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Message: [QUOTE="Queen, post: 87418, member: 27"] A month-early mid-crop launch is slashing Ivory Coast's cocoa farmer prices to barely a third of the current rate in a desperate bid to clear massive unsold stockpiles. Mid-crop season kicks off way ahead of schedule [LIST] [*]Ivory Coast is treating all cocoa harvested from 1 March 2026 as mid-crop for the first time ever. [*]The Coffee and Cocoa Council will announce the exact farmer price by the end of February. [*]An interministerial committee already greenlit the plan, and it takes effect immediately. [*]The normal main-crop window from October to March just got chopped by a full month. [/LIST] Farmer payments are about to crater [LIST] [*]The new mid-crop price lands between 800 and 1,000 CFA francs per kilogram. [*]That is less than half the current main-crop rate of 2,800 CFA francs. [*]Lower-quality mid-crop beans have always carried cheaper pricing by default. [*]The government is betting that faster sales will offset the per-kilogram income hit. [/LIST] Global price crash forced this drastic move [LIST] [*]World cocoa prices tanked over 50% from last year's record highs. [*]Unsold Ivorian stocks could balloon to 200,000 tonnes by late March without intervention. [*]The government already burned roughly half a billion dollars buying 100,000 tonnes directly. [*]Extra buyer premiums like the origin differential, got scrapped to restart forward sales. [/LIST] Ghana is dealing with the same nightmare [LIST] [*]Ghana slashed its farmer price by nearly a third back in mid-February. [*]Both West African giants are coordinating to keep their cocoa globally competitive. [*]Ivory Coast produces around 40% of the world's cocoa supply. [*]Two million farming families depend on cocoa as their primary cash source. [/LIST] [/QUOTE]

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