COCOBOD increases cocoa producer price to GH¢42,400 for 2026/27 season
The new price represents an increase of GH¢1,008 per tonne over the previous producer price, equivalent to an increase of about 2.4 percent.
The Ghana Cocoa Board (COCOBOD) has raised the cocoa producer price for the 2026/2027 season to GH¢42,400 per tonne, an increase from the previous price of GH¢41,392 per tonne. Dr. Randy Abbey, the Chief Executive of COCOBOD, announced the new price during the opening of the new cocoa season. The price increase amounts to GH¢1,008 per tonne, which is approximately a 2.4 percent rise.
The new producer price accounts for 71.18 percent of the realised Free-On-Board (FOB) price, which is set at US$2,650 per tonne for the 2026/2027 season. This adjustment reflects the government's dedication to ensuring cocoa farmers receive a substantial portion of the value generated from their produce. The pricing changes come amidst ongoing reforms within the cocoa sector aimed at enhancing the financial sustainability of COCOBOD while safeguarding the incomes of cocoa farmers.
These modifications follow the enactment of the Ghana Cocoa Board Act, 2026, which establishes an automatic adjustment mechanism based on international cocoa prices, exchange rates, and other pertinent factors, while ensuring farmers receive at least 70 percent of the gross FOB price.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
