Cocoa, Chocolate Prices: Why Are People Smuggling Beans out of Ivory Coast?
June 21, 2025
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3:35Now PlayingCocoa, Chocolate Prices: Why Are People Smuggling Beans out of Ivory Coast?
YouTube Description
as posted by the channelPrices for cocoa on the global market have nearly tripled since 2023, but farmers in Ivory Coast have found it hard to cash in. The cocoa trade in the country is controlled by government-run regulator Conseil du Café-Cacao, which sets prices. The current price is about a third of the global market price, which has created a powerful incentive to smuggle crops into neighboring countries that don’t have the same central pricing. Bloomberg's Ondiro Oganga reports.
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