U.S. cocoa futures have rallied more than 30 percent in 2018 so far, sharply outperforming other core U.S. commodities on signs of improving demand and forecasts for a smaller global surplus. Benchmark ICE Futures U.S. New York cocoa futures have rallied around 34 percent since the end of 2017 to...
Mr. Randy Boitey, the Eastern Regional Cocoa Extension Service Officer has said 400,000 hectares of cocoa farms are to be irrigated, this year, under a pilot project, launched by the government to boost cocoa production. The programme to begin with the 27 cocoa centres across the nation and some selected...
The regulator of cocoa sector in Ghana, Cocoa Board (COCOBOD), is to undertake a rehabilitation of cocoa farms in the country. According to Cocobod, all cocoa trees over 30 years on about 50,000 hectares of cocoa farms would be destroyed and replanted at no cost to the farmer while owners...
Cocoa remains Ghana`s most important export crop representing nearly 40 percent of total exports. Due to its significant foreign exchange earnings, the Government of Ghana has set up the Ghana Cocoa Board under the Ministry of Finance and Economic Planning to regulate the sector with the hope of ensuring...
Thebftonline.com can confirm that barring any last minute decision from the government, cocoa farmers will have to purchase fertilizer for their cocoa farms beginning this 2017/2018 crop season. This new policy direction is contained in a seven-page document seeking reforms of the cocoa sector aimed at increasing productivity and the...
As part of efforts to increase cocoa productivity to over one million metric tonnes, the Ghana Cocoa Board (COCOBOD) has commenced a hand-pollination exercise across all production areas for the 2019/2020 season. COCOBOD has therefore increased recruited and trained youth for the human-induced cross-fertilisation programme from 20,000 in the previous...
Samuel has been a cocoa farmer for 12 years. Since the end of the Akuafo cheque system, he had always been paid in cash for his cocoa, until last season. That was when the licensed buying company (LBC) that he sells to introduced a new system for purchasing cocoa....
Physical interactions are less desired as cases of the COVID-19 pandemic surge in many countries. This has the potential to limit farmers' access to inputs and extension support services, which play a major role in enhancing farm-level productivity and improve farmers’ incomes and livelihoods.  Under the Next Generation Cocoa...
The use of child labour on cocoa farms in top producers Ivory Coast and Ghana has risen over the past decade despite industry promises to reduce it, according to a draft of a U.S. government-sponsored report seen by Reuters. More than 2 million children worked in the sector last season...
In a ceremony that complied with COVID-19 official meeting and social distancing guidelines, COCOBOD, Japan International Cooperation Agency, JICA, and other Development Finance Institutions have announced a US$600million credit facility for COCOBOD’s Productivity Enhancement Programmes (PEPs). In November 2019, Development Finance Institutions (DFIs) including the African Development Bank (AfDB), Japan...

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