA / kg | Conseil du Café-Cacao(seasonal) | 4 Mar 2026 |
| Ghana | farmgate | 41,392 GHS / tonne | Ghana Cocobod(seasonal) | 12 Feb 2026 |
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.
