To ease your site search, article categories are at bottom of page.

January 18, 2010

Cocoa producer prices go up in Ghana

Ghana has increased the producer price of cocoa by 8.6 per cent, jumping up from 2,208 Ghana cedis to 2,400 Ghana cedis per tonne (US$1=1.42 Ghana cedis).

Dr. Kwabena Duffuor, Minister of Finance and Economic Planning, said the increase was on the recommendation of the Producer Price Review Committee which met in Accra.

The meeting was attended by stakeholders in the cocoa industry, including farmers and representatives of Licensed Buying Companies. Cocoa is Ghanas's chief foreign exchange earner and Ghana is the world's sec ond biggest cocoa producer after western neighbour Cote d'Ivoire.

Dr. Duffuor said the increase represented 72.16 per cent of Free On Board (FOB) price of the commodity, which translated to GHc150 per bag of 64 kilogrammes gross weight as against GHc138 per bag announced in October last year.

He also announced that the Buyers' Margin had been increased from GHc250 per tonne to GHc280 per tonne.

Dr. Duffuor said the rate for haulers, which was GHc105 per tonne at the beginning of the season, had also been raised to GHc113 per tonne.


Article Categories

AGRA agribusiness agrochemicals agroforestry aid Algeria aloe vera Angola aquaculture banana barley beans beef bees Benin biodiesel biodiversity biof biofuel biosafety biotechnology Botswana Brazil Burkina Faso Burundi CAADP Cameroon capacity building cashew cassava cattle Central African Republic cereals certification CGIAR Chad China CIMMYT climate change cocoa coffee COMESA commercial farming Congo Republic conservation agriculture cotton cow pea dairy desertification development disease diversification DRCongo drought ECOWAS Egypt Equatorial Guinea Ethiopia EU EUREPGAP events/meetings exports fa fair trade FAO fertilizer finance fisheries floods flowers food security fruit Gabon Gambia gender issues Ghana GM crops grain green revolution groundnuts Guinea Bissau Guinea Conakry HIV/AIDS honey hoodia horticulture ICIPE ICRAF ICRISAT IFAD IITA imports India infrastructure innovation inputs investment irrigation Ivory Coast jatropha kenaf keny Kenya khat land deals land management land reform Lesotho Liberia Libya livestock macadamia Madagascar maize Malawi Mali mango marijuana markets Mauritania Mauritius mechanization millet Morocco Mozambique mushroom Namibia NEPAD Niger Nigeria organic agriculture palm oil pastoralism pea pest control pesticides pineapple plantain policy issues potato poultry processing productivity Project pyrethrum rai rain reforestation research rice rivers rubber Rwanda SADC Sao Tome and Principe seed seeds Senegal sesame Seychelles shea butter Sierra Leone sisal soil erosion soil fertility Somalia sorghum South Africa South Sudan Southern Africa spices standards subsidies Sudan sugar sugar cane sustainable farming Swaziland sweet potato Tanzania tariffs tea tef tobacco Togo tomato trade training Tunisia Uganda UNCTAD urban farming value addition value-addition vanilla vegetables water management weeds West Africa wheat World Bank WTO yam Zambia Zanzibar zero tillage Zimbabwe

  © 2007 Africa News Network design by

Back to TOP