Audio By Carbonatix
The cocoa deliveries to warehouses in Ghana, the world's second-largest producer, are currently about 70% higher than last season.
This significant increase according to Bloomberg has been attributed to an improved harvest and successful efforts to decrease smuggling.
Approximately 560,250 tons of cocoa beans have been delivered to the industry regulator's warehouses since the beginning of the 2024-25 season. This started on February 13, 2025.
The current delivery volume is a considerable increase compared to the same period last year when around 330,000 tons of cocoa beans were delivered to the Ghana Cocoa Board depots.
The global market has been closely monitoring the supply of cocoa from West African growers.
This attention comes after poor harvests during the previous season resulted in a substantial global shortage, causing cocoa prices to reach record highs.
In 2024, cocoa exports also plummeted to US$1.696 billion from US$2.152 billion in December 2023. This was mainly due to challenges posed by extreme weather conditions and galamsey activities
Latest Stories
-
Put bill before him, he will sign – Yilo Krobo MP backs Mahama on LGBTQ+ law
4 hours -
Cameroon separatists to pause fighting ahead of Pope visit
4 hours -
Retrial over death of Argentina legend Maradona begins
4 hours -
Israel and Lebanon hold first direct talks since 1993
4 hours -
Western Regional House of Chiefs honours Armah-Kofi Buah for promoting unity and stability
5 hours -
Trump hints Iran talks could resume this week as US maritime blockade continues
5 hours -
From student to keynote: Matilda Asante-Asiedu returns to GIMPA with critical advice on AI
5 hours -
Man wins €1m Picasso painting in €100 charity raffle
5 hours -
French woman, 86, held by ICE after moving to US to reunite with long-lost love
5 hours -
Partner of US influencer who died in Zanzibar speaking to police as witness
5 hours -
Brazil’s former spy chief detained by ICE agents in US
5 hours -
Significant debt vulnerabilities persist despite upgrade to “high risk of debt distress” – World Bank to Ghana
6 hours -
Atleti survive Barcelona fight-back to reach Champions League semis
6 hours -
Dembele at the double as PSG knock Liverpool out of Champions League quarters again
6 hours -
Geospatial intelligence and its impact on infrastructure development – Emmanuel Sampson writes
7 hours