The cocoa industry in Côte d’Ivoire this season is facing unprecedented challenges due to the extended drought that struck the region, which led to a decline in production by 30% and 40% in the middle of the season.
These expectations come after the country witnessed a period of harsh climatic conditions that greatly affected crops.
According to many exporters in the country, the long drought has led to clear effects on the trees, resulting in a noticeable decline in the quality of the fruits.
Reports indicate that this decrease in production will reduce supplies in global markets, which enhances concerns about price stability in international markets.
This drought was not only related to local climate effects, but also extended to many cocoa -dependent areas as a major production source.
For its part, press reports confirmed that many farmers in Côte d’Ivoire are having difficulty regaining their crops due to continued drought. They pointed out that the rains that were expected at the beginning of the season were not sufficient to meet the needs of the crops, which led to the lack of fruits available.
Reports show that the expected production of cocoa in the middle of the season will be much less compared to last year.
In a similar context, Reuters quoted cocoa -industry officials in Côte d’Ivoire confirming that long drought not only affects the productive amount, but also the quality of cocoa, which increases anxiety about the ability to meet the growing global demand for this commodity.
Reports indicated that this decline in production may lead to a high global prices of cocoa, which would be reflected on companies and consumers in major markets such as the United States and Europe.
Despite these challenges, farmers in Côte d’Ivoire continue to make great efforts to improve their production. They are increasingly dependent on modern agricultural methods to adapt to climate fluctuations.
However, expectations indicate that the current season may witness additional challenges regarding export and stability in the global cocoa markets.
The country continues to monitor the long -term drought effects, as farmers and exporters in the country are awaiting developments in the coming months in the coming months.
With these negative expectations, the global markets remain in a state of anticipation of the impact of these conditions on supply and demand, and the effects that will result on cocoa prices in the near future.
