Malaysia palm oil output expected to rise 2.5% in 2018

Palm oil production in Malaysia, the world’s second-largest producer, is expected to increase by 15.5 percent this year and will grow by 2.5 percent in 2018, the government said Friday. Malaysian output is forecast to rise to 20 million tonnes this year and to 20.5 million tonnes in 2018 due to better yields and expansion […]

Ghana delays start of cocoa season as it awaits loan funds

Ghana will delay the start of the new cocoa season as it waits for the proceeds of a $1.3 billion syndicated loan to pay farmers, according to the head of the industry regulator. Purchases for the bigger of the two annual harvests will only commence in the middle of October, Ghana Cocoa Board Chief Executive […]

Cocoa prices crashed, smugglers still making money

Much of Jamilatu Mohammed’s harvest of cocoa beans is sitting in a storage shed near her dilapidated mud house along Ghana’s western border when it should be on its way to factories of chocolatiers like Nestle SA. The mother of two and other small growers in the world’s no. 2 producer represent the casualties in […]

Nigeria cocoa output seen rebounding in 2017/18

Nigeria should see a bumper cocoa harvest in the coming season as late rains have helped boost pod production, the head of the Cocoa Association said Thursday. Sayina Riman, president of the Cocoa Association of Nigeria (CAN), expects output for the new season which starts in October to hit between 300,000 tonnes and 320,000 tonnes, […]

Avocados could get a lot more expensive under a new NAFTA

One day, an avocado’s a buck-fifty. The next, it’s twice that. And this week, just days after a much-ballyhooed markdown at Whole Foods, wholesale avocado prices hit a record high. If you think prices are unpredictable now, be warned: They could get a whole lot worse, some produce companies say, depending upon how the Trump administration renegotiates the North American Free […]

Ivory Coast weighs cocoa tax cuts to lift farmer pay

Ivory Coast is considering cutting taxes on buying and exporting of cocoa to allow for an increase in the minimum price paid to farmers in the upcoming season, according to a person familiar with the matter. The world’s biggest producer of cocoa is unlikely to raise the minimum price that it allows merchants to pay […]

Ivory Coast fears a fifth of cocoa crop may be lost to smuggling on farmers’ pay discrepancy with neighbor, Ghana

Ivory Coast’s cocoa regulator has forecast that the nation may lose a fifth of its cocoa crop to smuggling during the next harvest if neighboring Ghana refuses to cut payments to farmers after international prices fell, according to reports by Bloomberg The prediction by Le Conseil du Cafe-Cacao comes after the world’s biggest cocoa producer […]