Mr Jacob Takyi, the 2022 Dormaa Central Municipal Best Farmer, has appealed to the government to address cashew price fluctuations and disparities in the local market to protect farmers’ interest and guarantee them sustainable livelihoods.
According to Mr Takyi, a government-guaranteed price for the commodity would ensure the industry’s sustainability in the area and contribute positively to the country’s socio-economic development.
Mr Takyi suggested the establishment of cashew depots and buying centres across the Municipality to check and prevent individual private buyers from controlling prices of the cash crop to the detriment of the farmers.
The Municipal Bet Farmer explained that the establishment of a depot would help stabilise cashew prices on the market, which keep changing between GhC4.50p and GhC6.00 per kilogramme, depending on its qualit.
“When the price was at GhC10.00 per kilogramme, the business was profitable. We could pay labourers and other workers who assisted us on our farms. Unlike today, we harvest more bags but the most worrying aspect is that the price per kilogramme is low at GhC4.00. This is adversely affecting production. We use all the little profit we make to pay labourers and thus are left with nothing.”
Mr Jacob Takyi
Mr Takyi stated that the government’s failure to establish government-controlled buying centres to guide the purchases of the cash crop at a fixed price was long overdue because the situation had given room for individuals to dictate the pricing at the expense of the farmers. “The prices keep on changing yearly and some buyers purchase from farmers on a credit basis,” he indicated.
Mr Takyi bemoaned the challenges of cashew farmers and the impacts on the industry at Antwirifo, near Dormaa-Ahenkro in the Dormaa Central Municipality of the Bono Region.
Mr Takyi disclosed that the farmers planned to form an association to serve as a mouthpiece that would advance their interest.
Historical Prices of Cashew
Before 2019, a kilo of cashew nuts was going for US$1.34 in 2017 and US$1.63 in 2018. In 2019 the export price changed to $0.87 per kilo, by -46.474%. Some of the best performing markets in 2019 for Ghana cashew nuts per kg were fetched from exports to Denmark, France, Guatemala, United Kingdom (UK) and US.
The total values in export for cashew nuts in Ghana were US$ 987,423, US$ 296,338, US$ 457,701 and US$ 243,149 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
The total values in export for cashew nuts in Ghana were US$ 987,423, US$ 296,338, US$ 457,701 and US$ 243,149 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
In 2023, the approximate price range for Ghana Cashew Nuts (wholesale) is between US$ 0.87 and US$ 1.63 per kilogram or between US$ 0.39 and US$ 0.74 per pound(lb).
The price in Ghana Cedi is GHS 5.05 per kg. The average price for a tonne is US$ 871.61 in Kumasi and Accra.
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