Cocoa Shortages Force Shutdowns at Ghana’s Top Processors
- Top companies among those shutting down intermittently
- Supply crunch has seen futures prices soar past 1970s’ records
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Ghana’s cocoa processing units have been falling silent as a shortage of beans deepens in the world’s second-largest grower.
Cargill Inc., along with local firms Cocoa Processing Co. Ltd. and Niche Cocoa Ghana Ltd have all had to shut down their units intermittently over the last few months, according to people familiar with the matter. The companies declined to comment.