CropGPT - Cocoa - Week 38 CropGPT - Podcast For Soft Commodities podcast

Episode Summary: Global Cocoa Market Highlights for September 25, 2024

Ghana: A 5% increase in cocoa freight rates for the 2024/25 season announced; port improvements at Takoradi expected to reduce costs. Smuggling crisis affecting over a third of output, with measures like military intervention and a 45% farmgate price increase introduced to combat the issue.
Ivory Coast: Cocoa arrivals down 25.3% from last season, impacting global supply. Some improvements in deliveries to Abidjan and San Pedro could indicate stabilization.
Global: Cocoa stocks at a 50-year low, driving chocolate prices to record highs. Production challenges and climate change impacts persist, with innovative cultivation methods and substitutes being developed to address supply issues.

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