Audio By Carbonatix
Cocoa production in Ivory Coast in the 2024/25 season is on course to remain around last season's disappointing level after adverse weather and crop conditions continued, the country's agriculture minister said.
A sharp fall in output in Ivory Coast, the world's biggest supplier of the chocolate ingredient, and number two producer Ghana in 2023/24 triggered a surge in international prices to record highs last year.
"It's the same trend," Kobenan Kouassi Adjoumani told Reuters on Monday regarding prospects for 2024/25 production, adding it was too early to give a firm forecast.
The minister's assessment was in line with a Reuters analyst poll this month that gave an average expectation of 1.80 million metric tons for 2024/25 versus 1.76 million in 2023/24.
Echoing comments by farmers, Adjoumani said recent rain had improved prospects for the April-to-September mid-crop, which follows the country's October-to-March main crop.
Faced with adverse climate effects and disease in ageing cocoa trees, Ivory Coast was engaged in replanting and agroforestry measures that should boost production potential within two years, he added in an interview at the annual Paris farm show.
Rocketing international prices have also fuelled smuggling of cocoa beans from Ivory Coast, whose fixed price for growers is much lower despite an increase last year.
There has been talk that around 100,000 to 200,000 tons of cocoa has been illegally exported to neighbouring countries such as Guinea this season, but a crackdown by the government has curbed the traffic, Adjoumani said.
In other agricultural markets, Ivory Coast could become self-sufficient in rice from next year after investment in seeds and farm machinery helped accelerate growth in production to 1.5 million tons last year, narrowing the gap with consumption of 2.1 million tons, he said.
Latest Stories
-
Telecel Cash MD urges shift towards supportive digital credit systems
3 hours -
From xenophobia to prosperity: Emmanuel Asamoah launches hardware empire with Ibrahim Mahama’s backing
3 hours -
Turning streams into livelihoods: MTN Ghana, artists, industry leaders and creators rethink music income
3 hours -
ASAC 2026: Ghana sees 3 medals as 4x100m relay team make final
3 hours -
Court remands hunter pending murder trialÂ
3 hours -
One million coders programme: Can government achieve its target?
3 hours -
Unemployed man remanded for stealing trader’s moneyÂ
3 hours -
Asiama wins “Best Male Vocal Performance” at the 27th TGMA
4 hours -
Over half of Gen Zs, millennials delay major life decisions including starting a family – Deloitte Survey
4 hours -
Court jails ‘Okada man’ 8 years for robberyÂ
4 hours -
Stanbic Bank eyes district expansion in Upper West as credit conditions improve
4 hours -
NDC women’s wing accuses Suame MCE of nepotism, neglect of party members
4 hours -
Ghana’s labour market faces deep structural weaknesses; NDPC’s job first agenda is laudable – US-based Economist
4 hours -
NPP warns of retaliation over alleged harassment of party members
5 hours -
PSWU-NIA division suspends strike after NLC intervention
5 hours