On our market prices page we show three cocoa prices. They measure different things.
The international price
Cocoa is traded worldwide. Reference prices come from futures exchanges and are quoted in US dollars or pounds sterling per tonne of export-grade cocoa delivered to a port. They change every trading day with global supply, demand and exchange rates.
The Cameroon reference price
Under Decree No. 2005/1212/PM, cocoa is bought from producers on the basis of the reference prices published by the sector’s market information system. This national reference is quoted in FCFA per kilogram and is a useful benchmark for comparing buyers.
Our buying price
This is what Motambe Area Farmers pays per kilogram at our cocoa store, in FCFA, for a given quality. It is lower than the international price because that price is for export-ready cocoa at a port: it includes transport, handling, quality control, storage, financing, export levies and exchange-rate risk.
Why we publish all three
Farmers should be able to see how our price compares with the wider market. Every price on our site shows its source and when it was last updated.