Unseasonal Rain Aids Cocoa Crop in Ivory Coast’s South
(Bloomberg) -- Unseasonal rains have given a boost to cocoa crops in the south of Ivory Coast, the world's top producer.
The showers are aiding moisture levels as the seasonal dusty Harmattan winds that blow from the Sahara set in. In the country's west, farmers surveyed last week said they were happy with the mix of showers and sun and expect farm-to-market roads to soon be repaired following flood damage last year.
“At the end of December it rained and also at the beginning of the year, which is very rare in the Harmattan period,” said Vincent Yannon, a farmer in Grand Yapo in Ivory Coast's south. “The next rains will facilitate the appearance of new flowers,” which will produce fresh pods, he said.
Growers are expected to collect a good harvest this season. London cocoa futures have fallen about 10% since touching a seven-month high in October, partly on anticipation for ample global supply.
West Africa
Elsewhere in West Africa, farmers in parts of Ghana said trees aren't bearing the same volumes as last season. A grower in Enchi, near Ghana's border with Ivory Coast, said rains are needed to compensate for cyclical crop fatigue after a bumper harvest last year.
In Cameroon, the dry season is hurting crops in the center production area, with branches of many plants unable to resume growth after harvesting, said Emmanuel Nguile, in Ngoro, near Bafia.
Main-crop harvesting is now in its final stages, a grower near Ikom in Nigeria's southeast said in late December. While rains stopped, the cooler Harmattan weather and early morning dews helped the development of fresh flowers.
©2022 Bloomberg L.P.
-
India's Troika Of Good Luck | Joining The Dots
A weaker Trump, a cooling AI trade and resilient earnings have put Indian markets back in favour. Rising inflation could spoil the party.
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.