Ghana Cocoa: Producer Price Unchanged

The Government of Ghana has maintained the producer price of cocoa for the 2018/2019 cocoa season at GH¢7,600 per tonne, translating into GH¢475 per bag of 64 kilogramme (kg) gross weight.

The price takes effect with the new season expected to commence on Friday October 5, 2018.

Cocoa price on the international market in recent times has reduced from US$3,300 per tonne to US$2,100, representing a decline of about 40 per cent.

Photo Credit-Wienco

Farmer Reactions

Most cocoa farmers interviewed by Agricinghana Media  were very unhappy  after Ghana Cocoa Board’s declaration of the 2018/19 season producer price. The producer price has remained unchanged for three consecutive seasons.

The cost of production tend to go up every other season and this puts farmers in a diminishing profit margin situation.

With the current trend there is a threat to the sustainability of cocoa production in Ghana especially by the close to 800,000 smallholder farmers and this should be of immense concern to chocolate lovers and cocoa processing agribusinesses.

News Source: Agricinghana Media

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