Ivory Coast cocoa crop expected to be close to last season's, minister says

Published 2025년 2월 24일

Tridge summary

Ivory Coast's cocoa production for the 2024/25 season is projected to remain steady at disappointing levels due to adverse weather and crop conditions, as stated by the country's agriculture minister, Kobenan Kouassi Adjoumani. This continues a trend that led to a significant drop in production in 2023/24, causing international prices to surge. Despite these challenges, Ivory Coast is implementing replanting and agroforestry measures to boost production. The country may also achieve self-sufficiency in rice by next year, with increased production reaching 1.5 million tonnes in 2021.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

PARIS, Feb 24 (Reuters) - Cocoa production in Ivory Coast in the 2024/25 season is expected to remain around last season’s disappointing level after adverse weather and crop conditions continue, the country’s agriculture minister said. A sharp drop in output in Ivory Coast, the world’s biggest supplier of the chocolate ingredient and second-largest producer Ghana, in 2023/24 triggered a surge in international prices to record levels last year. “It’s the same trend,” Kobenan Kouassi Adjoumani told Reuters on Monday about the outlook for 2024/25 production, adding that it was too early to give a firm forecast. The minister’s assessment was in line with a Reuters poll of analysts this month, which gave an average expectation of 1.80 million metric tonnes for 2024/25, down from 1.76 million in 2023/24. Echoing farmers’ comments, Adjoumani said recent rains had improved prospects for the April-September mid-season crop, which follows the country’s main crop from October to March. ...

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