By Ghana Eye Report
The Ghana Cocoa Board (COCOBOD) has announced that the producer price of cocoa will remain unchanged for the 2025/2026 season, according to a letter Wednesday.
A letter to the Licensed Cocoa Buyers’ Association of Ghana (LICOBAG) signed by Dr. James Kofi Kutsoati, Acting Chief Executive Officer (Operations), COCOBOD explained that the decision followed a thorough assessment of the operational and financial implications for the local cocoa industry.
“This decision comes after careful consideration of the operational and financial implications for the cocoa industry,” said the letter.
The adjustment, which translates to GH₵49,600 per tonne, is intended to align cocoa prices with current market conditions and provide additional support to Ghanaian cocoa farmers.
Currently, the cocoa producer price is GH₵3,100 per 64kg bag, representing a slight rise of 0.03% from the previous rate set in September for the 2024/2025 crop season.
The Board said the move aims to preserve stability and long-term sustainability within Ghana’s cocoa sector.
While COCOBOD acknowledged Côte d’Ivoire’s price hike, it hinted at a potential review of producer prices, fees, and margins for stakeholders in the 2025/26 season.
The decision comes at a time when both nations, who together produce over 60% of the world’s cocoa, are working to coordinate pricing through their joint Cocoa Initiative to better protect farmers’ incomes. Enditem
Source: Ghana Eye Report
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