Produce Buying Purchases 274,000 Tons of Ghana Cocoa

Produce Buying Co. purchased 274,000 metric tons of cocoa in the 23-week period to March 22, said the Accra, Ghana-based company, the country’s biggest buyer of beans from farmers.

The purchases represented about 36 percent of the national figure, Kojo Atta-Krah, the company’s managing director, said today in an interview in the capital, Accra.

Weekly purchases “are still low, we’ve consistently been buying around a thousand tons in the last three weeks,” he said. “Things are changing on the field so we know volumes will improve from April.”

Ghana is the second-biggest cocoa producer after neighboring Ivory Coast. The country’s 33-week main crop marketing season began Oct. 14.

To contact reporter on this story: Ekow Dontoh in Accra at +233-302-258-797 or edontoh@bloomberg.net.

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