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

+6.09%USD per metric tonFRED commodity benchmarks · 30 Jul 2026

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

1 Feb 20261 Jun 2026

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

Okomu Oil PalmOKOMUOIL ->

Nigerian agribusiness — moves with West African soft-commodity cycles.

Presco PlcPRESCO ->

Listed Nigerian plantation/agro-processor exposed to the same agri economy.

Methodology

The 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.