Cocoa, Chocolate Prices: Why Are People Smuggling Beans out of Ivory Coast?

Market Dynamics - Global cocoa prices have nearly tripled since 2023 [1] - Ivory Coast cocoa farmers struggle to benefit due to government price controls [1] - Conseil du Café-Cacao sets cocoa prices in Ivory Coast [1] - Ivory Coast's government-set price is about one-third of the global market price [1] - Smuggling of cocoa crops into neighboring countries is incentivized by price differences [1]