Futures on the Intercontinental Exchange are near their highest in three years
Abidjan/London — Adverse weather in West Africa could cause cocoa output in Ghana, the world’s second-largest producer, to fall short of consensus for a second consecutive year, local traders and exporters said.
A source at Ghanaian cocoa regulator Cocobod said the weather is a major concern but declined to discuss numbers. “People have been reducing their numbers but not by 50,000 tonnes. Arrivals so far have been quite good and at this stage, [there’s only] the mid crop and tail-end of the main crop [left],” an analyst at a major chocolate maker said.
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