UK Business

Why Ghanaian farmers have been unable to capitalise on record cocoa prices

Written by Sophie van Huellen, Senior Lecturer in Development Economics, University of Manchester

Cocoa farmers drying cocoa beans in Kunsu, Ghana.Delali Adogla-Bessa / Shutterstock

International cocoa prices have experienced a historic price surge, rising by over 300% in the space of 12 months from £2,166 per tonne of cocoa in April 2023 to £9,980 by April 2024. Prices have fallen since then, and are currently hovering around the...

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