Ghana Lowers Cocoa Bean Harvest Forecast for 2024/25
The Ghana Cocoa Board (Cocobod) has revised its cocoa bean harvest forecast for the 2024/25 season, expecting a reduction to 617,500 tons. This is a significant 5% decrease compared to the previous estimate of 650,000 tons.
The decrease is attributed to the impact of the dry and hot Harmattan winds, which can adversely affect the yield of this crucial chocolate ingredient.
Amidst these changes, cocoa bean prices reached record highs in December and are likely to continue rising in 2025. This trend may influence the cost of the final product and present new challenges for manufacturers.
Source: sweetinfo.ru
#Confex #industry_news
The Ghana Cocoa Board (Cocobod) has revised its cocoa bean harvest forecast for the 2024/25 season, expecting a reduction to 617,500 tons. This is a significant 5% decrease compared to the previous estimate of 650,000 tons.
The decrease is attributed to the impact of the dry and hot Harmattan winds, which can adversely affect the yield of this crucial chocolate ingredient.
Amidst these changes, cocoa bean prices reached record highs in December and are likely to continue rising in 2025. This trend may influence the cost of the final product and present new challenges for manufacturers.
Source: sweetinfo.ru
#Confex #industry_news