The Pig Farmers Association of Ghana has stated that starting on December 1st of this year, the farmgate price of pork is anticipated to increase by 20%.
The Association claims that the rise in manufacturing costs has made an upward price adjustment necessary.
A kilo of live-weight pork would sell for GH¢30 as a result of the price change, according to citinewsroom, while a kilo of carcass pork will go up from GH¢35 to GH¢45 as of December 1, 2023.
At this year’s Porktober celebration, Kwame Appiah Danquah, President of the Pig Farmers Association of Ghana, revealed this.
“Our new prices for the year starting December 1, 2023, are a minimum of GH¢30 per kilo for live weight and GH¢45 for carcass pork from the farm gate. I am stressing ‘farm gate,’ so 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,” he shared.
The Association also emphasized their dedication to managing the nation’s improved pig farming sector, which is why they are searching for funding to support their efforts.
“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. 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,” he added.