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Good news for cocoa farmers during official dry season

Ivory Coast's cocoa growers face crisis amid drop in global prices
  • Ivory Coast, the world's leading cocoa producer, experienced beneficial light rains across its main growing regions last week, despite being in its official dry season.
  • Farmers anticipate these rains will significantly bolster the development of the crucial April-to-September mid-crop, with many small pods already growing on trees.
  • Growers are optimistic that consistent weekly rainfall could lead to a mid-crop harvest surpassing last season's output, noting more favourable conditions this year.
  • The positive outlook for the mid-crop comes as the country faces challenges with unsold cocoa stocks due to recent plunges in global cocoa prices.
  • The Ivorian government has announced plans to buy unsold cocoa stocks to maintain exports and ensure farmers are paid, addressing the hardship caused by income loss and rotting produce.
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