How much is 1 kilo of cocoa in dollars?
Export prices of Cocoa Bean in Nigeria In 2023, export prices were between $24. USD per kg and $24. USD per kg. Following extensive consultations with stakeholders, Government has decided to increase the producer price of cocoa to GHS3,625 per bag or GHS58,000 per tonne.The average household income of the 102 households is $3,132 for the cocoa season of 2021-2022. This indicates that farmers are earning on average 45% of the living income benchmark, which is set at $6,904 per year.The government has announced an upward adjustment of the producer price of cocoa, offering a reprieve to farmers for the 2025/26 season. The new price has been set at GH₵3,625 per bag, equivalent to GH₵58,000 per tonne, effective Friday, October 3, 2025.Cocoa farming is highly profitable due to the growing demand for chocolate and other cocoa products. The profitability depends on factors like yield per hectare, market price, and cost of production. Average Yield: 400-600kg per hectare per year. Price per Kg: ₦13000 – ₦15000 (as of 2024).
How much is 64 kilos of cocoa in Ghana?
Cocoa New price GHS3,228. Ton of cocoa = 1,000kg NOTE: Ton is a unit of measuring weight of any goods not only cocoa.There are 16 bags of cocoa in a tonne, and 240 bags of cocoa in every full 20ft container.
How much is 1 ton of cocoa?
The Gross FOB value was arrived at using outstanding cocoa contracts of about 100,000 tonnes sold at US$2,600 per tonne in the 2023/2024 crop season, and average forecast for the 2025/2026 crop season. As of 27 May 2025, cocoa was priced at around US$9,770. Figure 1). Cocoa farmers in Papua New Guinea are cashing in, as cocoa export revenues continue to reach record highs. So far in 2025, PNG has already earned PGK1.cocoa prices have soared in recent years, hitting record highs amid adverse weather conditions, pest outbreaks and supply tightness in west africa, which produces around three-quarters of global supply.The government has announced an upward adjustment of the producer price of cocoa, offering a reprieve to farmers for the 2025/26 season. The new price has been set at GH₵3,625 per bag, equivalent to GH₵58,000 per tonne, effective Friday, October 3, 2025.J. P. Morgan (strategist commentary) J. P. Morgan expects cocoa to remain structurally elevated at around $6,000/t into 2026, with improving supply offset by persistent productivity challenges in Ivory Coast and Ghana (CNBC, 22 August 2025).
What is the prediction for cocoa prices?
Cocoa price prediction: Technical overview US Cocoa (CCc1) trades at $7,398. UTC, below its 20/50/100/200-DMAs at ~7,796 / 8,038 / 8,700 / 9,233. RSI(14) is 42, signalling neutral momentum. The nearest resistance is at 8,529; a daily close above could bring 9,348 into view. The price of a 64-kilogramme bag of cocoa has been increased by GH₵128. GH₵3,100 to GH₵3,228.Historically, Cocoa reached an all time high of 12906. December of 2024. Cocoa – data, forecasts, historical chart – was last updated on October 19 of 2025.
Which country is the biggest producer of cocoa beans in the world?
Côte d’Ivoire (the Ivory Coast) is the largest producer of cocoa in the world, producing over 2 million tons a year. About 75 percent of the land in Côte d’Ivoire is suitable for growing crops, and almost half of its citizens work in agriculture, including many children. Ivory Coast overtook Ghana as the world’s leading producer of cocoa beans in 1978, and is today highly dependent on the crop, which accounts for 40% of national export income.Exports. In 2023, Cote d’Ivoire exported $3. B of Cocoa Beans, making it the largest exporter of Cocoa Beans (out of 134) in the world.Poor West African Harvests (Climate Change Impacts) 70% of global cocoa comes from West Africa — especially Côte d’Ivoire and Ghana. Extreme weather patterns (heavy rains, droughts, heatwaves) have slashed crop yields.Ghana is the world’s second-largest cocoa-producing country (Côte d’Ivoire is the largest). Cocoa Life has been active in Ghana since 2008, when it began as the Cadbury Cocoa Partnership.
How much is a kilogram of cocoa in Uganda?
The retail price range in Uganda Shilling for cocoa beans is between UGX 7,918. UGX 32,991. UGX 3,590. UGX 14,962. Kampala and Jinja. The retail price range in Naira for cocoa beans is between NGN 547. NGN 2,721. NGN 248. NGN 1,234. Abuja and Lagos.Increase in the Producer Price of cocoa from GHs 48,000. GHs 3,000. GHs 49,600. GHs 3,100 per bag of 64kg). This new increase, which took effect on Friday, 8 November 2024, aims to support Ghanaian cocoa farmers by offering an improved income.ACCRA (Reuters) – Ghana’s Finance Minister said on Friday the West African nation has fixed the price it purchases cocoa from producers at 3,280 cedis per tonne in the 2011/2012 cocoa season compared with 3,200 cedis per tonne in the previous season.
What is the price of cocoa in Cote d Ivoire 2025?
After Ghana announced new rates in August, Côte d’Ivoire, the world’s top producer, will launch its 2025/26 cocoa marketing season in October. Sources at the Coffee-Cocoa Council (CCC) told Reuters that the government will set the farm-gate price at CFA 2,500 ($4. Cassiel Ato Forson, announced a revised producer price for cocoa, marking a significant effort to reward Ghanaian cocoa farmers amid evolving global market dynamics. For the 2025/26 Crop Season, the producer price has been set at US$5,040 per tonne, up from US$3,100 per tonne in the 2024/25 season.