AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,674 Increased By 40.1 (0.53%)
BR30 25,457 Increased By 285.1 (1.13%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)

Below-average rainfall in Ivory Coast last week has raised fears of a cocoa supply shortage in the coming months and a weak end to the April-to-September mid-crop, farmers said on Monday.

The world's top cocoa producer relies on regular downpours during the rainy season from mid-March to late October. However, farmers said that a lack of rain could hamper crop development in August and September.

Farmers said the harvest would be strong from mid-May to late June, adding that plenty of pods were ripening on trees. The quality of beans was in line with the mid-crop expectation, with 110 to 120 beans per 100 grams, compared with 90 to 105 for the main crop, they said.

But concerns remain over the crop further out.

"The trees need a lot of rain. If the lack of rain continues, it will not be good," said Maurice Loba, who farms on the outskirts of the western region of Soubre, at the heart of the cocoa belt.

Data collected by Reuters showed rainfall in Soubre was 8.6 millimetres (mm) last week, 18.8 mm below the five-year average.

In the southern regions of Agboville and Divo, as well as the eastern region of Abengourou, rainfall was well below average. Rainfall was also below average in the central regions of Bongouanou and Yamoussoukro.

Although rainfall was above average in the centre-western region of Daloa, which produces a quarter of Ivory Coast's cocoa output, farmers said they were likely to be short of beans by late-June to July.

Copyright Reuters, 2020

Comments

Comments are closed.