Markets Magazine
Ghana’s Record Cocoa Harvest Is Bittersweet for Export Industry
The pandemic diminished demand from chocolatiers and left West African farmers with a glut.
Ghana, the second-biggest exporter of cocoa beans, is facing a problem many would’ve thought impossible: you can have too much chocolate.
The country has reaped its largest-ever cocoa harvest, thanks to favorable weather and higher pay for farming the beans. Yet at the same time, the coronavirus pandemic, which shut down marketplaces and airport gift shops around the world, has weakened demand for chocolate.