Summary
The study aims to analyse the structure of the cocoa market and price-setting activities, with a focus on recent developments in Côte d’Ivoire and Ghana. It examines how market power, futures markets, and speculators influence prices, and how market-leading companies have responded to the implementation of the Living Income Differential (LID). The report also explores the reasons behind lower-than-expected price increases for cocoa exports, considering markets in shaping price outcomes. Research methods include desk analysis, semi-structured interviews, and expert consultations through workshops.