Hindi nagbibigay ng serbisyo ang XM sa mga residente ng Estados Unidos.

Ghana cocoa output is half of average with harvest almost complete



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Ghana cocoa output is half of average with harvest almost complete</title></head><body>

Number 2 grower in the midst of disastrous season

Output undermined by weather, disease, mining and smuggling

Major growing regions Ashanti and Western South hit hard

By Maxwell Akalaare Adombila

ACCRA, July 16 (Reuters) -Ghana cocoa production reached 429,323 metric tons - or less than 55% of the average seasonal output - as harvesting neared completion at the end of June, data from marketing board Cocobod showed on Tuesday.

Disastrous harvests in Ghana and Ivory Coast - the world's biggest producer - have driven up global cocoa prices since the start of the year. Together, the countries account for around 60% of global supply.

The bulk of Ghana's cocoa harvest is usually completed by the end of June, and the Cocobod data roughly reflects this season's main crop output for the world's second largest producer.

Both of the leading producers have been hit by adverse weather conditions and tree disease, while Ghana's cocoa production has also been hobbled the impacts of informal mining and smuggling.

The Cocobod data obtained by Reuters does not capture production that may have been trafficked out of the country illegally.

On June 21, Cocobod announced the start of Ghana's light crop - the smaller of its two annual harvests - which typically contributes less than 10% of the full season's production.

Ghana's annual cocoa output averaged 800,000 tons over the last five seasons, according to International Cocoa Organization data, including a 2020/21 peak of over 1 million tons. But the Cocobod data reflects three successive seasons of decline.

The marketing board declined to provide equivalent production data through June of the two previous seasons. Full season output, however, was 683,269 tons in 2021/22 and 656,140 tons the last season.

Ghana's two leading cocoa growing regions - Ashanti and Western South - have been the biggest contributors to the overall drop in production, the data showed.

Ashanti produced 103,976 tons of beans by the end of June, compared to a full season figure of 160,855 tons last season. Western South, meanwhile, recorded production of 96,810 tons by end-June, compared to 152,277 tons last season.


Swollen shoot disease (CSSVD) and artisanal gold mining - known locally as galamsey - are largely responsible for the drop in production in the two regions, said Nana Kwesi Barning, coordinator of the Ghana Civil Society Cocoa Platform.

"Galamsey and CSSVD are massive in there, especially the galamsey, per our analysis," he told Reuters.

Nana Johnson Mensah Kagya, a major farmer in the Western South region with around 80 hectares of plantations, said over half of his cocoa had to be cut down and replanted due to swollen shoot.

And illegal gold mining, he said, is drawing young men away from cocoa farming.

"If galamsey continues to exist, cocoa has no future. Because of the galamsey, you will not get anybody to work on the cocoa farm," Kagya said.

The Western North and Western South regions along the border with Ivory Coast and the eastern Volta/Oti region next to Togo are all vulnerable to smuggling and their output has shrunk over the last three seasons.

Both Ghana and Ivory Coast sell forward their harvests. And this year's giant production shortfall has meant Ghana's Cocobod could not deliver enough cocoa to fulfil its contracts with exporters and traders.

Sources told Reuters last month that Ghana was looking to delay delivery of up to 350,000 tons of beans to the next season, though Cocobod denied the scale of the contract roll-overs.

Cocobod's CEO has said he expects cocoa output to bounce back to over 800,000 tons in the next season due to open in October. Industry players and analysts, however, have said the target is too optimistic.


Ghana Cocoa Production https://reut.rs/4bLTLaZ


Editing by Joe Bavier; editing by Barbara Lewis

</body></html>

Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.

Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.

Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.

Babala sa Risk: Maaaring malugi ang iyong kapital. Maaaring hindi nababagay sa lahat ang mga produktong naka-leverage. Mangyaring isaalang-alang ang aming Pahayag sa Risk.