West Africa has hit a record number in cocoa production driven by Ghana, Côte d’Ivoire and Nigeria quickly rising.
Increase in West Africa's cocoa production. PHOTO: Best Wallpaper-via CNBC Africa
This past season, West Africa produced a record of 3.1 million tons of cocoa. However, it is unlikely that the region will produce the same high yield next season.
“We’re expecting a total crop of around 1.6 million tons in Côte d’Ivoire. We’re expecting a slightly larger crop in Ghana of around 950 thousand tons and we’re expecting Nigeria to grow by the strongest of any cocoa producer in the world,” said Edward George, head of group research at Ecobank. Read More...
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