Ghana’s reserves dip to $6.1bn; import cover declines to 2.8 months
Adverse weather, disease, and a shortage of fertilizer has curbed output, setting up the global market for a third straight year of cocoa bean shortages. Ghana’s cocoa harvest in the 2023-2024 season which ends in September is expected to be 650,000 tons to 700,000 tons versus an initial forecast of 850,000 tons.
Ghana’s cocoa harvest in the 2023-2024 season which ends in September is expected to be 650,000 tons to 700,000 tons versus an initial forecast of 850,000 tons.
Source:norvanreports