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better stock up on the cocoa

nly 251,000 tonnes of beans are estimated to have reached the local ports during the first two months of the current season, a level around 40 per cent below average for the four preceding seasons,” it said.

The problem has continued in December – the traditional peak of the harvesting season – because of the impact of cold weather and heavy rains earlier this year, the so-called black pod disease, reduced use of fertiliser because of high prices and a spate of strikes among farmers and customs personnel, traders said. They added that cocoa supplies from Ivory Coast’s west African neighbour Ghana, the second largest producer, were also lower than last season.
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