{"id":2880,"date":"2014-02-28T10:15:27","date_gmt":"2014-02-28T10:15:27","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=2880"},"modified":"2014-02-28T10:15:27","modified_gmt":"2014-02-28T10:15:27","slug":"minority-demand-50-increase-in-producer-price-of-cocoa-for-farmers","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/02\/minority-demand-50-increase-in-producer-price-of-cocoa-for-farmers\/","title":{"rendered":"Minority demand 50% increase in producer price of cocoa for farmers"},"content":{"rendered":"
\"<\/a>

Some Ghanaian cocoa farmers at work<\/figcaption><\/figure>\n

The minority in parliament is demanding a 50% upward adjustment of producer price of cocoa for farmers.<\/p>\n

The producer price of cocoa for the 2013\/2014 crop season has been maintained at the old price per ton of 3, 392 Ghana cedis.<\/p>\n

According to the Producer Price Review Committee, the decision to maintain the producer price for this season was based on the consistent reduction in the world market price of the produce last year.<\/p>\n

Addressing the press the minority spokesperson on agriculture and cocoa affairs Dr. Afriyie Akoto said the increase is necessary because of the increasing cost of living and rising inflation.<\/p>\n

\u201cThere is an urgent need for a substantial increase in the price paid to our cocoa farmers.\u201d He said.<\/p>\n

It is the policy of Government<\/em> to pay cocoa<\/em> <\/em>farmers<\/em> at least 70<\/em>% of the projected, <\/em>free<\/em> <\/em>on<\/em> <\/em>Board<\/em> (FOB<\/em>) price<\/em> to the farmer.<\/p>\n

\u00a0<\/i>He says the smuggling of cocoa from the country to neighbouring Cote d\u2019ivoire and Togo has reached alarming proportions because of the unattractive producer price.<\/p>\n

\u201cThe reduced price incentives and the withdrawal of subsidized fertilizers under the high-tech and pesticides under the mass spraying is having a negative impact on cocoa production and encouraging the mass smuggling of cocoa\u201d Dr. Akoto explained.<\/p>\n

According to reports from the border areas the 64 kilogram bag of cocoa is selling at 240 Ghana cedis whiles the same in Ghana is 212 Ghana cedis.<\/p>\n

Dr. Akoto said the continuous depreciation of the cedis will still encourage more smuggling of cocoa to neighbouring countries.<\/p>\n

Cocoa production for the past three years has witnessed gradual decline from about 900 thousand metric tons to a little over 700 thousand metric tons.<\/p>\n

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Rabiu Alhassan\/citifmonline.com\/Ghana<\/p>\n

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The minority in parliament is demanding a 50% upward adjustment of producer price of cocoa for farmers. The producer price of cocoa for the 2013\/2014 crop season has been maintained at the old price per ton of 3, 392 Ghana cedis. According to the Producer Price Review Committee, the decision to maintain the producer price […]<\/p>\n","protected":false},"author":14,"featured_media":2882,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[38,21],"yoast_head":"\nMinority demand 50% increase in producer price of cocoa for farmers - Citi 97.3 FM - Relevant Radio. 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