Abidjan, 15 November 2022 – The International Cocoa Organization releases the Cocoa Market Report for October 2022. The current report highlights the following insights:
- In Côte d’Ivoire, the floods are reported to have restricted the transportation of cocoa beans from the farms to the ports and could be the reason for the year-on-year cocoa arrivals seen during the first few weeks of the 2022/23 season at the country’s ports of exports.
- In neighbouring Ghana, while no fresh data were available on the level of volumes of graded and sealed cocoa beans for the 2022/23 season, the situation is being closely monitored as the country recorded a drastic cut in production compared to last season.
- For the 2021/22 cocoa season, cocoa processing activities increased year-on-year in Europe and Southeast Asia, whereas they dropped in North America.
- During October 2022, cocoa futures prices were lower year-on-year on both sides of the Atlantic.
You can download the complete report by clicking here.