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By Cynthia Alo
The Cocoa and Coffee Farmers Alliance Association of Africa (COCEFAAA) has called for a unified African cocoa producers’ bloc and a minimum floor price of not less than $6,000 per metric tonne, to coordinate production and strengthen bargaining power for farmers across the continent.
The association said the measures would help end Africa’s dependence on commodity exchanges in London and New York, which continue to influence global cocoa pricing.
Global President of COCEFAAA, Comrade Adeola Adegoke, made the call in a statement, while commending the successful hosting of the 7th Steering Committee of the Côte d’Ivoire–Ghana Cocoa Initiative held in Abidjan, describing it as evidence of growing producer-led cooperation in the sector.
He noted that Côte d’Ivoire and Ghana, which together account for about 60 per cent of global cocoa output, have demonstrated that coordinated producer action can significantly shape industry direction and policy discussions.
Adegoke said the
