The new rates, which take effect on Oct. 22, are set between 2.5% to 7.5% of the so-called reference price, and are payable to the Plantation Fund Management Agency, according to a finance ministry decree posted on its website. The agency is tasked with running a replanting program, building cocoa seedling nurseries, and providing sustainability training for farmers to halt production declines caused by aging trees and pest infestations.
A separate export tax, set at lower rates, ...