Business
Markets
Ghana imposes limitations on cocoa purchases amid persisting shortages
As cocoa shortages continue, Ghana plans to restrict purchases of specialty cocoa for the upcoming season to manage supply.
As cocoa shortages continue, Ghana plans to restrict purchases of specialty cocoa for the upcoming season to manage supply.
Recent declines in cocoa prices prompt a market correction as production challenges loom.
Ghana and Ivory Coast, which together supply over 60% of the world’s cocoa, are experiencing their lowest harvests in years, with cocoa futures hitting record highs due to anticipated shortages of cocoa beans.
Utilization of cacao byproducts can bring economic and environmental benefits.