Friday, 17 October 2008

Ivory coast sees 60% slump in cocoa shipments

Not sure if this is due to failure to get letters of credit, the success of Ghana in stopping illegal smuggling or a crop failure. Bloomberg reports that Cocoa deliveries to Ivory Coast's ports for shipment fell about 60 percent in the last week from the same period a year earlier.

Arrivals at the ports of Abidjan and San Pedro from farms in the country, were estimated at 16,000 metric tons in the week ended Oct. 12, compared with about 40,000 tons a year earlier. Data is reliable as it comes from the state-run Bourse du Café et du Cacao which we visited earlier in the year.

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