Articles worth reading

hiplife artiste diojo s album release party on april 27

access_time April 17, 2013

Hip life artiste Diojo known in real life as Ishmael Opoku Acheampong has hinted the press about the due date

rescued orangutans returned to the wilds of indonesia after borneo rehabilitation programme

access_time April 27, 2012

Trio were cared for by Borneo rehabilitation programme By Kerry Mcqueeney PUBLISHED: 11:56 EST, 27 April 2012 | UPDATED: 14:35

zimbabwe principals to launch census

access_time August 7, 2012

PRINCIPALS in the Inclusive Government will next Wednesday launch this year’s national population census, Acting Finance Minister Gorden Moyo has

government wants cocoa output sustained at 1m tonnes

government wants cocoa output sustained at 1m tonnes

access_time February 27, 2013 chat_bubble_outline 0 comments
shareShare this post

Government’s prime focus is to work toward sustaining cocoa output at the historic one million tonnes achieved in the 2010/11 season, President John Dramani Mahama has said.

“Our focus is to work toward achieving sustainable production of the historic one million tonnes of cocoa,” he revealed in his State-of-the-Nation address to Parliament last week.

He explained that the key measures Government has identified to accomplish this are the continued payment of at least 70 percent of the world market price of cocoa to farmers, and the distribution of 20 million hybrid cocoa seedlings free of charge over the next several years.


“Additionally, we will pursue the continued application of the hi-tech system to increase yield per hectare. We are also reviewing the current distribution system of subsidized inputs to ensure that they reach the farmers directly,” he said.

The President’s statement has come at a time when the industry regulator, Ghana Cocoa Board (Cocobod), is confident it will achieve its 2012-2013 crop-year harvest target of 800,000 metric tonnes, even though the rains have delayed.

The rainfall pattern in the south and north of the Western Region, where around 55 percent of Ghana’s cocoa is produced, has been very bad this season – raising fears the harvest may be lower than projected.

Ghana operates a two-cycle cocoa year consisting of a 33-week main crop (October-June), which is mainly exported to Europe and Asia, and the minor light crop (11-week) which is discounted to local processing firms including the state-owned Cocoa Processing Company (CPC).

The main season, which opened in October last year, is getting off to a slow start and is being closely monitored by international traders. Cocoa purchases for the 2012-13 season reached 209,400 tonnes by Nov. 8th – down 31 percent on the year according to Cocobod figures.

Ghana produced an unprecedented one million tonnes of cocoa during the 2010-11 crop-year, thanks to good weather and improved farming techniques; but production declined to about 850,000 tonnes last season.

Government in October last year announced a marginal increase in the producer price of cocoa for the 2012/13 season, despite a more-than-10 percent slump in the world price of the crop in the 12-month period to that announcement.

The producer price was reviewed upward by 3.4 percent, from GH?3,280 to GH?3,392 per tonne. A bag of cocoa beans is currently sold at GH?212, from GHC205 previously, representing 78.42% of the net Free on Board (FOB) value of the crop.

Government also reduced its share of the 2012/13 cocoa export duty drastically in order to raise the producer price paid to farmers. Farmers were faced with declining world cocoa prices from US$3,000 in 2011/12 to US$2,300 in 2012/13.

In addition to the higher producer price, farmers will continue to benefit from free improved seedlings, mass-spraying, and rehabilitation of farms as well as scholarships for their children. Ghana is the second-biggest producer of cocoa in the world, with an estimated 800,000 people said to benefit directly from cocoa production.

READ ALSO:   spies set on journalists
shareShare this post
content_copyCategorized under

No Comments

comment No comments yet

You can be first to leave a comment

Submit an answer

info_outline

Your data will be safe!

Your e-mail address will not be published. Also other data will not be shared with third person.