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Cocoa beans rot and West African farmers seek other options after commodity crash

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Cocoa beans rot and West African farmers seek other options after commodity crash

KONA, Ghana (AP) — Manu Yaw Fofie was born into the cocoa farming business, but the land bequeathed to him has become more of a burden than a blessing. A sharp fall in cocoa prices over the past year has left beans rotting in some West African warehouses, while global chocolate makers scramble for supplies and consumers seek their fix.

With less money coming in, the 52-year-old Fofie in Ghana has taken the desperate step of giving part of his land to illegal sand miners, a lucrative practice driven by high construction demand since sand is used in concrete.

The cost is severe, however: the sand mining makes the land infertile.

Aware of the danger, Fofie said he had been left with little choice. He said annual cocoa bean yields has been declining over the years, from the past heyday of 300 bags to 50 bags in 2025, affected by factors including climate change.

Fofie is one of many cocoa farmers in Ghana and Ivory Coast — countries responsible for nearly 70% of the global cocoa bean supply — who are putting their land for other uses after the price of the once high-flying commodity crashed.

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Ivory Coast, the world’s leading cocoa producer, had to purchase an excess supply of cocoa beans from farmers in January and this week slashed the price by more than half for 2026.

While a global commodity like cocoa beans is prone to occasional crisis, Ghanaian authorities were not prepared for one at this scale, said Edward Karaweh, former general secretary of the General Agricultural Workers Union.

“Preparation allows you to mitigate the crisis. It is not that you prevent the crisis altogether,” Karaweh said.

Cocoa futures soared, then crashed

Hundreds of thousands of farmers in West Africa rely on cocoa farming for a living. In Ivory Coast, cocoa bean exports make up 40% of the total export revenue. In neighboring Ghana, they make up nearly 15%.

Government regulators set a fixed price for the cocoa bean at the beginning of every planting season, and the majority of the beans are sold through government-licensed parties to protect farmers from price fluctuations on the international market.

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However, after a surge in cocoa futures in 2024 on international markets, the futures — a contract to buy a commodity at an agreed-upon price on a future date — reached more than $12,000 per metric ton, the highest in decades. Then it crashed to around $4,000 as supply outstripped demand.

The downturn in price meant global traders would run at a loss if they purchased cocoa beans from the two African countries.

That led to a mounting stockpile of rotting cocoa beans in warehouses, while farmers who already sold their stocks to governments have not been paid for months.

With structural issues, farmers said they missed out on benefiting from the original surge. The whiplash in prices made some decide enough was enough.

Climate also plays a role

Walking through his cocoa trees in Ivory Coast, François N’Gbin pointed to blackened, dried-up pods caused by disease and a lack of rain.

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He said he also has given up part of his land, for a fee, to illegal gold miners, then obtained a mining license out of fear of the authorities.

The mining area, partly filled with murky, yellowish water, covers at least 1,000 square meters (1,200 square yards) on his farm.

“Today, gold is more profitable than cocoa,” he said. “We get 1,500 CFA francs ($2.67) per gram of gold, and we’re about to negotiate an increase.”

Many other farmers are finding other uses for their farms, including leasing them to illegal gold miners, according to Moussa Koné, president of the Ivorian cocoa farmers’ union.

“Cocoa is not selling, but farmers still need money to feed their families,” he said.

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Governments race to find solutions

Ghana has initiated efforts to loosen regulations on price controls, and in January slashed its fixed price for cocoa beans by 28% to 41,392 cedis ($3,881) per metric ton, in an attempt to make the beans more accessible to buyers.

This week, Ivory Coast also slashed the price paid to cocoa farmers by more than half to 1,200 CFA ($2.13) per kilogram ($0.97 per pound) for 2026.

Farmers say the price cut has left their profit margin very slim when they factor in the costs of production.

“Accepting the current price means my son will have to drop out of school,” said Mercy Amponsah, a 50-year-old cocoa farmer in Ghana. Shee was among the farmers who visited the capital, Accra, in January to protest the price cut.

Some cocoa producers elsewhere in the world — South America and Asia — have improved their supply but West Africa still makes up the bulk of production.

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Farmers like Fofie say they must find other ways to survive, however.

“If I keep this cocoa farm for the next 10 years, I would die a poor man,” he said.

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Adetayo reported from Lagos, Nigeria.

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For more on Africa and development: https://apnews.com/hub/africa-pulse

The Associated Press receives financial support for global health and development coverage in Africa from the Gates Foundation. The AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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Soccer-Iran World Cup Players Granted Visas to Enter the US, Says White House Official

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Soccer-Iran World Cup Players Granted Visas to Enter the US, Says White House Official
June 5 (Reuters) – ⁠Iran’s ⁠World ⁠Cup players have been granted ‌visas to ‌enter ⁠the ⁠United States, a White House official told Reuters on Friday. The country’s ⁠soccer ⁠team are ⁠due to play their first Group ⁠G match on ⁠June 15 against New Zealand in ⁠Los Angeles, where they will also …
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Pro-US conservative faces leftist in Peru’s high-stakes presidential runoff

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Pro-US conservative faces leftist in Peru’s high-stakes presidential runoff

NEWYou can now listen to Fox News articles!

