Ghana opens cocoa light crop season at GHS 7,600 per tonne

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.

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