Cocoa Futures Advance as Ghana Seeks to Restrict Some Supplies
- Ghana will decide how much specialty cocoa firms can buy
- Bean shortages sent futures to a record earlier this year
A farmer arranges cocoa beans to dry at a farm in Kwabeng, Ghana.
Photographer: Paul Ninson/BloombergThis article is for subscribers only.
Cocoa futures gained as Ghana’s plan to limit some supplies for next season fueled fresh worries about continued shortages.
The world’s second-biggest grower has told buyers that it will determine how much of the next crop can be sold as specialty cocoa based on total production, and that the regulator will allocate beans “equitably” among buyers, Bloomberg reported last week.