A record crop in biggest producer Ivory Coast helped push the cocoa market into a surplus in the 2016-17 season. Prices tumbled and are headed for a second annual decline.
With the 2017-18 season now well under way, all eyes are on the main crop, the larger of two yearly harvests that runs from October through March. Now is a crucial time as the harvest’s at its peak.
The Harmattan, dry desert winds from the Sahara, usually blow from December to February and can have a big impact on crops in Ivory Coast and neighboring Ghana.
Bloomberg