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 firstname.lastname@example.org