The Pig Farmers Association of Ghana has disclosed that effective December 1, pork enthusiasts will experience a 20 percent increase in prices.
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Live-weight pork, presently priced at 25 cedis per kilo, will escalate to 30 cedis, while carcass pork will see a rise from 35 cedis to 45 cedis per kilo.
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President of the Pig Farmers Association, Kwame Appiah Danquah, made the announcement during this year's Porktober, an annual event dedicated to raising awareness about pork.
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He attributed the price adjustment to the escalating costs of production.
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Emphasizing that the new prices apply at the farm gate, Danquah clarified, "If you go and buy it in Accra, don’t expect it at that price because there will be other additional costs due to transportation and other factors that would have to be catered for."
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To ensure equitable and competitive pricing, the farmers are working on implementing a comprehensive pricing strategy for pork and its associated products.
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Simultaneously, plans are in progress to secure funding from partners, aiming to alleviate the financial strain on farmers.
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“The Association is actively seeking funding opportunities. This approach is aimed at striking a balance between farmers and consumers, taking into account market dynamics and production costs.
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The primary challenge facing pig farmers is financing. To address this issue, the association is actively exploring opportunities for input financing to facilitate access to capital to improve the pig farming industry in the country,” Kwame Appiah Danquah added.
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