What is the price of cocoa in Ghana?

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.

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%.

How much is cocoa price in Ghana 2020?

The President, Nana Akufo-Addo has announced a new producer price for cocoa for the 2020/2021 crop season. Effective October 1, 2020, the new producer price is pegged at GHS10,560 per metric tonne of cocoa indicating that a bag of cocoa is now GHS660.

Has cocoa price increase in Ghana?

ACCRA, Sept 24 (Reuters) – Ghana will increase the guaranteed cocoa price it pays to farmers during the upcoming growing season by 28% to 10,560 cedis ($1,837) per tonne President Nana Akufo-Addo said on Thursday.

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)

IMPORTANT:  How do I apply for a work permit in Uganda?
Characteristic Price in nominal U.S. dollars per kilogram
2020* 2.4
2019 2.34
2018 2.29
2017 2.03

How much is a tonne of cocoa?

Prices of Cocoa in Nigeria Today

As it stands, a tonne of cocoa sells for anything between N700, 000 – N750, 000 depending on the location of purchase.

How much is a bag of cashew in Ghana?

Ghana’s import price for cashew nuts in 2019 was US$0.33 per kg.

Are cocoa prices rising?

Ghana has announced an increase of the guaranteed the cocoa price it pays to farmers by 28% per ton for the new growing season. … Ghana is the world’s second-largest exporter of cocoa, after Ivory Coast, and exports around 850,000 metric tons of cocoa each year.

What is the cost of cocoa beans?

Cocoa beans Monthly Price – Indian Rupee per Kilogram

Month Price Change
Dec 2019 173.70 -3.50 %
Jan 2020 185.45 6.77 %
Feb 2020 194.34 4.79 %
Mar 2020 173.90 -10.52 %

Who does Ghana sell cocoa to?

Export Market

Trade is highly concentrated, with Malaysia and the Netherlands account for just over half of the market. The United States, Germany and France round out the top-five trading partners, representing 69% of cocoa export earnings.

Why is cocoa important to Ghana?

“Cocoa is a major source of foreign exchange for Ghana and foreign exchange is good for the country. Also, cocoa money is used for hospitals and roads for the benefit of the country. Cocoa is the backbone of the Ghanaian economy.” (Male FGD participants, Western Region).

African stories