BML 7.18 Increased By ▲ 0.56 (8.46%)
BOP 23.88 Increased By ▲ 2.17 (10%)
CNERGY 8.41 Increased By ▲ 1.00 (13.5%)
CPHL 98.98 Increased By ▲ 1.12 (1.14%)
DCL 15.65 Increased By ▲ 0.15 (0.97%)
DGKC 246.50 Increased By ▲ 6.02 (2.5%)
FCCL 58.94 Increased By ▲ 0.97 (1.67%)
FFL 21.51 Increased By ▲ 1.96 (10.03%)
GCIL 34.77 Decreased By ▼ -0.27 (-0.77%)
HUBC 197.31 Increased By ▲ 2.15 (1.1%)
KEL 5.75 Increased By ▲ 0.13 (2.31%)
KOSM 7.94 Increased By ▲ 0.71 (9.82%)
LOTCHEM 24.89 Decreased By ▼ -0.07 (-0.28%)
MLCF 107.80 Increased By ▲ 0.65 (0.61%)
NBP 189.89 Increased By ▲ 7.65 (4.2%)
PAEL 55.80 Increased By ▲ 0.29 (0.52%)
PIAHCLA 20.30 Increased By ▲ 0.03 (0.15%)
PIBTL 13.30 Increased By ▲ 0.13 (0.99%)
POWER 18.97 Increased By ▲ 0.10 (0.53%)
PPL 192.00 Increased By ▲ 2.58 (1.36%)
PREMA 43.86 Increased By ▲ 1.23 (2.89%)
PRL 36.84 Increased By ▲ 3.21 (9.55%)
PTC 24.38 Increased By ▲ 0.96 (4.1%)
SNGP 133.50 Increased By ▲ 1.49 (1.13%)
SSGC 44.58 Increased By ▲ 0.20 (0.45%)
TELE 9.95 Increased By ▲ 1.00 (11.17%)
TPLP 12.09 Increased By ▲ 1.10 (10.01%)
TREET 27.17 Increased By ▲ 0.18 (0.67%)
TRG 76.70 Decreased By ▼ -0.80 (-1.03%)
WTL 1.79 Increased By ▲ 0.07 (4.07%)
BML 7.18 Increased By ▲ 0.56 (8.46%)
BOP 23.88 Increased By ▲ 2.17 (10%)
CNERGY 8.41 Increased By ▲ 1.00 (13.5%)
CPHL 98.98 Increased By ▲ 1.12 (1.14%)
DCL 15.65 Increased By ▲ 0.15 (0.97%)
DGKC 246.50 Increased By ▲ 6.02 (2.5%)
FCCL 58.94 Increased By ▲ 0.97 (1.67%)
FFL 21.51 Increased By ▲ 1.96 (10.03%)
GCIL 34.77 Decreased By ▼ -0.27 (-0.77%)
HUBC 197.31 Increased By ▲ 2.15 (1.1%)
KEL 5.75 Increased By ▲ 0.13 (2.31%)
KOSM 7.94 Increased By ▲ 0.71 (9.82%)
LOTCHEM 24.89 Decreased By ▼ -0.07 (-0.28%)
MLCF 107.80 Increased By ▲ 0.65 (0.61%)
NBP 189.89 Increased By ▲ 7.65 (4.2%)
PAEL 55.80 Increased By ▲ 0.29 (0.52%)
PIAHCLA 20.30 Increased By ▲ 0.03 (0.15%)
PIBTL 13.30 Increased By ▲ 0.13 (0.99%)
POWER 18.97 Increased By ▲ 0.10 (0.53%)
PPL 192.00 Increased By ▲ 2.58 (1.36%)
PREMA 43.86 Increased By ▲ 1.23 (2.89%)
PRL 36.84 Increased By ▲ 3.21 (9.55%)
PTC 24.38 Increased By ▲ 0.96 (4.1%)
SNGP 133.50 Increased By ▲ 1.49 (1.13%)
SSGC 44.58 Increased By ▲ 0.20 (0.45%)
TELE 9.95 Increased By ▲ 1.00 (11.17%)
TPLP 12.09 Increased By ▲ 1.10 (10.01%)
TREET 27.17 Increased By ▲ 0.18 (0.67%)
TRG 76.70 Decreased By ▼ -0.80 (-1.03%)
WTL 1.79 Increased By ▲ 0.07 (4.07%)
BR100 16,307 Increased By 236.2 (1.47%)
BR30 51,537 Increased By 1163.4 (2.31%)
KSE100 157,953 Increased By 1775.7 (1.14%)
KSE30 48,199 Increased By 520.5 (1.09%)

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.