Cocoa players accept the price floor proposed by Ghana and Côte d'Ivoire

Partners in the global cocoa industry have accepted the proposed floor price of Ghana and Côte d'Ivoire of $ 2,600 per tonne.

This pricing should come into effect from the main growing season from 2020 to 2021.

The agreement therefore gives badurance of better producer prices for Ghanaian farmers. This is explained by the fact that 70% of the price will be given directly to farmers for their products sold to authorized purchasing companies.

Joseph Boahen Aidoo, Director General of COCOBOD, who made these observations, however, said that Ghana had to respond to certain requests during and after the period.

Mr. Aidoo also spent time explaining some of the key interventions implemented by COCOBOD and informing farmers of the best tillage practices to improve yields.

The CEO of COCOBOD and his team of regulators are traveling to the Ashanti region for a tour of cocoa-producing districts to interact with farmers and get to know their concerns directly.

On the first day of the visit, COCOBOD's management team held interviews with farmers from Amansie West, South and Central districts in Tontokrom, Obuasi, Adansi Atobiase and Brofoyedru, near Adansi Asokwa, in the district of North Adansi.

Some of the issues raised by farmers are related to the irregular and untimely provision of subsidized fertilizers and approved agrochemicals, poor roads to cocoa-producing communities, delays in the payment of allowances, and the provision of agricultural supplies. work to members of the mbad spray gang.

COCOBOD Executive Director Joseph Boahene Aidoo briefed cocoa farmers on the president's initiative to rationalize cocoa prices.

He badured them that global players in the cocoa industry had accepted the floor price of $ 2,600 per ton of merchandise as of October 2020-2021.

However, Ghana must respect certain modalities required to avoid a threat of boycotts of the country's products by the EU.

These demands include the total elimination of child labor in cocoa production, exploitation in reserved forests and the use of harmful chemicals such as the Two-Four D in production.