Table of Contents
How much does a cocoa farmer make per day?
Cocoa farmers in Ghana make $1/day, while those in Côte d’Ivoire make around $0.78/day—both significantly below the extreme poverty line.
Why do cocoa farmers earn so little?
As a result of low yields due to poor farming practices, aging trees and limited access to inputs such as fertilizer and planting materials. The average cocoa farmer’s income is significantly below the World Bank’s extreme poverty line of USD 1. 90/day.
Is growing cocoa profitable?
“A farmer growing cocoa with coconut can earn a profit of Rs 60,000 per acre every year. This is in addition to the Rs 30,000 he can make from coconut,” says Boyapati, who also grows cocoa on leased land.
Where is the biggest cocoa farm in the world?
Côte d’Ivoire
Table Rank of Top 10 World’s Biggest Cocoa Bean Producing Countries in 2019
| Rank | Countries | Production of Cocoa Beans in 2019 |
|---|---|---|
| Tons | ||
| 1 | Côte d’Ivoire | 2,180,000 |
| 2 | Ghana | 811,700 |
| 3 | Indonesia | 783,978 |
Are cocoa farmers paid fairly?
The average farmer will make between $1,400-$2,000 profit a year, at most about $5 a day, which will need to support 6-10 dependants. So a cocoa farmer and their dependants will be living on between $0.50-$0.84 a day, well below the World Bank’s extreme poverty line of $1.25 a day.
Who sets the price of cocoa?
The trading takes place on two exchanges: New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE) in London. The prices in London are based on cocoa from Africa, while New York bases its prices on the South-Asian market. The prices on the ICE function as a benchmark for global price creation.
How many years does cocoa grow?
Harvesting. With care, most cacao trees begin to yield pods at peak production levels by the fifth year, which can continue for another 10‒20 years. Ripe pods may be found on cacao trees at any time, however, most countries have 2 periods of time per year of peak production.
Which country produces the most cacao?
About 70 percent of the world’s cocoa beans come from four West African countries: Ivory Coast, Ghana, Nigeria and Cameroon. The Ivory Coast and Ghana are by far the two largest producers of cocoa, accounting for more than 50 percent of the world´s cocoa.
How big are cocoa farms in West Africa?
In West Africa, for example, the average cocoa farm is a 3 to 4 hectare (or 7 to 10 acre) plot, operated by a family that lives on the farm or nearby. Estimates place the number of West African cocoa farms at 1.5 to 2 million, with more than 4.5 million cocoa farms worldwide.
How many hectares does it take to grow cocoa?
In case where main crop is Arecanut and inter-crop is cocoa: Requires 2.7 meter by 2.7 meter which accommodates 686 cocoa plants per hectare land. In case where main crop is Oil palm and inter-crop is cocoa: Requires 4.5 meter by 4.5 meter which accommodates 400 cocoa plants per hectare land.
How does a cocoa farmer make their money?
• Cocoa is the main source of income: 74% percent of the farmer household income stems from the profit on cocoa. • The households make 6% of their income from selling other goods, whereas off-farm income and in-kind income account for 10% and 10% of the total household income respectively.
What to consider when starting a cocoa farm?
In starting a cocoa plantation, an assortment of factors have to be considered such as the climate of the locality, average rainfall per millimeter, temperature, humidity, and type of soil and the proper selection of planting material. Potting mixture and type of sowing have to be well thought-out as well.