Tag: Farmgate price
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COCOBOD bemoans hoarding of cocoa beans in anticipation of price increase
The Ghana Cocoa Board (COCOBOD) has described as troubling the hoarding of cocoa beans by some cocoa farmers in anticipation of an increase in the farmgate price. Currently, a 64-kilogram bag of cocoa in the 2019/2020 crop season is going for GHS515, while a ton is going for GHS8,240. But news of an upcoming 21…
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COCOBOD likely to announce 21% increase in farmgate price
The Ghana Cocoa Board is expected to announce a 21 percent increase in the farmgate price for the upcoming 2020/2021 crop season. Farmgate price is the price COCOBOD pays to farmers for their beans. If the price increase takes effect, Cocoa farmers will then be receiving GHS625 or $108 dollars per 64-kilogram bag, or GHS10,000…