(Ecofin Agency) - At October 29, 2017, volumes of cocoa sent to export terminals in Côte d’Ivoire stood at 168,000 tons, Reuters report. This is 18.4% lower than during the past season over the same period (206,000 tons).

In detail, Reuters indicated that the ports of Abidjan and San Pedro received respectively 26,000 tons and 29,000 tons of cocoa, a total of 55,000 tons between October 23 and 29.

Let’s recall that according to recent forecasts by the Dutch bank Rabobank, Côte d’Ivoire should produce 1.83 million tons of cocoa in the 2017/18 season. Meanwhile, the global market should record a surplus of about 130,000 tons over the period, according to the World Bank’s latest forecasts.

Espoir Olodo