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Ghana raises cocoa farmgate price for 2026-27 season
Ghana will pay farmers 42,400 cedis a ton for the new harvest starting Friday, up 2.4% from the rate paid since February.
Ghana has increased the price paid to cocoa farmers for the 2026-27 season, moving higher as cocoa futures rebounded, according to LiveMint Markets. The change diverges from neighboring Ivory Coast, which left its farmgate price unchanged earlier this month.
Ghana said cocoa growers will receive 42,400 cedis per ton for the new harvest that begins on Friday, an increase of 2.4% from 41,392 cedis per ton paid since February, the outlet reported. LiveMint Markets also noted the new rate is meant to ensure farmers receive at least 70% of the free-on-board export cost, which Ghana said effectively sets a floor for producer prices.
The outlet said the revision also pushes Ghana’s producer price above Ivory Coast’s current level of $2,084 a ton. LiveMint Markets added that the wider gap could encourage farmers in Ivory Coast, the world’s top producer, to smuggle beans into nearby countries, potentially disrupting cocoa supply and sustaining an upward price trend.
Latest closeCocoa $5,603.00 ▲0.2%