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Ghana risks losing cocoa sector: COCOBOD accumulates losses, Non-producing countries start production

Still On Soludo s Home-grown Economic Trajectory And The Vital Lessons For The African Continent

Still On Soludo s Home-grown Economic Trajectory And The Vital Lessons For The African Continent
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China exporting cocoa is a cause for concern – COCOBOD

The Ghana COCOBOD says China’s recent export of cocoa raises some concerns for the future of the sector in Ghana. The Asian country is reported to have exported to Belgium its first batch of cocoa beans weighing 500 kg worth about $3,600. In an interview with  Citi Business News, the Public Affairs Manager of COCOBOD, Fiifi Boafo, indicated that “It’s been of concern, a concern in the sense that generally the cocoa market has been saturated and consumption does not seem to be growing as fast as production of cocoa so any new addition in terms of production is a matter of concern because higher production without commensurate consumption will force the price of cocoa downwards.”

China s Cocoa Export: COCOBOD, Mofa Assess Impact

  The Ghana Cocoa Board (COCOBOD) is assessing the potential impact of the export of cocoa beans by China on the local cocoa industry. Relatedly, the Ministry of Food and Agriculture (MoFA) has intimated that China’s entry into the production and export of cocoa beans must not in any way hurt Ghana’s industry. The two entities were sharing their thoughts on the potential impact of China’s export of cocoa beans to the global market. China exports The Chinese Academy of Tropical Agricultural Sciences (CATAS) recently reported that South China s island province of Hainan had exported cocoa beans to Belgium for the first time.

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