Kuapa Kokoo grabs larger cocoa market share

Ghana Agriculture News-The market share of Kuapa Kokoo limited has risen from 4.23% to 7% currently. Consequently, the Licensed Buying Company has been upgraded from 12th to 5th position.

This follows the sterling performance of the company during the 2017/2018 crop season.

Managing Director of KKL; Mr. Samuel Animado revealed this at a meeting with journalists in the Ashanti regional capital.

He explained that his outfit managed to attain 99% of their cocoa purchasing target.

“Kuapa Kokoo in the 2017/18 crop season set a target of 70,000m/t (60,000m/t in the 2017/18 main crop and 10,000m/t in the 2018 light crop). We were able to achieve 99% of our target in 2017/18 main crop season by purchasing 945,544 bags (59,096.9m/t) from our members. As at week 7 ending 16th August, 2018 through the 2018 light crop, KKL has been able to purchase 54,323 bags (3,395.19m/t) of cocoa.”

He also revealed that Kuapa Kokoo within the last 8 months has employed over 60 young graduates; an action he believes will help better the lot of young graduates in Ghana in the face of the general unemployment situation.

He used the opportunity to praise their partnership with Millennium Promise Alliance (MPA). He says a lot of great strides have been made since they partnered MPA and prayed for more successes from the great alliance.

Also present at the event were the Country Director for MPA; Chief Nathaniel Ebo Nsarko, President of Kuapa Kokoo Farmers Union (KKFU); Madam Fatima Ali and other recently elected executives of KKFU as well as some selected journalists.

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