Floor price

Higher prices are needed to ensure cocoa production becomes more sustainable, a senior European Union official said on Tuesday, backing plans by top growers Ivory Coast and Ghana to levy a “living income differential” on sales. “Ivory…
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The Chief Executive of the Ghana Cocoa Board (COCOBOD), Mr. Joseph Boahen Aidoo, has expressed optimism that the Cocoa Producer Price for the 2019/2020 crop year will come as good news to cocoa farmers. The COCOBOD Chief said he trusts…
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The Ghana Cocoa Board (COCOBOD) has banned the use of all forms of incentives given to cocoa farmers on a bag of cocoa beans sold. According to the board, the incentives had resulted in unhealthy competition among Licensed Cocoa Buying…
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Citizen Watch, a leading think tank group, is calling on President Addo Dankwa Akufo-Addo to scale up the farmgate price of cocoa beans to GH¢9,000 per tonne from the current GH¢8000. The think tank says the increase will save the…
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A Mondelez International Inc (MDLZ.O) executive has said that the new cocoa pricing mechanism announced by the top two growers Ivory Coast and Ghana is causing cocoa costs to rise. The chief financial officer of the Illinois-headquartered…
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Ghana and Cote d'Ivoire have announced a new cocoa trading pricing mechanism offering a $400 per tonne living income differential (LID) to the farmer. The Living Income Differential is introduced as a "guarantee" to the $2,600 per tonne…
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