Rédaction Africa Links 24 with Ghanaian Times
Published on 2024-09-17 08:02:17
Ghana has lost more than a third of its 2023/24 cocoa output to smuggling, as low local prices and payment delays push some farmers to sell to sophisticated trafficking rings, a top official of the cocoa marketing board (Cocobod) told Reuters.
Poor harvests in Ghana and Ivory Coast, the world’s second largest and largest producers, have pushed markets into a four-year supply deficit, driving up global cocoa and chocolate prices this year.
But cocoa fetches more in Ivory…
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