可可价格暴跌，科特迪瓦将收购滞销库存

Core Viewpoint - The government of Côte d'Ivoire, the world's largest cocoa producer, announced plans to purchase unsold cocoa inventory due to a recent drop in global cocoa prices, aiming to ensure smooth cocoa exports and fair compensation for cocoa farmers [1][3]. Group 1: Cocoa Market Situation - Since October 2025, the decline in global cocoa prices has slowed cocoa export growth in Côte d'Ivoire, leading to significant inventory buildup [1][3]. - The largest cocoa growers' union, Synapci, estimates that there are still 700,000 tons of unsold cocoa, causing farmers to go without payment [1][3]. - Some farmers have not received income for nearly two months, forcing them to sell inventory at discounted prices or destroy rotting cocoa, putting their livelihoods in jeopardy [1][3]. Group 2: Government Response - Agriculture Minister Kobena Kouassi Ajumani stated that the government aims to reassure farmers and that the inventory purchase will begin in the coming days [1][3]. - The government plans to buy the unsold cocoa at the guaranteed price set for the current production season [1][3]. - Cocoa trading in Côte d'Ivoire is regulated, with the country producing between 2 million to 2.5 million tons annually, accounting for nearly half of the global cocoa supply [1][3]. Group 3: Price Dynamics - In 2024, cocoa prices reached a historical high, with the cocoa purchase price set at approximately $5,000 per ton for the current season, a record [2][5]. - However, global cocoa prices have since fallen to about $4,630 per ton, leading multinational buyers to refuse to purchase the remaining 15% of cocoa, prompting government intervention [2][5]. - Concerns remain among farmers regarding the government's ability to fulfill promises, especially for those who have had to destroy cocoa due to unsold inventory [5].