Cocoa Farmers Urge Action Against Price Volatility

Cocoa farmers are raising alarms about persistent price volatility, which they identify as a major threat to the sustainability of Africa's cocoa sector. The Cocoa Coffee Farmer Alliance Association of Africa (COCEFAAA) issued a statement on Wednesday ahead of the Cocoa Coffee Fiesta scheduled for October 7-8, 2026, in Lagos, Nigeria.

Global President Adeola Adegoke noted that despite African cocoa farmers demonstrating resilience, they continue to struggle with low and unpredictable returns due to market fluctuations. Africa produces 70% of the world's cocoa, yet farmers bear the brunt of market shocks.

The group emphasized the need for stronger collaboration among governments and industry players to protect farmer incomes and ensure long-term sustainability. The upcoming fiesta will serve as a platform for stakeholders to discuss solutions to challenges such as price volatility and market access.

COCEFAAA also plans to launch a pan-African membership organization dedicated to cocoa and coffee farmers, aiming to amplify their voices and promote sustainable practices.