Ghana sharply raises cocoa output forecast

Tuesday, 13 March 2012 22:50

Posted by Shoaib-ur-Rehman Siddiqui

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ACCRA: Ghana cocoa regulator Cocobod raised its main crop output forecast to 870,000 tonnes from 770,000 tonnes and now expects the full season to be "in the same region" as last year's record 1 million tonne harvest, an official said on Tuesday.

The sharp upward revision is due to improved rainfall in the world's No. 2 cocoa grower, Cocobod Deputy Chief Executive in Charge of Agronomy and Quality Control Yaw Adu-Ampomah told Reuters on the sidelines of a conference.