Ghana expects its cocoa crop to recover next season as favorable weather and timely supplies of pesticide and fertilizer help farmers claw back from a potential two-decade low that’s pushed prices to record highs.
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Ghana’s Trade Surplus Remains Pressured by Low Cocoa OutputGhana’s trade surplus narrowed in the first four months after revenue from cocoa exports declined.
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Cocoa Climbs on Concern More Rains Needed in Key Growing AreasCocoa futures rose in New York on concerns more rain is needed to boost soil moisture in the main growing areas of West Africa amid ongoing global shortages.
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Cocoa Crisis Made Worse by Underpaying Farmers, Tony’s CEO SaysCocoa’s record-breaking rally this year has been exacerbated by the long-term underpayment of farmers in key growers, according to ethical chocolate maker Tony’s Chocolonely.
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Cocoa Crisis Made Worse by Underpaying Farmers, Tony’s CEO Says(Bloomberg) -- Cocoa’s record-breaking rally this year has been exacerbated by the long-term underpayment of farmers in key growers, according to ethical...
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High price of cocoa bittersweet news for Canadian bakeriesSmall business owners in Canada, bakeries in particular, are feeling the pinch due to a global shortage of cocoa. The lack of supply means the cost of it has skyrocketed over the past few months and continues to remain high.
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Ivory Coast Bans Some Cocoa Sales in Another Threat to MarketTop cocoa producer Ivory Coast has taken steps to shore up scarce supplies for local processors, threatening to restrict bean exports and further tighten the global market.
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