Cocoa producer price to remain same at Gh¢475 per bag of 61.5kg

The government is to maintain the producer price of cocoa at GH¢475 per bag of 61.5 kilogrammes for the 2017/2018 cocoa season, in spite of the fall in the price of the commodity on the international market.

This is expected to bring some relief to cocoa farmers, who are largely anticipating a slight decline in the producer price as a result of the persistent drop in the price of cocoa on the international market.

The price of the commodity on the world market is presently at an average price of $2,010 per tonne.

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