News
02/17/2026
Minority Leader Demands Restoration of Cocoa Price, Cites Legal and Contractual Obligations The Minority Leader of P...
Minority Leader Demands Restoration of Cocoa Price, Cites Legal and Contractual Obligations The Minority Leader of Parliament, Osahen Alexander Afenyo-Markin, has demanded that the government immediately restore the producer price of cocoa, citing legal and contractual obligations. Speaking in Parliament, Mr Afenyo-Markin emphasized that the cocoa sector calendar runs from October 1 to September 30, and the government cannot vary the minimum guaranteed price to the disadvantage of cocoa farmers or other stakeholders. "The minimum guaranteed price is legally destined to run the full cost of the 2025-2026 crop season," Afenyo-Markin stated. He explained that the Producer Price Review Committee determines the producer price and FOB share for stakeholders, based on the achieved weighted average of aggregated volumes and prices of cocoa already traded and contracted. Afenyo-Markin noted that the Finance Minister had announced an FOB price of $7,200 per ton in October 2025, with a prod