ADVERTISEMENT
Producer price of cocoa increased
A 64kg bag of cocoa beans will now be sold at GHc475.00 from Gh¢425, representing 77.45 percent increment.
___5556091___https:______static.pulse.com.gh___webservice___escenic___binary___5556091___2016___10___2___6___cocoa-beans
He made this known at this at this year’s Cocoa Day at Tepa in Ahafo Ano North District in Ashanti region under the theme, “Transforming the cocoa sector for economic growth." The increment takes effect immediately.
Ghana is the world's second leading producer of cocoa and remains one of the country's major foreign exchange.
ADVERTISEMENT
“last year, the average FoB per tonne of cocoa sold was US$2,900, and this year the average FoB is $2,950 per tonne. The producer price of cocoa has been reviewed from ¢6,800 per tonne to ¢7,600 pee tonne for 2016/2017,” Mr Forson said.
He assured farmers “government shall continue the Stabilization Fund with annual contributions from the FoB price as a risk mitigation mechanism against declines in international cocoa prices.”
Mr Forson said the government will the Stabilization Fund to "cushion farmers, should the world market price begin to decline as we move into the future.”
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
Train accident photo posted on my social media pages is a photoshop - Peter Amewu
Court jails truck driver 6 months for causing Ghana's brand-new train accident
609 Ghanaians died in first 3 months of 2024 through road crashes - NRSA reveals
Joseph Addo files nomination to contest as NPP Parliamentary aspirant for La Dadekotopon
Dumsor: ECG board members reject PURC GH¢5.8m fine
Woman who claims to have been taken to another world by dwarfs shares experience
Organised Labour threatens to strike May 2 over Tier-2 pension arrears
Nana Addo assures he will prioritize the welfare of cocoa farmers