TCDA Announces New Minimum Producer Prices for Mango and Cashew Seasons in 2024/2025

The Tree Crops Development Authority (TCDA), under Ghana’s Ministry of Food and Agriculture (MoFA), has officially announced the minimum producer prices for the 2024 second mango season and the 2025 cashew season. These updated prices aim to ensure fair compensation for farmers while boosting the nation’s agricultural growth.

Pricing Breakdown

During a press briefing in Accra on December 16, 2024, TCDA’s Chief Executive Officer, William Agyapong Quaittoo, outlined the pricing details:

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2024 Mango Season (November 2024 - February 2025):

• Minimum price for second-grade mangoes: GH₵ 5.00 per kilogram.
• Producers with first-grade mangoes can negotiate higher prices.
• Mangoes falling below second-grade quality will not be accepted within the industry.

2025 Cashew Season:

• Minimum price set at GH₵ 15.00 per kilogram.
• The price model, established in 2021, considers factors like global cashew nut prices, exchange rates, and moisture content.

These pricing frameworks follow a “Cost Plus Margin” approach to ensure farmers are adequately compensated for production and post-harvest expenses. Adjustments will be made if economic conditions change.

Read also: Brodi: The Largest Producer of Cashews in Ghana.

TCDA’s Efforts to Transform the Industry

William Agyapong Quaittoo highlighted TCDA’s significant strides since its establishment under Act 1010 in 2020. Key achievements include:

• Diversifying Agriculture: Promoting tree crops like cashew, mango, oil palm, rubber, coconut, and shea.
• Seedling Distribution: Providing 5.5 million elite seedlings to farmers.
• Strategic Framework: Launching a five-year development plan (2022-2027).
• Digital Traceability: Developing systems to improve supply chain transparency.
• Regulations and Licensing: Introducing licensing for aggregators and processors to enhance international competitiveness.

Quaittoo emphasized TCDA’s ongoing collaboration with the World Bank on diversification projects, which are vital for ensuring sustainable growth and economic resilience.

“The Tree Crops Development Authority has been instrumental in diversifying Ghana’s agriculture and unlocking the potential of tree crops to drive economic growth,” Quaittoo said. “Our commitment to supporting farmers and stakeholders remains steadfast as we aim for a sustainable and profitable future in this sector.”

Supporting Farmers and the Economy

The new prices reflect TCDA’s dedication to empowering farmers and creating a thriving agricultural sector. For cashew producers, the updated GH₵ 15.00/kg price aligns with international trends, ensuring Ghana’s competitiveness on the global market.

Similarly, the mango pricing strategy provides a fair return for producers while maintaining product quality standards.

Looking Ahead

With continued investments, collaborations, and innovative frameworks, TCDA is optimistic about the upcoming harvest seasons.

The Authority also reaffirmed its mission to foster growth, support stakeholders, and strengthen Ghana’s position as a key player in the global tree crop market.