Ghana: Cashew minimum price announced
A release signed by the Executive Secretary of the Ghana Cashew Industry Association, Ms Yayra Amedzro and issued in Accra, said the decision was reached when the stakeholder representatives dubbed the “Pricing Committee” met earlier this month at Techiman.
In 2014 the Ghana Cashew Industry stakeholders called for a committee to set prices for the sector with the Ministry of Food and Agriculture as the facilitator.
The committee was thus set up comprising farmers/producers, processors, traders/buyers and exporters with the objective to come out with a price that would be beneficial to all stakeholders and allow processors to compete for raw cashew nuts.
The release said “This call stemmed from the fact that the RCN market in Ghana is still very much unregulated and different players offer different prices thus creating an uncompetitive market for, particularly, the local processors, and some times the farmers”.
It said the buyers at the meeting urged producers to ensure that only well sun-dried nuts are produced for sale in order to prevent excessive weight loss by the time of export or processing.
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