Ghana, Cote D’Ivoire announce more cash for cocoa farmers

Ghana and Cote D’Ivoire have announced a US$400 per tonne (Living Income Differential) to be paid to cocoa farmers, as part of a set of measures they believe will further cushion cocoa farmers — having already agreed to a minimum price for a tonne of cocoa sometime last month.

A meeting in Accra between the two countries together with global processors and buyers for the beans had ended with a tentative price of US$2,600 being for a tonne of cocoa on the world market.

The two countries had a follow-up meeting in Abidjan with stakeholders to deliberate further on the challenges affecting the cocoa sector.

A statement issued after the meeting said, “Following series of engagement with key stakeholders, Cote D-Ivoire and Ghana have established a new pricing mechanism for the trading of cocoa beans which, we believe, would help provide a remunerative price for the Farmer.”

The Mechanism which was introduced to industry players was understood. This system takes into consideration a fixed living income differential which would provide farmers with a decent income.”

“A $400 per tonne (Living Income Differential) has been instituted to guarantee the floor price.” This means for every tonne of cocoa sold, there is an addition $400 that would go to the farmer.

Minimum price

Stakeholders in the cocoa value chain last month agreed to a proposal by Ghana and Cote d’Ivoire to set a minimum price of US$2,600 per tonne for the cash crop after a historic meeting in Accra,.

The two-day meeting held in Accra, which was called at the instance of the two countries, was attended by processors, traders, chocolate manufacturers among other organizations that play various roles in the cocoa industry.

When the minimum price becomes effective, the two countries will no longer sell cocoa beans on the world market below the US$2,600 floor price, thereby guaranteeing farmers a much higher price than currently prevails.


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    Looking for a job cheapest pharmacy dispensing fee toronto \"Our party should not be involved in setting up a systemthat encourages the slicing and dicing of candidates over a longperiod of time with moderators that are not in the business ofbeing at all concerned about the future of our party,\" Priebustold reporters this week.\n pharmasave drugs western ltd Ipsa brought the old failed regime of allowances to an end and introduced a robust and transparent system. We reimburse only valid expenses that are needed to help MPs carry out their parliamentary duties and which are within the rules and budgets.\n rx express marketing wilmington nc “During this week of strikes in Greece various categories of state employees are planning to demonstrate their opposition to government plans for a major restructuring in the civil service. But as the government voices its determination not to reverse course, this week’s demonstrations are only the beginning of bitter strife between the Greek state and its employees that is going to last for months to come,” says euronews’ Stamatis Giannisis in Athens.\n polygala tenuifolia dose Going home to be grandparents, watching their son Cooper’s children play on the same fields where Peyton and Eli and Cooper played, sometimes —according to Archie — with the same coaches their boys had once. “A new journey,” Archie Manning says. “And by the way on this grandparent deal? It’s even better than they tell you.”\n atorvastatin simvastatin potency \"We\'d like to be able to send high-resolution images and movies and 3D even from satellites that not only orbit the Earth but also from probes that will go to the moon and beyond. Communicating with radio waves has served us well for the last 50 years but we now have the technology to use light waves to communicate more data,\" he said.\n

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