Ivory Coast and Cocoa
Post By | June 21, 2023
A report from Reuters reveals that due to heavy rains in the Ivory Coast, cocoa production is under threat of flooding, insect damage and disease from heavy rain this rainy season. Ivory Coast is the world’s largest producer of cocoa.
The Ivory Coast cashew industry is on the verge of collapse following the COVID-19 pandemic, resulting in farm overproduction and slumping demand. Industrial buyers of cashews have stalled in their purchasing of cashews from farmers due to low demand globally. Farmers are stuck with unsold produce from the last 2 seasons due to the lack of industrial demand.