Cocoa Beans

Ivory Coast Cocoa Farmers Concerned Over Lack Of Rain

Farmers from Ivory Coast’s main cocoa growing regions are worried that a persistent lack of rain could weigh on the April to September crop.

More rainfall is needed in Ivory Coast’s cocoa-growing regions to boost the October to March main crop, farmers said on Monday.

Low rains mixed with long sunny spells in most of Ivory Coast’s main cocoa regions gave a boost to the October-to-March main crop last week.

Abundant rainfall in Ivory Coast’s main cocoa growing regions last week boosted the crop as buyers flagged potential quality concerns.

Ivory Coast has raised the fixed farmgate price paid to cocoa farmers by 20% the country’s agricultural minister said on Monday.

Ivory Coast’s Coffee and Cocoa Council (CCC) regulator has significantly curbed the hoarding of beans in September due to sanction threats.

A spokesperson for Hershey said on Thursday that the chocolate maker laid off a small number of its employees this week.

The weather in Ivory Coast’s main cocoa-growing regions has been getting sunnier in the past week, allowing beans to mature.

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