Ghana’s cocoa deliveries to warehouses in August more than quadrupled from the same period last year as an accelerated start to the season provided early cash to farmers, adding to the uptick in supply that’s cooling global prices.
The country this year decided to start its cocoa season in August, two months ahead of the norm, to appease farmers who fetch a government-set price for their crop. Arrivals of the chocolate-making ingredient in the four weeks ending Sept. 4, reached 50,440 metric tons, compared to about 11,000 tons delivered in the same period in 2024, according to people familiar with the matter.