Cocoa and Coffee Farmers Alliance of Africa highlights price volatility as major threat to sector
via Punch Nigeria2 min read
The Cocoa and Coffee Farmers Alliance Association of Africa COCEFAAA has identified persistent market volatility as a significant challenge to the sustainable development of Africa’s cocoa sector. Ahead of the cocoa & coffee fiesta Lagos, Nigeria 2026, scheduled for October 7 and 8, Global President, COCEFAAA, Adeola Adegoke, stated that unstable prices have negatively impacted farmers' income, productivity, and sectoral growth, despite Africa producing about 70 percent of global cocoa output. The association noted that cocoa-producing countries like Côte d’Ivoire, Ghana, Cameroon, and Nigeria often bear the brunt of market shocks. COCEFAAA emphasized the need for stronger collaboration among governments, industry players, and development partners to protect farmers’ incomes. The upcoming Fiesta aims to provide a platform for stakeholders to discuss solutions to challenges such as price volatility, market access, and sustainability. Discussions will cover income frameworks, de-commoditization strategies, agroforestry, carbon credit opportunities, integrated soil management, and compliance with the European Union Deforestation Regulation. The event will also mark the official launch of COCEFAAA as the first pan-African membership organization for cocoa and coffee farmers, with a mission to amplify farmers’ voices, promote sustainable practices, advocate fair pricing, improve market access, empower youth and women, and strengthen climate resilience.
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