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COCOA STAKEHOLDERS ACCEPT US$ 2,600 AS MAIDEN FLOOR PRICE FOR TONNE OF COCOA

The stakeholders have accepted US$2,600 as maiden floor price for tonne of Cocoa. This involved all major Cocoa trade houses, processors and manufactures. Because of the two days stakeholder’s engagement on farmer’s income between Cote D’ivoire and Ghana held.

The Governments of Ghana and Cote d’Ivoire are united to achieve better living standards for cocoa producers. And also instill efficiency in our domestic supply chains. At the engagement issues discuss was on mechanism for the implementation of a common floor price.

This was for cocoa beans produced from Cote d’ivoire and Ghana. At the just ended stakeholders forum Joseph Boahen,the CEO  discloses to journalists.

He said the proposed floor price of US$2,600 was accepted by all stakeholders .Also the processors, Manufacturers and traders requested for a technical meeting. In order to fine tune the mechanism for the implementation of the floor price.

He added that the two countries agreed that the issues of sustainability, relating to traceability, environment and child labour are important. Although important be decoupled from the floor price and to be discussed at another forum.

Furthermore the engagement on the matter, Cote D’Ivoire and Ghana suspended sales of the 2020/21 crop until further notice. This was in the preparation for the implementation of the floor price.

Story by Pascaline Tengey/pinkfmonlinegh.com

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