AIRLINK 207.00 Decreased By ▼ -5.82 (-2.73%)
BOP 10.22 Decreased By ▼ -0.03 (-0.29%)
CNERGY 6.79 Decreased By ▼ -0.21 (-3%)
FCCL 33.56 Increased By ▲ 0.09 (0.27%)
FFL 16.95 Decreased By ▼ -0.69 (-3.91%)
FLYNG 21.60 Decreased By ▼ -0.22 (-1.01%)
HUBC 129.24 Increased By ▲ 0.13 (0.1%)
HUMNL 14.06 Increased By ▲ 0.20 (1.44%)
KEL 4.70 Decreased By ▼ -0.16 (-3.29%)
KOSM 6.85 Decreased By ▼ -0.08 (-1.15%)
MLCF 42.99 Decreased By ▼ -0.64 (-1.47%)
OGDC 215.95 Increased By ▲ 3.00 (1.41%)
PACE 7.15 Decreased By ▼ -0.07 (-0.97%)
PAEL 42.10 Increased By ▲ 0.93 (2.26%)
PIAHCLA 16.90 Increased By ▲ 0.07 (0.42%)
PIBTL 8.47 Decreased By ▼ -0.16 (-1.85%)
POWER 8.81 No Change ▼ 0.00 (0%)
PPL 185.50 Increased By ▲ 2.47 (1.35%)
PRL 39.40 Decreased By ▼ -0.23 (-0.58%)
PTC 24.78 Increased By ▲ 0.05 (0.2%)
SEARL 98.20 Increased By ▲ 0.19 (0.19%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 40.80 Decreased By ▼ -0.93 (-2.23%)
SYM 18.40 Decreased By ▼ -0.46 (-2.44%)
TELE 9.21 Increased By ▲ 0.21 (2.33%)
TPLP 12.29 Decreased By ▼ -0.11 (-0.89%)
TRG 65.01 Decreased By ▼ -0.67 (-1.02%)
WAVESAPP 10.86 Decreased By ▼ -0.12 (-1.09%)
WTL 1.82 Increased By ▲ 0.03 (1.68%)
YOUW 4.06 Increased By ▲ 0.03 (0.74%)
BR100 11,845 Decreased By -20.9 (-0.18%)
BR30 35,915 Increased By 218.1 (0.61%)
KSE100 113,854 Decreased By -294.2 (-0.26%)
KSE30 35,842 Decreased By -110.4 (-0.31%)

Cocoa exporters and pod counters in Ivory Coast have revised down their forecast for this year's main harvest because of hot weather and a lack of rain. A Reuters poll of 13 exporters and pod counters conducted on Wednesday predicted output of 1.320 million tonnes of cocoa beans in the world's largest producer during the October-to-March main crop, down from 1.5 million tonnes during last year's record harvest and short of the 1.450 million predicted at the start of the season.
Heavy showers between October and November created a brown rot that destroyed part of the crop. Since December, production has been stifled by a lack of rain and hot weather. "There were a few showers here and there between December and February but not enough to offset the lack of rain in most areas over the past four months," said a pod counter returned from the bush.
Ivory Coast's farmer expressed have similar worries in recent weeks as below-average rainfall and hot spells sapped soil moisture, raising concern about the crop size. Exporters also said they feared the dry weather would impact the development of the mid crop, which runs after the main harvest, from April-to-September.
"January's good start is now very bad. Flowers and small pods have a 60 percent survival rate for the mid crop compared to 90 percent last season," said a pod counter when referring to the possible impact on the mid crop. Impoverished farmers have struggled to maintain their fields, which further affects production, the pod counters added.
Predictions for the April-September mid-crop will be made after the next counting session in March. "The trees are tired by the huge production last year so we are observing some dormancy, but it is still difficult to be precise at this stage," said an exporter in Abidjan. Last year, the mid-crop yielded a record 500,000 tonnes of cocoa beans compared to an average of 350-400,000 tonnes.

Copyright Reuters, 2018

Comments

Comments are closed.