ACCRA (Reuters) - Cocoa purchases declared to Ghana's Cocobod industry regulator reached 44,957 tonnes by August 8 since the start of the light crop harvest in early July, up 28 percent on the previous year, Cocobod data showed on Wednesday.
Total purchases for the week, the fifth in the 11-week season, dropped to 1,287 tonnes from a revised 2,027 tonnes in the week before.
Ghana, the world's second largest cocoa grower after Ivory Coast, expects to produce around 90,000 tonnes of the beans from the July-September light crop, which is usually discounted to local processing companies.
Add new comment