Ghana and Côte d'Ivoire still set the tone for global cocoa. Farm-gate pricing decisions in either country ripple through differentials within weeks.
Buyers planning 2027 contracts should look at bean count and fermentation quality as closely as headline price — a cheap tonne with poor fermentation costs more once processing yield is counted.
Cooperative-sourced, traceable lots continue to command a premium, particularly for buyers who need documentation for European deforestation-free sourcing rules.
