Ghana’s Annual Cocoa Shipping Rates to U.K. Increase 8.3%

Shipping cocoa beans grown in Ghana, the world’s second-largest producer, to the U.K. will cost 8.3 percent more in the current crop season, according to a unit of the board that oversees the industry.

The charge to haul Ghanaian beans to the English ports of Tilbury and Felixstowe and to Dublin rose 3 pounds to 39 pounds ($62) a metric ton for the 2012-13 season begun Oct. 1, a document from Accra, Ghana-based Cocoa Marketing Co. e-mailed today showed. Dutch, Belgian and German cargoes will gain 10 percent to 53 euros ($68) a ton from 48 euros last season.

The chocolate ingredient is normally hauled at sea in 20- foot steel containers by shipping companies including Copenhagen-based A.P. Moeller-Maersk A/S, owner of the world’s largest container line. Freight rates from Ghana, where the cocoa market is state-controlled, are negotiated annually between shippers and Cocoa Marketing Co.

Carrying Ghanaian beans to the Spanish port of Barcelona and Trieste in Italy will cost 60 euros a ton, up from 55 euros last season, according to the document. Shipping rates rose to $100 a ton for Japan and $95 a ton for both Korea and Singapore, increasing by $8 in each case.

Ghana’s cocoa harvest may fall 11 percent to 800,000 tons in the current season amid concern about adverse weather, Noah Amenyah, a spokesman for the Ghana Cocoa Board, said Sept. 12. Cocoa Marketing Co. is a unit of the board, its website shows.

The cost of shipping products such as cocoa butter to the U.K. and Dublin rose 3 pounds to 43 pounds a ton, according to the document. Cocoa butter accounts for as much as 20 percent of the weight of a chocolate bar, according to Commodities Risk Analysis LC, a cocoa-research company based in New York.

To contact the reporter on this story: Isis Almeida in London at

To contact the editor responsible for this story: Claudia Carpenter at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.