Ghana Maintains Cocoa Prices in Light Purchase Season

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The light cocoa season purchases from farmers have begun in Ghana, with prices remaining unchanged at GH7,600  ($1,5 86) per tonne.

“The producer price to be paid at all buying centres is 228 cedis per load of 30 kilograms for Grade 1 and II cocoa beans naked ex-scale or 475 cedis per bag of 64 kilograms gross. A tonne of 16 bags is 7,600 cedis,” said Noah Amenya, spokesperson of COCOBOD, the regulator of Ghana’s cocoa industry.

Ghana runs a two-cycle cocoa season consisting of the main crop which is mainly exported and the light crop harvest, discounted for local grinders.

Although Mr. Amenya could not provide details about the target for the light crop season, he added that: “We expect purchases to start in earnest with buyers delivering cocoa beans from Monday.”

The world’s second-largest producer of cocoa had projected to buy at least 850,000 tonnes of cocoa by the close of the crop year in September.

 

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