Ghana to delay more cocoa deliveries as supply crisis worsens

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Commodities

Reuters exclusively reported that Ghana, the world’s second largest cocoa producer, is looking to delay delivery of up to 350,000 tons of beans to next season due to poor crops in a further worsening of the outlook for the global chocolate industry. 

Market Impact

Chocolate makers around the world are raising prices for consumers after cocoa more than doubled in value this year alone following a third year of poor harvests in Ghana and Ivory Coast, responsible for 60% of global production.

Article Tags

Topics of Interest: Commodities

Type: Reuters Best

Sectors: Commodities & Energy

Regions: Africa

Countries: Ghana

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story



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