Ghana to raise cocoa farmgate price

Ghana’s cocoa regulator plans to increase the state-guaranteed price paid to its cocoa farmers for the 2024/25 crop season by nearly 45%, Reuters reported Monday (Sep. 02) 

If confirmed, it would be the second increase in a row. 

Earlier this year, Ghana followed fellow major cocoa producer Côte d’Ivoire in raising the farmgate price of the commodity by 58% to reach 33,120 Ghana cedis (about 2,499 U.S. dollars) per ton. 

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