Why Ghana wants to raise cocoa farmers’ prices by 5.2%

Ghanaian officials have signaled their intentions to raise cocoa farmgate prices by 5.2% for the 2019/20 season. According Reuters sources at Ghana’s agency coordinating the sector, Cocobod and its marketing arm Cocoa Marketing Company (CMC) this will be the first increase in four years. The farmgate price will rise to $1,523.81 (8,000 Ghanaian cedis) per tonne in the next season starting in October this year. That is an increase from $1,410.38 (7,600 cedis) per tonne the previous season. A meeting of Ghana’s Producer Price Review Committee is now set to…

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