Ghana Said to Harvest 850,000 Tons of Main Crop Cocoa

Ghana’s cocoa farmers reaped about 850,000 metric tons in the main-crop harvest that ended June 12, in line with the forecast, according to a person with direct knowledge of government data, who asked not to be identified because the information isn’t public.

The light crop, which starts in the first week of July, is projected to yield an additional 50,000 tons, a person familiar with the government’s forecast said earlier this month. Ghana is the world’s second-largest producer, after Ivory Coast.

Minister of Information Mahama Ayariga didn’t immediately respond to a call to his mobile phone or a text message.

Cocoa for September delivery declined 0.2% to 1,930 pounds ($3,285) a ton at 3:59 p.m. on NYSE Liffe in London. Prices have climbed 34 percent in the past year on concerns global supply may lag behind demand for several years. Cocoa for the same month fell 0.5 percent to $3,101 a ton on ICE Futures U.S. in New York.

To contact the reporter on this story: Ekow Dontoh in Accra at edontoh@bloomberg.net

To contact the editors responsible for this story: Stuart Wallace at swallace6@bloomberg.net John Deane

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.