Tag: Cocoa Industry
33 trucks with smuggled cocoa beans found in Ivory Coast
The Ivory Coast Coffee and Cocoa Board has identified 33 trucks carrying around 1,100 tonnes of smuggled cocoa beans across the border with Guinea. Cocoa smuggling in the region has increased following poor harvests in Ghana and Ivory Coast, the world’s second-largest producers. The decline in production has led to a supply shortage in the…
Cocoa prices unlikely to fall much this year despite higher production, media says
Weather conditions will become more favorable, which will lead to an increase in world production of cocoa beans by about 10%, causing their supply to exceed demand for the first time in four seasons, US media reported. However, the spread of chocolate tree diseases will hardly allow a return to previous prices. According to analysts…
Ghana’s Cocoa Crisis: Swollen Shoot Disease Threatens Major Producing Region
According to the International Cocoa Organization (ICCO), one of the main cocoa producing regions in Ghana is 81% infected with swollen shoot disease. This virus poses a significant threat to cocoa production, which is a critical part of Ghana’s economy. Swollen shoot virus first reduces yields and then kills trees, usually within a few years.…
Cocoa production in Ghana in 2024 decreased to 55% of the seasonal average.
Catastrophic harvest failures in Ghana and Côte d’Ivoire have driven up global cocoa prices since early 2024. Both leading producers were hit by adverse weather conditions, tree diseases and labor shortages. Chocolate lovers brace yourselves! Catastrophic harvest failures in Ghana and Côte d’Ivoire, the world’s top cocoa producers, have sent global cocoa prices skyrocketing since…
Low prices, pay delays drive Ghana cocoa farmers to smugglers
Low prices and payment delays are pushing Ghana’s cocoa farmers to sell to increasingly sophisticated smuggling rings, siphoning off production from border areas and raising doubt over next season’s output, growers and officials say. Failure to end the financing logjam and close the gap between Ghana’s official price and the amount paid by traffickers, they…
Nestle program to increase income of bean farmers in Africa leaves workers below living wage, report says
🌍 The Swiss food giant has enrolled 11,000 farming households in the leading agricultural region of Cote d’Ivoire in a program that pays farmers $535 in bonuses, and is expanding the program to neighboring Ghana. “Those in the program still earn almost $3,000 a year below the amount of just over $7,500 that’s needed to…
Cocoa farming in Liberia risks undermining EU deforestation law
JOHANNESBURG, April 22 (panafrican.email) – Farmers are clearing forests in Liberia to create cocoa plantations and are trafficking the beans into neighbouring Ivory Coast, undermining European efforts to curb deforestation, research by a conservation group showed on Monday. A law approved by the European Union and set to come into force at the end of this year…
🇬🇭 Illegal mining threatens Ghana’s cocoa industry
Ghana, the world’s second-largest cocoa producer; after Ivory Coast, is facing increasing risks to its bean crop from illegal miners and smugglers, according to industry officials, farmers and environmentalists. At a time when Ghana is going through one of the worst economic crises in its history, with inflation reaching 26.4% in November, illegal mining, known…
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