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Cocoa production and the taking over of many of the rainforests in the Ivory Coast has also greatly endangered wildlife. The Ivory Coast was once internationally known as a biodiversity gem in West Africa's Guinean Forest Region and a nation of great biological richness, species diversity, and endemism, but illegal cocoa production has changed ...
As of 2024, Ivory Coast and Ghana alone produced 60% of the world's cocoa. [3] In these two countries, cocoa beans are sold in advance of the October–September growing season via government contracts to trading houses , the three largest being Cargill , Olam and Barry Callebaut .
Côte d'Ivoire and Ghana are the world's largest and second largest cocoa producers, respectively, together accounting for 65% of the global cocoa supply as of 2024. [1] In 2017, a 20% drop in global cocoa prices negatively impacted the livelihoods of millions of cocoa farmers in Côte d'Ivoire and Ghana, prompting the presidents of both countries to sign an agreement for a strategic ...
Prices have appreciated dramatically as leading cocoa-producing countries, such as Ghana and the Ivory Coast, have been battered by crop failures. Bean disease, floods, and falling pay for farmers ...
The Ivory Coast and Ghana produce 70% of all cocoa, according to Branch. But over the years, production in these West African countries has become less reliable in the face of unpredictable ...
West African countries have long been the heart of cocoa production, producing around 3.48 million metric tons of cocoa beans in the 2022-2023 season. This massive output is vital to the global ...
And making matters worse, the years of slumping prices for the beans simply drove farmers off the land to look for a better future in the cities and pushed production further down. De Selliers said that “60 % of cocoa comes from Ivory Coast and Ghana and these farmers have to make a better living. It is extremely important.”
A banana plantation in Ivory Coast. Agriculture was the foundation of the economy in Ivory Coast and its main source of growth. [1] In 1987 the agricultural sector contributed 35 percent of the country's GDP and 66 percent of its export revenues, provided employment for about two-thirds of the national work force, and generated substantial revenues despite the drop in coffee and cocoa prices. [1]