Peruvians head to the polls in a pivotal presidential runoff June 7 in an election that could reshape not only the country’s future but also the balance of power across Latin America.

Two candidates are vying to become the country’s ninth president in just 10 years. Conservative candidate Keiko Fujimori is campaigning on law and order, free-market policies and closer ties with the United States, while left-wing challenger Roberto Sánchez represents a political movement that many see as a continuation of the leftist currents that have challenged U.S. interests in the region.

José Ignacio Beteta, executive director of Asociación de Contribuyentes, a think tank in Peru, told Fox News Digital, “Peru’s June 7 runoff carries consequences well beyond its borders. When analyzed against the current U.S. National Security Strategy, this election will determine whether Peru consolidates its alignment as a U.S. partner or devolves into deeper geopolitical contention. Peru’s institutional weakness has already allowed China to expand into strategic sectors.”

MEET ‘CHINA’S MAN IN LIMA’ WHO JETTED OVER TO US TO COLLECT TRAINS DONATED BY BIDEN ADMIN

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Peru’s presidential candidates Keiko Fujimori (right) for the Fuerza Popular party, and Roberto Sanchez (left) for the Juntos por el Peru party, wave during a debate in Lima on May 31, 2026, ahead of the presidential runoff election on June 7.  (Ernesto Benavides/AFP Via Getty Images)

Beteta added, “Meanwhile, the vote is seen as a choice between a return to freer and more competitive economic and security policies with Fujimori and a second attempt at left-wing governance with Sanchez, a binary that mirrors South America’s broader ideological fractures.”

The election follows years of political instability in Peru, a country that has seen multiple presidents removed from office over the past decade and remains deeply divided between urban and rural constituencies.

Sunday’s election’s outcome is expected to be very close, with the possibility of a final result not being known for days, according to the Associated Press. 

For Washington, Peru’s election represents more than a domestic political contest. It is another test of the broader political direction of Latin America. Over the past several years, several countries in the region have experienced electoral shifts toward center-right or conservative governments, including Argentina under Javier Milei and Ecuador under Daniel Noboa who are all more friendly to Washington.

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A Fujimori victory would reinforce that trend and could position Peru alongside a growing bloc of governments favoring tougher approaches to crime, stronger ties with the United States and market-oriented economic policies.

Peru’s presidential candidate for the Fuerza Popular party, Keiko Fujimori, waves to supporters during her closing campaign rally in Lima on June 4, 2026. Right-wing candidate Keiko Fujimori and leftist Roberto Sanchez will face off in Peru’s presidential runoff on June 7, 2026.  (Anthony Nino de Guzman / AFP via Getty Images)

Presidential candidate Keiko Fujimori told Fox News Digital that if she wins, “My government’s foreign policy will be based on a very clear premise: defending Peru’s interests. Specifically, regarding the United States, my government will seek a relationship of cooperation, mutual respect and investment promotion. We welcome the Trump administration’s renewed perspective on Latin America and, especially, on Peru, which occupies a strategic geopolitical position in the region.”

Fujimori continued: “We want to seize this opportunity by generating greater stability, legal certainty, and confidence for investment. Peru must always be a country open to the world, committed to freedom, free competition, and the free market. Our goal is to lay the groundwork so that investors from the United States and around the world find in Peru a reliable, stable, and attractive country in which to invest, produce, and create jobs.”

Fox News Digital reached out to Sánchez’ campaign but did not get a response.

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ALLIANCE WITH US ‘DISMANTLED’ BY LEFTIST PETRO REGIME, COLOMBIA’S FORMER DEFENSE MINISTER SAYS

Peru’s presidential candidate for the Juntos por el Peru party, Roberto Sanchez, speaks during a campaign rally at the Plaza Tupac Amaru in Cusco, Peru, on June 2, 2026.  (Jose Angulo / AFP via Getty Images)

Peruvian analyst and legal expert Lucas Ghersi told Fox News Digital, “Roberto Sánchez represents a rather radical left. His platform includes nationalizations and expropriations, and he is close to Evo Morales and Nicolás Maduro. This election is highly polarizing Peruvian society.”

Ghersi continued, “If Keiko Fujimori wins, she would have a good relationship with the United States. She is a reasonable person who defends the constitutional framework and the rule of law, and she has ties to the United States because she has done academic work at Florida International University (FIU).

“Roberto Sánchez, on the other hand, would create tension in the relationship with the United States. During his campaign and in the presidential debate, he bitterly criticized Peru’s purchase of F-16 jets from the United States. He said that Peru shouldn’t buy from the United States and should instead use that money for health or education. He also has ties to illegal mining and has been accused of drug trafficking. This could create tensions in the relationship with the United States.”

