ANL 33.56 Decreased By ▼ -0.56 (-1.64%)
ASC 15.06 Increased By ▲ 0.26 (1.76%)
ASL 23.68 Decreased By ▼ -0.64 (-2.63%)
AVN 91.50 Increased By ▲ 0.28 (0.31%)
BOP 7.91 Increased By ▲ 0.12 (1.54%)
BYCO 9.97 Decreased By ▼ -0.24 (-2.35%)
DGKC 120.48 Decreased By ▼ -1.02 (-0.84%)
EPCL 53.50 Decreased By ▼ -1.65 (-2.99%)
FCCL 23.80 Decreased By ▼ -0.44 (-1.82%)
FFBL 27.64 Decreased By ▼ -0.46 (-1.64%)
FFL 15.75 Decreased By ▼ -0.41 (-2.54%)
HASCOL 9.40 Decreased By ▼ -0.10 (-1.05%)
HUBC 77.90 Increased By ▲ 0.20 (0.26%)
HUMNL 6.34 Decreased By ▼ -0.13 (-2.01%)
JSCL 21.15 Increased By ▲ 0.75 (3.68%)
KAPCO 39.84 Decreased By ▼ -0.16 (-0.4%)
KEL 3.77 Decreased By ▼ -0.05 (-1.31%)
LOTCHEM 15.68 Decreased By ▼ -0.22 (-1.38%)
MLCF 45.00 Decreased By ▼ -1.15 (-2.49%)
PAEL 34.10 Decreased By ▼ -1.80 (-5.01%)
PIBTL 10.20 Increased By ▲ 0.05 (0.49%)
POWER 8.93 Decreased By ▼ -0.21 (-2.3%)
PPL 84.60 Decreased By ▼ -0.60 (-0.7%)
PRL 23.99 Decreased By ▼ -0.31 (-1.28%)
PTC 9.49 Decreased By ▼ -0.01 (-0.11%)
SILK 1.44 Decreased By ▼ -0.01 (-0.69%)
SNGP 40.50 Decreased By ▼ -0.90 (-2.17%)
TRG 173.00 Increased By ▲ 7.99 (4.84%)
UNITY 32.37 Decreased By ▼ -0.28 (-0.86%)
WTL 1.62 Decreased By ▼ -0.11 (-6.36%)
BR100 4,865 Decreased By ▼ -7.01 (-0.14%)
BR30 25,552 Decreased By ▼ -33.9 (-0.13%)
KSE100 45,307 Decreased By ▼ -93.24 (-0.21%)
KSE30 18,503 Decreased By ▼ -29.44 (-0.16%)

Coronavirus
VERY HIGH
Pakistan Deaths
16,698
9824hr
Pakistan Cases
778,238
585724hr
Sindh
275,081
Punjab
279,437
Balochistan
21,242
Islamabad
71,533
KPK
109,704

cocoa ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 742,000 tonnes by Jan. 13 since the start of the season in October, exporters estimated on Monday, compared with 789,322 tonnes in the same period of the previous season.

 

Exporters estimated around 46,000 tonnes of beans were delivered to the West African state's two ports between Jan. 7 to 13 down from 50,860 tonnes in the same week a year ago.

 

"This morning we received much less than we normally receive," the director of a European export company based in San Pedro said on Monday, asking not to be named.

 

"All our suppliers are telling us more or less the same thing. Production isn't as good as they'd expected. From now on, they are going to deliver much less product, because there aren't many pods left to harvest."

 

Farmers typically push to sell more beans immediately before the Christmas and New Year holidays to earn extra money for the festivities, and exporters said they had therefore anticipated a drop in output.

 

However, many worried that last week's slip in arrivals may signal the tapering off of the October to March main crop harvest.

 

"We are going to send our teams into the bush to verify the information we're receiving from the middlemen. We need to know if this is true and adapt our strategy accordingly," said the head of an Abidjan-based exporter.

 

"We may lower our production forecast of 1.05 million tonnes for the main crop if our pod counting teams confirm that there really is a drop," he said, asking not to be named.

 

Copyright Reuters, 2013
*