Ivorian cocoa supply hit by poor quality
Poor quality capped
the amount of cocoa reaching shipping docks in top grower Ivory Coast
last week, widening the year-on-year supply deficit to nearly 2
percent, exporters said on Monday. Some 6,000 tonnes reached the West
African nation’s two ports between July 19 and July 25, bringing
arrivals volumes since the start of the season in October to about
1,082,000 tonnes, the exporters said.
Heavy rains in Ivory Coast in recent weeks have caused cocoa trees
to sprout plenty of pods but have made it difficult for farmers to
properly dry out the ripe beans. Ivory Coast produces about a third of
the world’s cocoa, but output is on track to hit its lowest since at
least the 2004-05 season as plantations suffer years of under
investment in the wake of a civil war.
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