CashewInformation.com

CashewInformation
News

Home   >   NEWS & VIEWS   >   News

  • Bono Regional Minister-designate promises a better cashew pricing regime 03/04/2021

    Mar 4th, 2021

    <p>She explained that the current poor pricing regime negatively impacts farmers and production.</p> <p>The Bono Region is noted for growing cashew and some farmers within the catchment areas have called on the government to expedite action in establishing a crop development authority.</p> <p>This they believe will among other things curtail the activities of middlemen whose activities are a disincentive to the farmers.</p> <p>Madam Owusu-Banahene however believes advocating for a pricing regime will bring back the interest of many cashew farmers.</p> <p>The problem with cashew now is the pricing is not static, unlike cocoa which has COCOBOD and has a static price. When you look at cashew, the buyers from left and right enter and area and just buy the cashew as they want.&rdquo;</p> <p>&ldquo;Therefore, it is affecting the farmers and people&#39;s interest in the cashew production is reducing,&rdquo; she said.</p> <p>In 2020, Cashew was Ghana&#39;s leading non-traditional export.</p> <p>According to the Ghana Export Promotions Authority, cashew fetched the country US$981 million in 2018.</p> <p>The buying season for cashew starts in January every year.</p> <p>The Jaman North District of the Bono Region is the hub of cashew cultivation in the country, with over 20,000 farmers.</p> <p>In 2020, farmers pegged their prices at 8 cedis per 1 Kilogram of cashew leading to disagreements with buyers.</p>


    Source: https://www.modernghana.com/
Top