COCOBOD raises Producer Price of Cocoa to GH¢42,400 per tonne for 2026/2027 Season
New rate of GH¢2,650 per 64kg bag takes effect immediately, representing 71.18% of gross FOB value
The Ghana Cocoa Board (COCOBOD) has raised the price paid to cocoa producers for the 2026/2027 season, elevating it from GH¢41,392 to GH¢42,400 per tonne. Dr. Randy Abbey, the CEO of COCOBOD, announced this increase during the opening proceedings of the new cocoa season. The price hike marks an addition of GH¢1,008 per tonne, which is roughly a 2.4 percent rise compared to the previous producer price.
The new producer price signifies 71.18 percent of the realized Free-On-Board (FOB) value, which is projected to be US$2,650 per tonne for the 2026/2027 season. This adjustment reflects the government's dedication to ensuring that cocoa farmers receive a substantial portion of the value generated from their crops. The revision occurs as the cocoa industry undergoes reforms designed to enhance COCOBOD's financial sustainability while safeguarding the incomes of cocoa farmers.
The new pricing framework is a result of the Ghana Cocoa Board Act, 2026, which establishes an automatic adjustment mechanism tied to international cocoa prices, exchange rates, and other pertinent factors, while assuring farmers a minimum of 70 percent of the gross FOB price. Additionally, COCOBOD is actively developing a novel financing framework for cocoa acquisitions, aiming to lessen the sector's dependence on conventional international syndicated loans and boost involvement from local investors.
The 2026/2027 season commences amidst substantial shifts in cocoa financing, pricing, and governance, with the new producer price poised to influence purchasing agreements and farmer earnings in the forthcoming season.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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