date:May 30, 2014
guaranteed at least 60% of the international price. That compares with 40% to 50%, and sometimes as low as 20 percent, before the reforms, according to George of Ecobank. Ghanaian farmers didnt get the same raise. The country kept the producer price at 3,392 cedis ($1,134) a ton.
Too Low
Cocoa prices have been too low for too long and today the farmer in Ivory Coast, Ghana or Indonesia is facing other alternatives like palm oil or rubber, said Thouvenel of Sucden. Prices will have to trade hig