Farmers in the top two cocoa growers are upbeat about the next harvest after heavy rains in recent weeks helped support crop development.[ACCRA] Farmers in the top two cocoa growers are upbeat about the next harvest after heavy rains in recent weeks helped support crop development.
While an earlier threat of El Nino has subsided, there's an outlook for"cooler sea surface temperatures over the Gulf of Guinea" that also results in drier conditions, he said. Ivory Coast is on track to produce a record 2.3 million tons of cocoa in the current season that ends in September, according to the average estimate from three traders surveyed by Bloomberg.
The virus, which can deform cocoa pods and reduce yields, forced the cocoa regulator to twice reduce its estimate for the annual harvest, most recently to 800,000 tons, people familiar with the matter said previously. "The crop is good and farmers are upbeat about the new season despite vast stretches of cocoa lands being hewn down because of the swollen shoot virus disease," he said."We are confident that the coming season will be more fruitful."
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