Forum Activity for @Laurent

What Price, Cocoa?

Posted in: Opinion

They are, I was still there two months ago. The farmer price is set by the Ghana Cocoa Board for the season and buyers stick to it as they are guaranteed a margin by the government (which buys cocoa from them at a higher fixed price): the more they buy, the more money they make. As a result they'll compete for volumes rather than pay low prices to farmers!

What Price, Cocoa?

Posted in: Opinion

Actually it's pretty much the same as last year, the farmer price "increased" from 3,200 to 3,280 GHC per tonne, which is just above 2,100 USD. That's pretty much 75% of the international market price, but bear in mind that (1) Ghana cocoa sells at a slight premium and (2) high inflation will erode the real farmer price pretty fast (those 3,280 GHC today are already worth 5% less than 3,200 GHC twelve months ago)!