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Ivory Coast cocoa output to remain low amid challenging conditions

"It's the same trend," Kobenan Kouassi Adjoumani said regarding prospects for 2024/25 production, adding it was too early to give a firm forecast.
The minister's assessment was in line with a Reuters analyst poll this month that gave an average expectation of 1.80 million metric tonnes for 2024/25 versus 1.76 million in 2023/24.
Improved prospects for mid-crop
Echoing comments by farmers, Adjoumani said recent rain had improved prospects for the April-to-September mid-crop, which follows the country's October-to-March main crop.
Faced with adverse climate effects and disease in ageing cocoa trees, Ivory Coast was engaged in replanting and agroforestry measures that should boost production potential within two years, he added in an interview at the annual Paris farm show.
Cocoa smuggling and price gaps
Rocketing international prices have also fuelled the smuggling of cocoa beans from the Ivory Coast, whose fixed price for growers is much lower despite an increase last year.
There has been talk that around 100,000 to 200,000 tonnes of cocoa has been illegally exported to neighbouring countries such as Guinea this season, but a crackdown by the government has curbed the traffic, Adjoumani said.
In other agricultural markets, Ivory Coast could become self-sufficient in rice from next year after investment in seeds and farm machinery helped accelerate growth in production to 1.5 million tons last year, narrowing the gap with consumption of 2.1 million tonnes, he said.
Source: Reuters

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/About Gus Trompiz
Reporting by Gus Trompiz; editing by David Evans.Related
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