How many cocoa beans will Ivory Coast produce in 2023/24?
These climatic challenges have taken a toll on Ivory Coast’s cocoa bean production. It is expected that Ivory Coast will produce only 1.8 million metric tons (mmt) of cocoa beans in the 2023/24 season, a significant 20% year-on-year (YoY) drop from 2.25 mmt in the previous season. Source: International Cocoa Organization (ICCO)
Why is the supply of cocoa beans tightening in Ivory Coast?
The supply of cocoa beans from Ivory Coast, the world’s largest producer, has been tightening. Heavy rains in Ivory Coast have triggered the Cocoa Swollen Shoot Virus Disease (CSSVD) and the spread of Black Pod disease. These climatic challenges have taken a toll on Ivory Coast’s cocoa bean production.
Will cocoa bean shipments from the Ivory Coast decline?
It is expected that cocoa bean shipments from the Ivory Coast will decline. The Ivory Coast’s Cocoa and Coffee Council (CCC) regulator has closed its cocoa bean contract sales for the 2023/24 season at 1.4 million tons, marking an 18% YoY decrease from the previous season’s 1.7 mmt.
How is cocoa made in Ivory Coast?
Ivory Coast’s cacao manufacturing process is a testament to the craftsmanship and dedication that goes into creating exceptional cocoa products, from the careful selection of beans to the art of fermentation, drying, and processing. Join us as we unravel the secrets behind such as where is cocoa grown and how much cocoa prices are in Ivory Coast?