AGL 35.20 Decreased By ▼ -0.50 (-1.4%)
AIRLINK 123.23 Decreased By ▼ -10.27 (-7.69%)
BOP 5.04 Increased By ▲ 0.07 (1.41%)
CNERGY 3.91 Decreased By ▼ -0.12 (-2.98%)
DCL 8.15 Decreased By ▼ -0.27 (-3.21%)
DFML 44.22 Decreased By ▼ -3.18 (-6.71%)
DGKC 74.35 Decreased By ▼ -0.65 (-0.87%)
FCCL 24.47 Increased By ▲ 0.22 (0.91%)
FFBL 48.20 Increased By ▲ 2.20 (4.78%)
FFL 8.78 Decreased By ▼ -0.15 (-1.68%)
HUBC 145.85 Decreased By ▼ -8.25 (-5.35%)
HUMNL 10.85 Decreased By ▼ -0.15 (-1.36%)
KEL 4.00 Decreased By ▼ -0.06 (-1.48%)
KOSM 8.00 Decreased By ▼ -0.88 (-9.91%)
MLCF 32.80 Increased By ▲ 0.05 (0.15%)
NBP 57.15 Decreased By ▼ -0.65 (-1.12%)
OGDC 145.35 Increased By ▲ 2.55 (1.79%)
PAEL 25.75 Decreased By ▼ -0.26 (-1%)
PIBTL 5.76 Decreased By ▼ -0.16 (-2.7%)
PPL 116.80 Increased By ▲ 2.20 (1.92%)
PRL 24.00 Decreased By ▼ -0.15 (-0.62%)
PTC 11.05 Decreased By ▼ -0.42 (-3.66%)
SEARL 58.41 Increased By ▲ 0.41 (0.71%)
TELE 7.49 Decreased By ▼ -0.22 (-2.85%)
TOMCL 41.10 Decreased By ▼ -0.04 (-0.1%)
TPLP 8.31 Decreased By ▼ -0.36 (-4.15%)
TREET 15.20 Increased By ▲ 0.12 (0.8%)
TRG 55.20 Decreased By ▼ -4.70 (-7.85%)
UNITY 27.85 Decreased By ▼ -0.15 (-0.54%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 8,528 Increased By 68.1 (0.8%)
BR30 26,868 Decreased By -400.5 (-1.47%)
KSE100 81,459 Increased By 998 (1.24%)
KSE30 25,800 Increased By 331.7 (1.3%)

Ivory Coast's cocoa output is unlikely to rebound before the end of the mid-crop, meaning 2015/16 production in the world's top grower is likely to fall short of a government forecast, exporters and farmers said. The West African country's marketing board, the Coffee and Cocoa Council, has forecast production for the 2015/16 season which ends in September at 1.6 million tonnes, down from a record of nearly 1.8 million tonnes last year.
"To be realistic, we are expecting a drop of between 220,000 and 250,000 tonnes for this season, so a total harvest below 1.6 million tonnes," said the director of an Abidjan-based exporter. Three other exporters or analysts gave expected production ranging from 200,000 to 250,000 tonnes lower than in 2014/15.
They blamed poor weather, including the worst Harmattan winds in three decades, for the drop. The hot, dry winds from the Sahara were followed a lack of rain between January and April, a critical period in the development of mid-crop cocoa which is harvested from April to September. Port arrivals were already lagging last season's levels by more than 130,000 tonnes at the end of May and the International Cocoa Organization raised its 2015/16 global cocoa deficit forecast to 180,000 tonnes last month from 113,000 tonnes.
"The season's finished for us. If we don't have anything on the plantations right now, it's not in August or September that we'll have mid-crop cocoa," said Alassane Coulibaly, who farms eight hectares near Soubre in the heart of the western cocoa belt. "We don't expect anything more from this harvest." Farmers in the Meagui, Yabayo, Gabeadji and Duekoue regions - some of Ivory Coast's most productive plantation land - expressed similar pessimism for the remainder of the mid-crop despite a return of rains from last month.
A Reuters reporter travelling in the area found few plantations with significant numbers of flowers, or small pods known as cherelles, on their trees. "Look for yourself. My plantation is empty. There are no flowers, no pods even though I harvested six tonnes last year," said Firmin Soro, who owns a 10 hectare plantation in Bangolo. Some farmers and exporters said the recent rains, far from improving the situation, may in fact harm output in the early stages of next season which opens in October. Flowers and cherelles that would have developed into cocoa for next season were stripped from the trees by heavy downpours.

Copyright Reuters, 2016

Comments

Comments are closed.