As the main cocoa harvest begins, top origin faces port strike

Dockworkers are striking in the major exporting coastal city of San Pedro in Ivory Coast, disrupting the normal flow and loading of cocoa beans destined for markets around the world. Strikers are protesting for higher wages and have blocked roads used to transport cocoa [...]

Brief rally for cocoa; major origins boycott cocoa conference

Most-active Dec-22 NY cocoa broke above its short-term trading range Tuesday, closing at a two-week low above its 20-day average and retracement resistance below $2,340. The contract is now in the lower end of its four-month range—excluding a brief dip to its $2,243 contract [...]

Cocoa origins will push to protect LID & historic premiums

A few seasons into the implementation of a Living Income Differential (LID), Ghana and Ivory Coast have seen mixed results for premiums collected on bean sales. Despite some success for the LID in raising farmer income and improving livelihoods, country officials have at times [...]

ICCO now projects 2021/22 cocoa deficit of 174,000 MT

The latest estimate from International Cocoa Organization (ICCO) showed a 174,000 MT deficit in the 2021/22 season, little changed from their previous forecast of a 181,000 MT shortfall, partly the result of a weaker grind forecast, which may be reflected in Q2 grind numbers [...]

Continued dryness prompts traders to raise the forecast cocoa deficit

This year’s harmattan or dry season across West Africa has been particularly dry in recent months. Poor rains have hurt the tree canopy and raised concerns over pod development for the upcoming midcrop. As soil moisture drops, stress increases on cocoa trees, causing leaves [...]

Diverging cocoa arrival data confuses buyers

Four months into the West African main crop, cumulative tallies from both Ivory Coast and Ghana are telling two very different stories. Cocobod announced this past week that Ghana cocoa arrivals trailed last year by 44 percent, down nearly 300,000 MT year on year. [...]

Outlook for West Africa main crops; farmgate prices announced

Cocoa regulators in both Ghana and Ivory Coast have been warning for months of smaller 2021/22 crops as trees “rest” from bumper crops of the last two seasons—a phenomenon known as tree fatigue. A dry spring and harmattan season most likely pressured pod set [...]

Lack of water blamed for power outages across Ivory Coast

Government officials are blaming lack of rain and low reservoir levels used to feed hydroelectric power plants as the cause for rolling blackouts across the country. Major port cities like Abidjan that are the industrial engines in the country and major centers of population, [...]

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