COCOBOD raises cocoa producer price to GH¢42,400 for 2026/27 season
By Nana Karikari, Senior Global Affairs Correspondent The Ghana Cocoa Board has officially adjusted the producer price of cocoa for the 2026/2027 crop season. The new rate moves from GH¢41,392 up to GH¢42,400 per tonne. Chief Executive of COCOBOD, Dr. Randy Abbey, announced the new producer price as part of the opening arrangements for the […]
The Ghana Cocoa Board has announced a new producer price of GH¢42,400 per tonne for the 2026/2027 cocoa season, an increase of GH¢1,008 per tonne or approximately 2.4 percent from the previous price of GH¢41,392. This adjustment, led by Dr. Randy Abbey, Chief Executive of COCOBOD, also sets the realized Free-On-Board (FOB) price at US$2,650 per tonne for the season.
Dr. Abbey emphasized that the new price represents 71.18 percent of the FOB value, signifying the government's dedication to ensuring cocoa farmers receive a substantial portion of the value from their produce. The pricing changes stem from recent legislative reforms under 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.
Additionally, COCOBOD is modifying its financing strategies for cocoa purchases, seeking to lessen reliance on conventional international syndicated loans and increase domestic investment participation through the proposed Cocoa Notes Programme. The sector's reforms aim to bolster financial sustainability while protecting cocoa farmers' incomes.
These adjustments herald a new chapter in cocoa trade dynamics, price-setting, and sector management as the 2026/2027 season commences.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
