Ghanaians Panic As China Begins Exporting Cocoa Beans

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Ghanaians Panic As China Begins Exporting Cocoa Beans

The Asian country is reported to have exported to Belgium its first batch of cocoa beans weighing 500 kg worth about $3,600.

A researcher with the Chinese Academy of Tropical Agricultural Sciences said “Cocoa is a raw material for making chocolate. With the increasing demand for chocolates, Hainan has been expanding its cocoa planting area and making breakthroughs in technological development.

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“As Belgium is dubbed ‘kingdom of chocolates,’ exports to the country indicate that our cocoa production standards have been recognized by the international community.

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The Ghana COCOBOD, however, said China’s recent export of cocoa raises some concerns for the future of the sector in Ghana.

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But there are concerns about the impact of the price of cocoa beans on the world market if there is no increase in production and consumption.

Some Ghanaians reacted after hearing the news of China exporting cocoa beans.

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An industrialist and economist, Tony Oteng-Gyasi, has called for urgent investigations into how China earned a better price for its first consignment of cocoa export than what Ghana received for its premium cocoa beans.

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