Ghana Cuts Its Cocoa Crop Forecast Due to Plant Disease
- World’s No. 2 grower reduces estimate to 850,000 tons
- Swollen shoot disease to reduce yields in western areas
A farmer dries cocoa beans near Kumasi, Ghana.
Photographer: DeAgostini/Getty Images
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Ghana cut its forecast for the current season’s cocoa harvest by 6 percent because of plant disease in its biggest growing region, according to two people familiar with the matter.
The regulator of the world’s second-biggest cocoa producer lowered the production estimate for the annual crop through September to 850,000 metric tons, from 900,000 tons previously, said the people, who asked not to be identified because the information isn’t public.