Ghana Plans to Seek $200 Premium for EUDR-Compliant Cocoa
A farmer attends to cocoa beans drying on a rack at a farm in Kwabeng, Ghana.
Photographer: Paul Ninson/BloombergGhana will seek a $200-a-ton premium from buyers for sustainably grown and traceable cocoa as the world’s second-largest producer prepares for the European Union’s deforestation regulations.
“Sustainably produced and traceable beans come at a cost, and must be paid for,” said Barnett Quaicoo, deputy managing director at the Cocoa Marketing Company, the sales unit of industry regulator Cocobod. “Ghana is ready for the EUDR requirement.”