Producer price of cocoa goes up
The government has increased the producer price of cocoa from GH¢5,520 per tonne to GH¢6,720 per tonne.
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This means that every 64 kilogramme bag of cocoa beans will attract GH¢420, representing 73 per cent of the net free-on-board (FOB) price.
The new price took effect from yesterday and is expected to help motivate the crop farmers and other stakeholders to increase their production in the 2015/16 cocoa season.
At a news conference in Accra Friday to announce the new producer price, a Deputy Minister of Finance, Mr Cassiel Ato Forson, said the new producer price would also help to discourage the smuggling of the beans to neighbouring Cote d’Ivoire, where a tonne of cocoa was reportedly being sold at the equivalent of GH¢395.
Bonus
He said the government had also agreed to pay five cedis as bonus to farmers at the time of sale of their produce.
The announcement of the new producer price in Accra coincided with the openi