![Ivory Coast Raises Cocoa Farmers' Pay Amid Surging Futures](https://static.myboardtoday.com/app/fdcb87e3-3d43-4526-9db4-23dcf1b9f7ce/1ef77d8e-a472-497f-a1f7-c0c2f4f2d3e9_-_f3de9752-fcae-42b2-989b-e72e8a850f52-cover.webp)
Ivory Coast has agreed to increase the pay for cocoa farmers, in response to the surge in futures prices exceeding $10,000 a ton. The world's leading producer of cocoa will pay 1,500 CFA francs ($2.46) per kilogram for the upcoming mid-crop harvest until September 30, marking a significant 50% rise from the payments made during the recent main-crop season. This decision was announced by Minister of Agriculture Kobenan Kouassi Adjoumani in Abidjan. The move comes as a response to the escalating costs and demands in the industry, aiming to support cocoa farmers in the region amidst the price volatility.