Ghana’s Cocoa Board (Cocobod) opened its cocoa light crop purchases on Friday June 21, maintaining the price it pays farmers at GHS 7,600 ($1,407) per tonne.
The world’s second largest cocoa exporter after Ivory Coast runs a two-cycle cocoa season consisting of the main crop which is mainly exported and the light crop harvest, discounted for local grinders.
The producer price will be GHS 228 for a 30kg bag, GHS 475 for 64kg, and a tonne in 16 bags equalling GHS 7,600, Cocobod said in a statement.
The light crop usually lasts for 11 weeks. Ghana and top grower Ivory Coast are trying to use their market dominance to get international buyers to pay a higher price for their cocoa, which has been depressed by oversupply in the last few years. Buyers agreed last Wednesday to their demand of $2,600 per tonne.
