Ghana Cocoa Board (COCOBOD) has announced purchasing for cocoa light crop will open Friday, June 21, 2019 at the same price it pays farmers at GHC 7,600 ($1,407) per tonne.
The world’s second largest cocoa exporter after Ivory Coast runs a two-cycle cocoa season consisting of the main crop which is mainly exported and the light crop harvest, discounted for local grinders.
“The producer price to be paid at all buying centres is Two Hundred and Twenty-eight Ghana Cedis (GhȻ228.00) per load of 30 kilograms for Grade I and II cocoa beans naked ex-scale or Four Hundred and Seventy-Five Ghana Cedis (GhȻ475.00) per bag of 64 kilograms gross. A tonne of 16 bags is Seven Thousand Six Hundred Ghana Cedis (GhȻ7,600.00),” COCOBOD said in a statement on Wednesday.
The light crop usually lasts for 11 weeks, according to Reuters.
Ghana and top grower Ivory Coast are trying to use their market dominance to get international buyers to pay a higher price for their cocoa, which has been depressed by oversupply in the last few years. Buyers agreed last Wednesday to their demand of $2,600 per tonne.
Source: Daily Mail GH
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