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flag Cocoa prices surge in Ivory Coast and Ghana due to decreased production and smuggling.

flag Cocoa prices have surged due to decreased production in the Ivory Coast and Ghana, with shipments from the Ivory Coast down 28% this year. flag Ghana's cocoa output has also suffered from smuggling and adverse weather, leading to a reported loss of 160,000 tons. flag In response, Ghana's government has raised cocoa prices significantly, reflecting a commitment to support farmers. flag However, increased production in Cameroon and Nigeria may counterbalance these price hikes.

7 months ago
24 Articles