{"id":96489,"date":"2025-09-30T19:58:51","date_gmt":"2025-09-30T19:58:51","guid":{"rendered":"https:\/\/sotnews.agency\/?p=96489"},"modified":"2025-09-30T19:58:51","modified_gmt":"2025-09-30T19:58:51","slug":"ghana-august-cocoa-arrivals-quadrupled-on-early-start-to-season","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=96489","title":{"rendered":"Ghana August cocoa arrivals quadrupled on early start to season"},"content":{"rendered":"
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Ghana\u2019s cocoa deliveries to warehouses in August more than quadrupled from the same period last year as an accelerated start to the season provided early cash to farmers, adding to the uptick in supply that\u2019s cooling global prices.<\/p>\n

The country this year decided to start its cocoa season in August, two months ahead of the norm, to appease farmers who fetch a government-set price for their crop. <\/p>\n

Arrivals of the chocolate-making ingredient in the four weeks ending Sept. 4, reached 50,440 metric tons, compared to about 11,000 tons delivered in the same period in 2024, according to people familiar with the matter.<\/p>\n

The world\u2019s No. 2 producer raised the amount it pays farmers for their cocoa beans by 4.2% to 3,228.75 cedis ($261) per 64-kilogram bag in the current 2025-26 season. <\/p>\n

That\u2019s expected to lower the incentive to smuggle beans to nearby nations where prices are higher.\u00a0<\/p>\n

The market is watching supplies from West African growers closely after a series of back-to-back poor harvests fueled a huge global shortage that sent New York futures soaring to a record last year. <\/p>\n

While a small surplus is expected in the current 2024-25 season, the market remains tight and prices are well above historical levels.<\/p>\n

Most of the beans delivered to warehouses are destined for export, though some are sold to local processors. <\/p>\n

Ghana has forecast a cocoa crop of 650,000 tons in the 2025-26 season, up from the 600,000 tons in the previous harvest.<\/p>\n

A spokesperson for Cocobod, the national regulator, declined to comment.<\/p>\n

The world\u2019s top grower, Ivory Coast, where farmers\u2019 pay is also set by the government, is expected to announce an increase in its farmgate prices for the new season that starts from Oct. 1.<\/p>\n

Ghana\u2019s fight to control smuggling has shown some progress. <\/p>\n

A new funding model, where top exporters are helping finance purchases, has also improved the tracking of beans from farms, the people said, asking not to be named because they\u2019re not authorized to discuss the matter.<\/p>\n<\/div>\n

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\"GhanaGhana\u2019s cocoa deliveries to warehouses in August more than quadrupled from the same period last year as an accelerated start to the season provided early cash to farmers, adding to the uptick in supply that\u2019s cooling global prices.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[9610,12,2582,1221,6508,319,2208,10,9],"tags":[],"class_list":["post-96489","post","type-post","status-publish","format-standard","hentry","category-bloomberg","category-business","category-cocoa","category-cocobod","category-comp-business","category-economy","category-hp-business-2","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/96489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96489"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/96489\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}