government wants cocoa output sustained at 1m tonnes

// Business | government wants cocoa output sustained at 1m tonnes
Email to a friend Plain text Print version // Font size: Decrease font Enlarge font
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.

Tagged : No tags for this article

Headlines Newsview all

yvonne nelson’s cousin jason blasts iyanya for being disrespectful

Following the to and fro between the pair, a new tattoo has surfaced which gives a new dimension to what really may have panned out ... Full story

dad kills son for eating his gari

A 45-year-old farmer of Agona Obosomase in the Agona East District of the Central Region, Kwesi Appiah has beheaded his four-year-old son, Kofi Takyi, for ... Full story

helicopter chases nana addo dankwa akuffo addo

Unusual night helicopter movements in the general area of the residences of Nana Addo Dankwa Akufo-Addo near the Nima Police Station, and that of New ... Full story

nigerians upset with juliet ibrahim s comment

Ghanaian actress Juliet Ibrahim is caught in the middle of rising disquiet among showbiz followers in Nigeria following comments she passed on attempts to raize ... Full story

ghana, other african countries slam uk’s draconian policy

Several Ghanaians have slammed the United Kingdom’s “iron curtain” immigration policy that will require visitors to the country paying a whopping £3,000 (approximately GH¢9,000) cash ... Full story

policemen run for dear lives at ashiaman

A violent demonstration by drivers and a section of the youth of Ashaiman yesterday in protest against the poor conditions of roads in the municipality ... Full story

michael essien secretly weds his publicist akosua puni

There have been speculations for months now that Ghanaian footballer and Chelsea star Michael Essien is married to his publicist, Akosua Puni, a report they ... Full story

yvonne nelson breaks silence on romance and break up with iyanya, “i really really loved him”

We love the way her name rhymes, we love watching her act on our screens, we love to hear the interesting tales about her life ... Full story

ruth williams of tv3 i was raped twice

Ruth Williams, a former contestant of TV3′s singing reality competition, Mentor one has made a chilling confession that she had been raped twice and abused ... Full story

ghanaian artiste sarkodie in love

Ghanaian award-winning artiste Sarkodie has disclosed that there is one particular ‘fan’ who he has fallen in love with. The love life of the 2012 Black ... Full story

ghanian model afi antonio denies relationship with kofi adjorlolo

30-year-old photo model, Afi Antonio, has denied reports that she is in a relationship with ace actor Kofi Adjorlolo. The supposed relationship made headlines two weeks ... Full story

Comment on: government wants cocoa output sustained at 1m tonnes

Breaking News

Twins Become Dads SAME Day, SAME Hospital

Beaming Jeromme and Jarrell Spence are now fathers to boys after their partners gave birth on Monday, thus defying odds of 150,000-1 to both become ...

Indian Girl Dies After Being Set On Fire

A teenage girl has died in northern India one week after a gang of men set her on fire as punishment for resisting their attempts ...

Al-Shabab Denies Kenya Reprisal Over Bus Raid

Somalia's rebel group, al-Shabab, has denied claims by Kenyan authorities that more than 100 of their fighters, who allegedly masterminded an attack on a bus ...

Davido Splashes Over N15m On 22nd Birthday...

Nigeria’s multiple award winning pop star, Davido turned 22 years old on Friday, November 21, 2014, and to celebrate it, the singer went all out ...

Photos: GPRTU, Fidelity Bank And Latex Foam Join Campaign To Fight Filth

It appears the Ministry of Local Government and Rural Development’s decision to initiate a National Sanitation Day exercise, is gradually gaining currency as several companies ...

Actress Halle Berry Takes Ex-boyfriend To Court For 'Trying To Make Their Daughter Look White'

Hollywood actress Halle Berry has accused her ex-boyfriend Gabriel Aubry of trying to change the appearance of their daughter and make her look white.The Monster's ...

The Plight of Rented Children: Where Is Justice For These Children?

Children form the foundation of every country and its progress majorly depend on them since they become the youth and later the leaders of the ...

Ade Coker Is A Brand New Second Hand Girl

I am not a happy man today, I am sad because over weeks ago the unthinkable and unimaginable happened, an election that was to mark ...

Sixty Dead In Suicide Blasts In Nigeria

Two explosions at a crowded market in northeastern Nigeria have killed at least 60 people.The twin bomb blasts, thought to have been carried out by ...