GOOD NEWS 🗞️ FOR CHOCOLATE 🍫 LOVERS ???
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THE “YOUNG TURKS” WHO SET THE CACAO WORLD 🌎 ON ITS HEAD
“They were impressive…young and aggressive “ ~ Jimmy Buffett
GHANA 🇬🇭 SUFFERS MAJOR FINANCIAL LOSSES
Ghana cocoa regulator set to lose $1.3 billion: Mahama Ghana's President John Mahama was sworn into office for a second non-consecutive term on January 7, 2025. / Photo: TRT Afrika Ghana's state-run cocoa regulator Cocobod will lose around $1.3 billion in revenue when it pays up for contracts rolled forward to the 2024/25 season due to poor output, President John Dramani Mahama said on Thursday, highlighting the impact of strong global cocoa prices on old contracts. The world's number two cocoa producer delayed the delivery of 370,000 metric tonnes of cocoa from the previous season following a sharp drop in production. A global surge in cocoa prices made Ghana's 2024/25 crop pricier, incurring Cocobod losses when it uses this season's beans to service old contracts. The cocoa sector regulator in Ghana has already lost $840 million from supplying 210,000 metric tonnes of the rolled over contracts as of February, Mahama told lawmakers in his state of the nation...