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Ghana cocoa main crop tops 900,000 T

ACCRA : The provisional tally for Ghana 's 2010-11 cocoa main crop purchases reached a record 904,000 tonnes, some 55 p
Published Updated

 ACCRA: The provisional tally for Ghana's 2010-11 cocoa main crop purchases reached a record 904,000 tonnes, some 55 percent above last year's levels, the head of Ghana's Cocoa Board (Cocobod) told Reuters on Sunday.

Chief Executive Tony Fofie, who dismissed reports the tally was padded by large amounts of beans being smuggled into Ghana from Ivory Coast, said the light crop would produce "at least 80,000 tonnes".

Cocobod has twice revised upwards its target for cocoa purchases this year and the world's No. 2 grower is set to smash the previous full-season record of 740,000 tonnes seen in 2005-2006.

"The purchases have hit 904,000 tonnes - it's a record achievement and it shows that the government's renewed strategy to raise production is working," Fofie said of the main crop, which began in October and ran through until May 19.

Fofie said the light crop would start on June 10, a week later than expected, but it would hit 80,000 tonnes: "It could be more because we still have lots of cocoa pods on the farms."

Ghana says improved farming techniques, including higher fertiliser use and better pest control, have led to output jumping.

But some analysts say the crisis in neighbouring Ivory Coast led to more beans being smuggled into Ghana as the industry in Ivory Coast was paralysed for months by ports shutting down and sanctions on the industry regulators.

 

Copyright Reuters, 2011

 

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