Ghana, Cote D’Ivoire announce more cash for cocoa farmers Featured

Ghana and Cote D’Ivoire have announced a US$400 per tonne (Living Income Differential) to be paid to cocoa farmers, as part of a set of measures they believe will further cushion cocoa farmers — having already agreed to a minimum price for a tonne of cocoa sometime last month.

A meeting in Accra between the two countries together with global processors and buyers for the beans had ended with a tentative price of US$2,600 being for a tonne of cocoa on the world market.

The two countries had a follow-up meeting in Abidjan with stakeholders to deliberate further on the challenges affecting the cocoa sector.

A statement issued after the meeting said, “Following series of engagement with key stakeholders, Cote D-Ivoire and Ghana have established a new pricing mechanism for the trading of cocoa beans which, we believe, would help provide a remunerative price for the Farmer.”

The Mechanism which was introduced to industry players was understood. This system takes into consideration a fixed living income differential which would provide farmers with a decent income.”

“A $400 per tonne (Living Income Differential) has been instituted to guarantee the floor price.” This means for every tonne of cocoa sold, there is an addition $400 that would go to the farmer.

Minimum price

Stakeholders in the cocoa value chain last month agreed to a proposal by Ghana and Cote d’Ivoire to set a minimum price of US$2,600 per tonne for the cash crop after a historic meeting in Accra,.

The two-day meeting held in Accra, which was called at the instance of the two countries, was attended by processors, traders, chocolate manufacturers among other organizations that play various roles in the cocoa industry.

When the minimum price becomes effective, the two countries will no longer sell cocoa beans on the world market below the US$2,600 floor price, thereby guaranteeing farmers a much higher price than currently prevails.


Email This email address is being protected from spambots. You need JavaScript enabled to view it.


  • Comment Link SueExhag SueExhag 03 August 2020

    prednisone 20 mg tablet ampicillin 250 mg capsule medrol 4 medicine buy baclofen online strattera 2017 nolvadex cheap buspar tablets 5mg prazosin 5 mg 1mg xenical tablets price in india online paxil prescription

  • Comment Link MarkExhag MarkExhag 03 August 2020

    buy lopressor cleocin 2

  • Comment Link JudyExhag JudyExhag 03 August 2020

    cymbalta generic price comparison price of diflucan in south africa can i buy viagra online with paypal tretinoin 0.025 australia price of wellbutrin xl colchicine tablets where to buy dipyridamole brand name uk buy accutane nz buy cipro cheap otc levitra

  • Comment Link MiaExhag MiaExhag 03 August 2020

    wellbutrin 20 mg robaxin prescription medication valtrex uk dipyridamole tablets buy malegra 120 mg

  • Comment Link JaneExhag JaneExhag 03 August 2020

    avana pill

  • Comment Link JimExhag JimExhag 03 August 2020

    hydrochlorothiazide 45 mg furosemide 80 mg stromectol ireland priligy online nz how much is propranolol amoxicillin 500mg tablets price in india

  • Comment Link IvyExhag IvyExhag 02 August 2020

    lisinopril 5 mg prices albenza 1996 how much is bactrim buspar 300 mg buy strattera paypal buy lexapro canada prednisolone 15 mg price plavix 196 azithromycin 250mg coupon vermox 100 prednisone uk over the counter order accutane on line no prescription buy cheap clomid 500 mg cipro no prescription malegra 150 propecia online canada propranolol canada over the counter drug avodart where to get proscar without prescription finpecia

  • Comment Link JimExhag JimExhag 02 August 2020

    furosemide 180mg where to buy clomid prescription indocin 25 mg price zithromax 250 g buy prozac inderal medicine 10 mg baclofen 20 mg online brand name prednisolone

  • Comment Link JoeExhag JoeExhag 02 August 2020

    cleocin 2 cream over the counter plavix buy online uk flaygle xenical 120 price in india how to get diflucan

  • Comment Link JimExhag JimExhag 02 August 2020

    valtrex drugstore can i buy seroquel over the counter

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

Featured Video