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Reflecting the challenges faced by the cocoa industry in Ghana and West Africa, cocoa futures in London have soared by over 20% this year. Most-active futures reached £2,544 a ton, a figure not ...
The fungal disease black pod rot, shown here in cacao seed pods, is a serious problem in all areas of the world where the crop is grown. Caused by the fungus Phytophthora, black pod rot causes pod ...
The International Cocoa Organization’s December 2023 market report similarly cited black pod disease and swollen shoot virus as damaging the supply of cocoa crops. “This severe rainfall brings ...
Cocoa prices are melting up. Most-active cocoa futures topped $10,000 a metric ton on Tuesday for the first time ever, bringing their gain for the year to roughly 140%. Futures prices rose $710 a ...
Cocoa prices reached record highs in the 2023/2024 season, as difficult weather conditions and the rapid spread of black pod disease caused huge yield reductions in Cote d’Ivoire and Ghana—the ...
El Niño raised temperatures and led to drought stress on the cocoa trees; torrential rains spread black pod, a fungal disease that affects cocoa trees and reduces yields; dry and dusty trade ...
Climate change has an impact on farming success, since cocoa is very moisture reliant —the higher the moisture content, the greater the value of cocoa. Additionally, diseases such as black pod disease ...
Prices in the cocoa market have lowered recently from record highs, but coupled with high energy costs, they have fuelled a double-digit increase in European retail prices compared to last year. View ...
In December 2023, both countries also experienced intense rains, and the wet and humid conditions allowed a fungal infection called black pod disease to flourish, rotting cocoa beans on the trees.
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