The producer price of Ghanaian Cocoa is set to increase by 21% for the 2022-2023 crop season, which began October 7th. The new price means that Cocoa farmers in Ghana will now receive GH₵12,800 (circa $1,213.73) per metric tonne, up from GH₵10,560 (circa $1,001.33). The announcement was made at a press conference in Accra, where […]
GHANA’S COCOA PRODUCER PRICE INCREASES BY 21% Read More »
Cocoa farmers in Côte d’Ivoire are seeing a 9% increase in the farmgate price from 825 CFA ($1.24) to 900 CFA francs ($1.33) per kilo. Vice-President of Côte d’Ivoire, Tiemoko Meyliet Kone, made the announcement on Friday, saying the new price will take effect for the 2022/2023 main harvest season, which begins on 1 October.
CÔTE D’IVOIRE INCREASES COCOA FARMGATE PRICES BY 9% Read More »
Multiple Cocoa farmers’ unions in Ghana have come together to express their concerns over the current price of Cocoa, claiming that it is insufficient to sustain the rising cost of living, which has reached an alarming level. The Obaatampa Cocoa Farmers Cooperative Union, Dormaaman Cocoa Farmers Cooperative Union, Ghana National Cocoa Farmers Association (GNACOFA), Upper
GHANA’S COCOA FARMERS THREATEN TO SELL DIRECT UNLESS PRICES RISE Read More »
Nigerian Cocoa farmers are growing concerned that they will soon be unable to afford the necessary farming supplies to carry out their duties. The price of chemicals and other farming inputs is reportedly rising, according to information provided by chemical dealers and traders in the area. This, combined with rising transportation costs and a weakening
WEAK CURRENCY AND HIGH PRICES A DOUBLE-WHAMMY FOR NIGERIAN COCOA FARMERS Read More »
In the 2020-2021 growing season, Ghana and Cote d’Ivoire are predicted to have a 102,000 ton surplus of cacao
SUPPLY CONCERNS AND THE PRICE OF COCOA Read More »
Côte d’Ivoire not yet concerned about dry spell Côte d’Ivoire, the current world leader in Cocoa production, has recently reported particularly dry weather conditions but is not yet too concerned about the impact on its production. According to Reuters, Cocoa farmers in the West African country have said that despite the dry weather last week,
INCONSISTENT RAINFALL COMPLICATE CÔTE D’IVOIRE & NIGERIA COCOA PRODUCTION Read More »
A dispute has broken out in Nigeria over proposed new cocoa regulations that would see the government control all cocoa purchasing in the country. Governor Ayade has proposed the new law by Executive order to the dismay of many farmers, who prefer to see an open market and cite the unhappiness of farmers in Ghana
NIGERIA’S PROPOSED NEW COCOA LAW WILL HURT FARMERS Read More »
Nigeria is experiencing huge queues at petrol stations and a scarcity of fuel as market, vandalism and logistic problems plague the industry. There are a series of logistics issues as regards the supply chain. But the government and stakeholders are engaging in order to get a solution to these issues. However, we believe that this
NIGERIA’S FUEL SHORTAGE AND COSTS ARE HURTING COCOA TRANSPORT Read More »
Selected Cocoa farms in Ghana were chosen to test the use of Remote Sensing (RM) to apply fertilisers to crops. The Soil Research Institute (SRI) of the Council for Scientific and Industrial Research (CSIR) is leading the pilot project with the aim of identifying the specific requirements of local Cocoa-growing soils. Currently, most fertilisers used
GHANA COCOA FARMS PILOT CUSTOM FERTILISER APPLICATION TECHNOLOGY Read More »
Premium Belgian chocolate brand Guylian has confirmed it will partner with Fairtrade America, which the company says marks a step towards more ethical trade for the company. The new deal will see the chocolate company use 100% Fairtrade Cocoa in its US confectionery lines, with the new products clearly labelled as Fairtrade to distinguish them.
GUYLIAN TO USE FAIRTRADE MARK COCOA IN US CHOCOLATE PRODUCTS Read More »
