What is the current price of cocoa beans?

Cocoa Bean Price is at a current level of 2405.87, down from 2573.73 last month and up from 2359.24 one year ago. This is a change of -6.52% from last month and 1.98% from one year ago.

How much is 1 kg of cocoa beans?

In 2020, the average price for cocoa stood at 2.37 nominal U.S. dollars per kilogram.

What is the current price of cocoa per ton?

Basic Info. Cocoa Price is at a current level of 2.367, down from 2.455 last month and down from 2.413 one year ago. This is a change of -3.61% from last month and -1.92% from one year ago.

What is the current price of cocoa in Ghana?

Gh¢660
Government has announced Gh¢660 as farm-gate price for a bag of 64kg of cocoa for the 2021/2022 crop season. The announcement was made at a news conference in Accra by Hon.

How many kg is a cocoa bag?

According to him, the licensed depots do not comply with the rules set by COCOBOD. They weigh a bag of cocoa at 67 kilos instead of 64 kilos. This compels them to weigh what the farmer brings to their sheds at 70 kilograms.

What is cocoa price now in Nigeria?

1 Tonne of cocoa at Idanre, Ondo State: ₦740,000 – ₦760,000. 1 Tonne of cocoa at Ore, Ondo State: ₦730,000 – ₦750,000. 1 Tonne of cocoa at Ife Central, Osun State: ₦730,000 – ₦750,000. 1 Tonne of cocoa at Akoko Edo, Edo State: ₦730,000 – ₦760,000.

How are the prices set for cocoa?

Limited Cocoa Supply Means Higher Chocolate Prices The prices of these commodities are driven, for the most part, by the commodities market, which sets the price based on supply and demand levels and can result in varying levels of volatility on commodity prices. Overall, the greatest price factor is the cost of cocoa.

How much do cocoa farmers get paid?

The study, published today by Fairtrade and available here, found that the average annual Ivorian cocoa farmer household income grew from $2,670 USD in 2016/17 to $4,937 USD in 2020/21, an increase of 85% driven, in part, by increased revenue from cocoa sales and diversification through in-kind and off-farm incomes.

How much is cocoa per kilo in Nigeria?

The current market price of cocoa is 40,000 Nigerian naira per metric ton. A metric ton is 2750 kilograms and there are 30,000 grams in one kilogram.

How much is a bag of cocoa in Ghana 2020?

Ghana maintains Cocoa Producer Price at ¢660 per bag for 2021/2022 season. Government has maintained the Cocoa Producer Price of ¢10,560 per metric ton for the new cocoa crop season which takes effect from October 8 2021.

How much is 1kg cocoa in Ghana?

Ghana cocoa beans wholesale price The price in Ghana Cedi is GHS 16.68 per kg.

How is the price of cocoa determined?

The price of cocoa is set in the commodities market, which is driven by supply and demand. Within this market, cocoa, like soy, sugar and cotton, is classified as a ‘soft commodity’, meaning it is cultivated, not mined or extracted from the Earth.