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TRUMP LOOMS LARGE AS BIDEN SET TO MEET CHINA’S XI DURING LATIN AMERICA SUMMITS

Supporters of Peru’s presidential candidate Keiko Fujimori, for the Fuerza Popular party, shout slogans outside the Lima Convention Center ahead of her debate with Roberto Sanchez, for the Juntos por el Peru party, in Lima on May 31, 2026. Peru will hold the presidential runoff election on June 7.  (Connie France/AFP via Getty Images)

Ghersi concluded, “Peru is a very strategic country and has been the focus of competition between the United States and China. Peru has one of the largest proven copper reserves and is a major gold producer. Therefore, both China and the United States are vying for influence in Peru, and China has been promoting mega-investment projects there, such as a mega-port that is already operational. In response, the United States offered to renovate the Peruvian Navy’s base and invest in large port projects.”

A Fujimori victory would likely be interpreted in Washington as a continuation of the recent trend toward center-right governance in parts of Latin America. Fujimori has campaigned on restoring public security, strengthening economic growth, and maintaining Peru’s market-oriented model. Her supporters argue that these policies could encourage greater foreign investment and closer cooperation with the United States on security and economic issues.

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A Sánchez victory would present a different scenario. Although he has recently moderated portions of his platform, emphasizing respect for private property, free trade agreements and macroeconomic stability, questions remain about how his administration would approach relations with Washington and regional left-wing movements.

The next Peruvian president will help determine whether one of South America’s most important countries moves closer to Washington, or charts a leftward course.

The Associated Press reports that voting is mandatory in Peru for citizens from the ages of 18 to 70, with more than 27 million people registered.

The Associated Press contributed to this report.

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Pakistan official visits Iran with ‘special letter’ for supreme leader

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Pakistan official visits Iran with ‘special letter’ for supreme leader

Mediator Pakistan ramps up diplomatic efforts to end US-Iran war as Gulf countries warn of escalation.

Pakistan’s Interior Minister Mohsin Naqvi has travelled to Iran to deliver a “special letter” to Iran’s Supreme Leader Mojtaba Khamenei as part of diplomatic efforts to end the United States-Israeli war on Iran, which began 100 days ago.

Naqvi arrived in the Iranian capital, Tehran, late on Saturday, and met his Iranian counterpart, Eskandar Momeni. The two discussed the “latest regional developments and matters related to internal security”, among other issues, Naqvi said on social media. Before his arrival, Iranian media reported that the Pakistani official was carrying a letter from his country’s army chief and prime minister ⁠⁠for the supreme leader.

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His visit comes amid renewed tensions in the Gulf region. On Sunday, the US Central Command (CENTCOM) said its forces had shot down two Iranian one-way attack drones “that threatened international maritime traffic in the Strait of Hormuz”.

On Friday, it said it intercepted seven ballistic missiles heading towards Kuwait and Bahrain hours after it had shot down four Iranian drones launched towards the strait, a key waterway through which about 20 percent of globally traded oil normally passes. United States forces said they “subsequently” struck Iranian coastal surveillance radar sites in Garuk and on Qeshm Island “to defend against further maritime attacks”.

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The attacks drew the ire of Gulf nations that are bearing the brunt of a war they lobbied against. Bahrain denounced the latest attacks as “blatant aggression”. The island nation hosts the headquarters of the US Fifth Fleet. Kuwait said the attacks “represent a dangerous escalation”. Egypt, Jordan and Qatar joined the condemnation.

Negotiations at ‘deadlock’

Despite tit-for-tat attacks and sporadic exchanges of fire, negotiations over a deal to end the war are continuing, but an agreement remains elusive.

US President Donald Trump has alternated between threatening a renewed military campaign and expressing optimism about a diplomatic breakthrough. On Wednesday, he said an agreement could be finalised over the weekend.

But Iranian officials have offered a more cautious tone. “The negotiations are at a deadlock, and Trump must break this deadlock,” Mohsen Rezaei, military adviser to Iran’s supreme leader, told US media outlet CNN on Saturday. He also called for the release of about $24bn in frozen Iranian assets.

The unfreezing of Iranian assets is one of the key sticking points in ongoing talks. On Wednesday, media reports said US Treasury Secretary Scott Bessent was considering using them to support rebuilding efforts in the Gulf caused by Iranian attacks.

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“The Treasury will utilise all tools available to allow Iranian assets to be made available to our Gulf allies to support rebuilding and repairs for any future damage caused by Iran,” a US official told several news agencies.

Other sticking points include an end to hostilities across all fronts, including Lebanon; sanctions waivers on crude exports; the lifting of a US port blockade; and leverage over the Strait of Hormuz.

Iran has blocked the narrow waterway since the US and Israel launched the war on February 28. Tehran responded by firing waves of drones and missiles at Israel, US targets in the region and neighbouring Gulf countries.

It declared the Strait of Hormuz closed and threatened to attack vessels transiting through the narrow waterway without its permission. Its effective control of the trade chokepoint sent oil and gas prices to a multi-year high and threatened global supplies.

Armed hostilities largely subsided after the temporary Pakistan-mediated ceasefire began on April 8 . Direct talks in Islamabad broke down on April 12, and the two sides have exchanged a series of proposals to end the war via Pakistan since then. However, several flare-ups since have led to growing fears that full‑scale fighting could resume.

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