Commodities
12 June 2024, 2:13 pm 1 minute
Reuters exclusively reported that Ghana, the world’s second largest cocoa producer, is looking to delay delivery of up to 350,000 tons of beans to next season due to poor crops in a further worsening of the outlook for the global chocolate industry.
Market Impact
Chocolate makers around the world are raising prices for consumers after cocoa more than doubled in value this year alone following a third year of poor harvests in Ghana and Ivory Coast, responsible for 60% of global production.
Article Tags
Topics of Interest: Commodities
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Africa
Countries: Ghana
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story