Ghana's cocoa output is expected to drop nearly 6 percent this season to 850,000 tonnes because of disease and dry weather, sources at the cocoa regulator, COCOBOD, said on Wednesday. Ghana previously forecast production of 900,000 tonnes, the same as the previous season, but revised that lower because of swollen shoot disease and a lack of rain since November which has dented output during the April-September mid-crop.
Mid-crop production is expected to drop to between 140,000 and 160,000 tonnes versus 250,000 tonnes the previous year, sources at the Cocoa Marketing Company and COCOBOD said, outweighing gains seen during the October-March main crop.
In January, pod counters and exporters said the main crop output should make up for any decline in the mid-crop. But in the Brong Ahafo, Ashanti and Western regions visited by Reuters last week, farmers and buyers had turned pessimistic.