www.bloomberg.com
Ivory Coast’s cocoa industry is currently experiencing a surge in cocoa beans accumulating at ports. This bottleneck stems from two primary issues: a sharp decline in international cocoa prices, making exports less profitable, and a financial strain on local exporters, hindering their ability to purchase and ship beans. Farmers, eager to sell before prices drop further, are contributing to the overflowing supply, creating a temporary market imbalance and exacerbating the existing economic pressures within the Ivorian cocoa sector.
