• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Cocoa Production: 2022/23 season first half supply by Ghana and Ivory Coast estimated to be 2.3m tonnes

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
61
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Cocoa Production: 2022/23 season first half supply by Ghana and Ivory Coast estimated to be 2.3m tonnes

The global cocoa market is closely watching the latest estimates for the total supplies of cocoa beans from Ghana and Ivory Coast for the first half of the 2022/23 cocoa year. Based on the latest available information, it appears that the total supplies from these two top cocoa-producing countries is estimated at 2,345,846 tonnes, which is a slight decrease of 0.2% compared to the same period in the previous season.

This news is likely to have a significant impact on the cocoa market, given that Ghana and Ivory Coast together produce nearly two-thirds of the world’s cocoa beans. The slight decrease in supplies may be concerning to those in the industry, especially given the recent volatility in the cocoa market due to a range of factors such as climate change, pests and diseases, and political instability.

The decrease in supplies is mainly due to the year-on-year reduction of 89,000 tonnes in Côte d’Ivoire cumulative ports’ arrivals of cocoa beans over the first half of the 2022/23 cocoa year. This has been combined with an increase of 85,360 tonnes over the same period in Ghanaian purchases of graded and sealed cocoa beans, which has resulted in a slightly negative net effect. In other words, there has been a year-on-year decrease in the supply of cocoa beans from Côte d’Ivoire and Ghana taken together.

This development has been closely watched by analysts and industry insiders alike, as it could have significant implications for the cocoa market. In particular, the supply of cocoa beans has been a key factor in determining prices for cocoa in recent years, with any changes in supply having a significant impact on prices.

The decrease in supplies from Ghana and Ivory Coast comes at a time when there is already significant uncertainty in the cocoa market. The industry has been grappling with a range of issues, including rising temperatures, which have made it increasingly difficult for cocoa trees to grow in some areas. Additionally, there have been concerns about the spread of pests and diseases, which have also impacted yields in some parts of the world.

The slight decrease in supplies of cocoa beans from Ghana and Ivory Coast over the first half of the 2022/23 cocoa year is likely to have significant implications for the cocoa market. Given that these two countries produce nearly two-thirds of the world’s cocoa beans, any changes in their supply levels could have a significant impact on prices. Moreover, the decrease in supplies comes at a time when the cocoa industry is already facing a range of challenges, including rising temperatures, pests and diseases, and political instability. As such, this latest development is likely to be closely watched by industry insiders, analysts, and investors alike, as they seek to assess its potential impact on the market.

RelatedPosts

African Airlines Record 9.4% Growth In Air Cargo Demand In July 2025 – IATA

South African President Ramaphosa Launches G20 Taskforce to Tackle Global Wealth Inequality Amid US Absence

Burkina Faso’s Nationalization Rattles West Africa’s Gold Sector

Tags: cocoa productionCocoa Production: 2022/23 season first half supply by Ghana and Ivory Coast estimated to be 2.3m tonnesGhana and Ivory Coast
No Result
View All Result

Highlights

Experts Talk BoG’s New Currency Controls & Crackdown on NPLs on NorvanReports’ X Space Discussions Tonight

Piastri Claims Pole Position in Thrilling Dutch Grand Prix Qualifying

US Open: Osaka, Alcaraz, Djokovic Shine as Gauff Joins Them in Last 16

Morocco Beat Madagascar to Secure Historic Third CHAN Title

$41bn Reserves vs Empty Pockets: When Will Relief Come For Nigerians?

Africa Emerges as Manufacturing Haven Amid US–India Trade Tensions

Trending

Aviation

African Airlines Record 9.4% Growth In Air Cargo Demand In July 2025 – IATA

August 31, 2025

African Airlines Record 9.4% Growth In Air Cargo Demand In July 2025 – IATA African airlines saw...

South African President Ramaphosa Launches G20 Taskforce to Tackle Global Wealth Inequality Amid US Absence

August 31, 2025

Burkina Faso’s Nationalization Rattles West Africa’s Gold Sector

August 31, 2025

Experts Talk BoG’s New Currency Controls & Crackdown on NPLs on NorvanReports’ X Space Discussions Tonight

August 31, 2025

Piastri Claims Pole Position in Thrilling Dutch Grand Prix Qualifying

August 31, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.