Tag Archives: COCOA

The Ghana National Cocoa Farmers Association has called for an immediate increase in cocoa prices for the upcoming planting season. The Association insists that farmers will accept no less than GH¢6,000 per tonne and warns of serious consequences if their demands are not met, citing the currently low cocoa prices in …

The Ghana Cocoa Board (COCOBOD) is projecting a significant boost in cocoa production for the 2024/25 season, anticipating over 800,000 metric tons, following a substantial GHC943 million investment aimed at rehabilitating aged and disease-ridden cocoa farms. This effort is part of a broader strategy to revive the cocoa sector and …

Ghana Cocoa Board (COCOBOD) has declared that the importation of cocoa beans into Ghana is permitted by law and the practice has been going on since November 2001. In a statement issued by the public affairs department of Ghana Cocoa Board dated 4 February 2024, reacting to an official letter …

Ivory Coast has increased its cocoa farmgate price by 11.1% from 900FCFA to 1,000FCFA ($1.62) per kilogram for the 2023/24 crop season. The minister for agriculture and rural development, Kobenan Kouassi Adjoumani, also announced the new farmgate price for coffee as 900 CFA francs/kg, representing a 20% raise. Ivory Coast, …

The Ghana National Association of Cocoa Farmers has demanded better welfare for farmers. The association says several cocoa farmers live in abject poverty. The Public Relations Officer for the Association, Nana Yaa Asantewaa, said their welfare has not been prioritised by the government. She lamented that the producer price of …

Whereas President Nana Addo Dankwa Akufo-Addo’s announcement of a new producer price for a bag of cocoa was met with wild jubilations at an event in Tepa on Saturday, some group of farmers have expressed worry over the government’s decision to peg the new price at GH¢1,308. Secretary of the National …

A spontaneous jubilation greeted the announcement of a new producer price for the 2023/2024 cocoa season by President Nana Addo Dankwa Akufo-Addo at Tepa in the Ahafo-Ano Municipality on Saturday. The President had to take a break in his speech for about five minutes as the elated farmers rushed in front of …

President Akufo-Addo has officially announced a significant increase in the farm gate price of cocoa beans, raising it from GH¢800 to GH¢1308 per bag for the upcoming cocoa season. During the opening of the 2023/2024 cocoa season in Tepa, located in the Ashanti region, President Akufo-Addo revealed that this adjustment …

Cocoa farmers are demanding a farm-gate price of GH¢1,380 for a 62.5kg bag of cocoa beans, a 72.5 percent increase over the current price of GH¢800. As COCOBOD gets ready to announce new prices for the upcoming 2023/2024 cocoa season in the coming days, a group known as the Ghana …

The global cocoa market experienced a surge in prices during April 2023, reaching a six-year high in both the London and New York markets, according to the April 2023 cocoa report by the International Cocoa Organization (ICCO). Prices of the front-month [May 2023] cocoa futures contract rose by 5 percent …