24.6 C
Accra
Friday, July 5, 2024
BusinessNew price for Cashew to be announced in December

Date:

New price for Cashew to be announced in December

spot_img

Chief Executive Officer for Tree Crop Development Authority (TCDA), Williams Quaitoo, has said the minimum fixed price for cashew in the 2021-2022 season will be announced by the agriculture ministry in December this year.

According to him, all key and important factors needed to be considered in arriving at a very good price for the cashew farmers have been defined by experts, hence, the announcement of the cashew price next month will add value to cashew.

- Advertisement -

“Every parameter that is important in arriving at the price for a Kilo of cashew has been determined,” he said at the annual conference and inauguration ceremony of the Cashew Traders and Exporters Association Ghana in Sunyani, capital of the Bono Region.

Mr. Quaitoo advised the cashew farmers to dry their cashew nut to achieve the moisture content of 10% or below, before selling it to buyers, stating that buyers do not show interest in cashew nuts that are not properly dried.

- Advertisement -

Meanwhile, the Member of Parliament for Jaman North constituency, Frederick Yaw Ahenkwah has pleaded with the government to pay critical attention to cashew production as well as cashew growing areas to facilitate cashew production.

Highlighting some key challenges that affect the pricing of cashew, Mr. Ahenkwah attributed it to the deplorable state of roads in Cashew growing areas stating that “sometimes, these businessmen will come and buy the cashew, hauling it to Accra but you will see the vehicle toppled over just in the middle of the road. This makes the buyer incur losses.”

- Advertisement -

The Omanhene of Dwenem Traditional Council, Nana Bofobene IV expressed his gratitude for the authority and praised them for the initiatives being put in place for the betterment of cashew production. He also pleaded with the authority not to politicize the pricing of cashew this time of the season because farmers are hungry for a fixed price of cashew production.

Source: thebftonline.com

Latest stories

Flashback: Joy FM suspends Kojo Yankson for calling Mahama an ‘armed robber’

Eight years ago, it was reported that Accra-based Joy...

Atta Mills’ family to use Asomdwe Park for commemorative rites on July 24

The Government has approved a request by the Odumna...

Bawumia and NAPO make a very good pair – Akufo-Addo

President Akufo-Addo has expressed his complete support for the...

GIPC CEO justifies decision to scrap capital requirements for foreign businesses

Chief Executive of the Ghana Investment Promotion Centre (GIPC),Yofi...

Emi Martinez shines as Argentina advances to Copa America semi-finals

Aston Villa goalkeeper Emi Martinez emerged as the hero...

I am Bawumia’s running mate because God wants me to – NAPO

Energy Minister, Dr. Matthew Opoku Prempeh has attributed his...

Related stories

GIPC CEO justifies decision to scrap capital requirements for foreign businesses

Chief Executive of the Ghana Investment Promotion Centre (GIPC),Yofi...

Labour Bank: TUC to set-up bank to support its members

Trade Union Congress (TUC) has announced its intention to...

Implement sustainable revenue measures to restore macroeconomic stability – Gov’t told

Policymakers and academics have emphasized the urgent need for...

Ghana’s exports to EU countries surged 200 million euros in 2023

Ghana's trade with the European Union (EU) showed promising...

The term of BoG Governor must overlap that of the President to ensure continuity – IEA

The Institute of Economic Affairs (IEA) is urging substantial...

Ghana is rapidly leading in adoption of cryptocurrency – Report

The largest cryptocurrency exchange platform globally, Binance, published findings...

Key structural reforms improving Ghana’s economy – Abena Osei-Asare

Minister of State at the Finance Ministry, Abena Osei-Asare,...