Supply deficit

Ghana will raise the fixed farmgate price paid to cocoa farmers by up to 50% in an effort to share profits from rising global prices and deter farmers from bean smuggling, a spokesperson at the country's cocoa marketing board Cocobod said…
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The International Cocoa Organisation (ICCO) has projected global cocoa output for the 2023/24 season to shrink by 11% or more than 547,000 metric tonnes. The latest forecast published by the organisation is contained in the production…
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Cocoa futures extended their surge to a record in New York as a shortfall gripped the market, threatening to make chocolate and other confectionery costlier. Prices have doubled during the past year as growers in West Africa — who produce…
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According to ICCO forecasts, Cocoa production for the 2021/22 cocoa season is set to fall by one-third due to less conducive weather conditions and the outbreak of swollen shoot disease. The International Cocoa Organisation’s (ICCO)…
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