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Ivory Coast cocoa exporters fear drop in products after poor weather condition

Multinational cocoa exporters running in Ivory Coast, the world's top cocoa manufacturer, fear a. drop in products from farmers in the coming months after negative. weather struck crops, raising the prospect that a few of them might. default on contracts.

Up until now this season, the volume of beans getting to ports is. up 34% on the very same time in 2023-24. But last season was the. worst in a years, according to the director of a European. purchaser, speaking on condition of anonymity.

If you compare arrivals to 2022, a regular season, we are. 15% below that. That means the scenario isn't rosy, regardless of. appearances, stated a second European exporter.

In the west and southwestern areas that produce more than. half of Ivory Coast's cocoa, joy has given way to frustration. after heavy rains harmed crops.

We enjoyed at the start of October, however the rains. shown up and destroyed whatever. Today we only have a few pods to. harvest and nothing more, said Daniel Konan Kanga, a farmer who. owns six hectares in the western city of Duekoue.

There's absolutely nothing more to harvest, said Simon Djedje, who. owns five hectares in the southwestern area of Soubre.

In the Ivorian bush, cooperatives, purchasers and intermediaries say. the bulk of the main harvest was finished in November, and. scarcities are anticipated to last through February or March.

Typically, the primary crop peaks in December, and the mid-crop. harvest starts in April.

I do not see how we can meet our target volumes with two or. three months of low arrivals, stated another director at a. international exporter in the port of San Pedro.

It's clear that production will be weak for 2 months. through January and February, perhaps even March. It will be. illogical..

(source: Reuters)