Bloomberg News

Ghana May Increase Producer Price for Cocoa Farmers, Mills Says

October 01, 2011

Oct. 1 (Bloomberg) -- Ghana, the world’s second-largest cocoa producer may increase the producer price for the nation’s farmers, said President John Atta Mills.

“We have heard the calls from the farmers for further increases in producer price,” Mills said, without giving details. “We will consider it.”

Mills was addressing farmers today at the Cocoa Producers’ Alliance’s Cocoa Day celebration in Kumasi, the nation’s second- largest city, about 270 kilometers (168 miles) north of the capital, Accra.

Ghana will promote local consumption of the beans, seeking to double per capita to 1 kilogram (2.2 pounds) from 0.5 kilograms, said Anthony Fofie, chief executive officer of the Ghana cocoa board. “We can’t try to control the price on the world market.”

--Editor: Torrey Clark

-0- Oct/01/2011 17:30 GMT

-0- Oct/01/2011 17:32 GMT

To contact the reporter on this story: Ekow Dontoh in Johannesburg at edontoh@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net -0- Oct/01/2011 17:05 GMT


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