Ghana’s president, Nana Addo Dankwa Akufo-Addo announced a new producer price for cocoa for the 2020/2021 crop season. The new producer price is pegged at GHC10,560 per metric tonne of cocoa indicating that a bag of cocoa is now GHC660.
How much is 1kg of cocoa in Ghana?
Ghana Cocoa Beans Prices
Prior to 2019, one kg of cocoa beans was going for US$2.86 in 2017 and US$2.89 in 2018. In 2019 the export price changed to $2.88 per kilo, by -0.40119463%.
What is the current price of cocoa?
1 Tonne of cocoa at Idanre, Ondo State: ₦740,000 – ₦760,000. 1 Tonne of cocoa at Ore, Ondo State: ₦730,000 – ₦750,000. 1 Tonne of cocoa at Ife Central, Osun State: ₦730,000 – ₦750,000. 1 Tonne of cocoa at Akoko Edo, Edo State: ₦730,000 – ₦760,000.
What is the price of a kilo of cocoa?
Average prices for cocoa worldwide from 2014 to 2025 (in nominal U.S. dollars per kg)
|Characteristic||Price in nominal U.S. dollars per kilogram|
Has cocoa price been increased?
This represents a hike of more than 28 percent over the price obtained in the outgoing crop year of 2019/2020.” The current 2019/2020 producer price of GHS8,240 per metric tonne, equivalent to GHS514 per bag, was an 8.2 percent increase over the 2018/2019 price of GHS7,615, equivalent to GHS475 per bag.
How much is cocoa price in Ghana 2020?
Ghana’s president, Nana Addo Dankwa Akufo-Addo announced a new producer price for cocoa for the 2020/2021 crop season. The new producer price is pegged at GHC10,560 per metric tonne of cocoa indicating that a bag of cocoa is now GHC660. The current price per 64kg bag of cocoa is GHC514.
What is the price of cocoa per ton?
Monthly cocoa price worldwide 2016-2020
Between 2016 and 2019, the monthly price of cocoa worldwide peaked in mid-2016 at about 3,122 U.S. dollars per metric ton and has since declined to around 2,134 U.S. dollars per metric ton as of October 2018.
How many chocolate bars does 1 kg of cocoa make?
You can also visit a chocolate maker in your area or their website and beg them to sell you a 3 kilos of cacao- this can cost about $20 US dollars per kilo but it will yield you about 30 bars, 50 grams each, 70% chocolate.
Is growing cocoa profitable?
As mentioned before, growing cocoa in India as a profitable crop is possible when inter-cropping is done scientifically. According to some calculations, a farmer can earn up to Rs 60,000 per acre of land along with coconut, from which he can earn Rs. 30,000 per acre.
Why are cocoa prices rising?
The demand for cocoa and cocoa products has been rising around the world. This is partly because of the overall improvement of the global economy, especially in China. Demand for chocolate has also remained robust in European, South American, and African countries.
How much money does Ghana make from cocoa?
Cocoa farmers in Ghana make $1/day, while those in Côte d’Ivoire make around $0.78/day—both significantly below the extreme poverty line. Farmers are often unable to bear the costs of cocoa farming as a result of low incomes.