Tag: Cocoa Price
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Gov’t raises cocoa producer price to GH¢8,249 per tonne
The Minister of State in-charge of Food and Agriculture, Dr. Gyiele Nurah has disclosed that the cocoa producer price for a ton has been increased to GH¢8,249 while a 64-kilo bag would now be sold at GH¢515 The increment represents an 8 percent for the next crop season. The government has announced an increase in cocoa…
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![[Article] New cocoa floor price: A step towards a more equal trade](https://citibusinessnews.com/wp-content/uploads/2019/06/cocoa.jpg)
[Article] New cocoa floor price: A step towards a more equal trade
On 12 June 2019, the governments of Ghana and Côte d’Ivoire announced a floor price of USD 2,600/ton of cocoa beans for the 2019/2020 cocoa season. They also announced a suspension of forward sales of beans for the 2020/2021 season. This is a historic move and is seen as a “show of power” by the…