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Apr 18, 2011

Cocoa purchases increases

The Ghana Cocoa Board (Cocobod) has announced that Ghana’s cocoa output has increased by 45 percent over that of last year.

According to Cocobod, declared purchases by private cocoa buyers reached 753,945 tonnes by March 31 since the start of the season in October as compared to 518,304 tonnes registered in the same period last year.

 Cocobod, however, is targeting a record output of 850,000 tonnes of cocoa this crop year and is seeking to increase production further to one million tonnes by the 2012-13 season, through enhanced farm husbandry, fertiliser application and farmer incentives.

 It added further that, it will soon start offering ‘hi-tech’ fertilizers to cocoa farmers for half price beginning in May, this year, in a move aimed at improving yields.

Source: ISD