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Accra, July 8, GNA – Ghana and Ivory Coast
have agreed to legislate on the minimum producer price to be paid to cocoa
as a way to protect their income.
Both countries have agreed to pay farmers a
Guaranteed minimum price of 70% of the floor price of $ 2,600 per tonne.
Mr. Joseph Boahen Aidoo, Executive Director of
Cocobod said at a press conference Monday that farmers would have the right to
payment of the bonus when the average gross direct price reaches
the end of the cocoa season is between $ 2,600 ($ 2,700 in cost insurance)
Freight (CIF) – $ 2,900 (C $ 3,000).
He said that countries have agreed that one
a stabilization account is created as part of the cocoa initiative of the two countries
and provided for in the Charter.
In this regard, two accounts would be established
for each country within the secretariat in Accra where any additional value above
C $ 3,000 or FOB $ 2,900 gross of the weighted average achieved will be
deposit.
Mr. Aidoo said that the only money order for which sums of money
disbursement of the account was for the sole purpose of
Average weight reached if it falls below $ 2,300 CAD or $ 2,200 gross FOB.
"It is instructive to note that, this new
fixed arrangement $ 400 constant for each ton of cocoa from both
countries. So, for example, with the 900,000 metric tons of cocoa produced
last year he reportedly brought in about $ 360 million at the top
supply chain level for us here in Ghana at the lower cocoa level
value chain, "he explained.
GNA
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