Ghana Expects Record Cocoa Harvest After Favorable Weather
- No. 2 producer sees crop of 1.1 million tons: people familiar
- Nation initially set a target of 900,000 tons for the season
Photographer: Jose Cendon/Bloomberg
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Ghana is heading for a record cocoa harvest after favorable weather and government interventions boosted output in the No. 2 producer, according to two people familiar with the matter.
The Ghana Cocoa Board has revised its production target to 1.1 million tons for the season that ends in September, the people said, asking not to be named as the information isn’t public. That compares with the board’s initial goal for 900,000 tons and would exceed the nation’s previous record crop of 1.025 million tons a decade ago.