Next Africa

Why West African Cocoa Farmers Aren’t Yet Benefiting From High Prices


Listen Later

Global cocoa shortages are finally set to ease this season, as harvests improve and demand falls, creating a surplus for the first time in three years. But even with Cocoa hitting record high prices, the industry is taking time to recover, and debt and the need to honour contracts at cheaper prices mean farmers in Ghana and Ivory Coast - the world's biggest cocoa producing countries- aren’t yet seeing much benefit from the rising price.

Bloomberg Soft Commodities reporter Mumbi Gitau has just returned from Ghana and Ivory Coast, and joins Jennifer Zabasajja to explain what the recovery looks like at the cocoa farms, the pressures the industry is still facing and what it means for the price of our chocolate bars.

For more stories from the region, subscribe to the Next Africa newsletter here

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Next AfricaBy Bloomberg

  • 4.4
  • 4.4
  • 4.4
  • 4.4
  • 4.4

4.4

186 ratings


More shows like Next Africa

View all
Focus on Africa by BBC World Service

Focus on Africa

370 Listeners

Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

399 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

429 Listeners

The China in Africa Podcast by The China-Global South Project

The China in Africa Podcast

209 Listeners

Masters in Business by Bloomberg

Masters in Business

2,186 Listeners

Trumponomics by Bloomberg

Trumponomics

346 Listeners

Odd Lots by Bloomberg

Odd Lots

1,770 Listeners

Foundering by Bloomberg

Foundering

968 Listeners

FT Tech Tonic by Financial Times

FT Tech Tonic

97 Listeners

Trillions by Bloomberg

Trillions

192 Listeners

Behind the Money by Financial Times

Behind the Money

219 Listeners

Into Africa by CSIS  |  Center for Strategic and International Studies

Into Africa

144 Listeners

Balance of Power by Bloomberg

Balance of Power

37 Listeners

Switched On by Bloomberg

Switched On

99 Listeners

Here's Why by Bloomberg

Here's Why

65 Listeners

Out of Office by Bloomberg

Out of Office

31 Listeners

Africa Daily by BBC World Service

Africa Daily

173 Listeners

The Big Take by Bloomberg

The Big Take

155 Listeners

Listen to the Story by Bloomberg

Listen to the Story

2 Listeners

Into the Metaverse by Bloomberg Intelligence

Into the Metaverse

55 Listeners

Bloomberg Technology by Bloomberg

Bloomberg Technology

50 Listeners

Bloomberg Opinion by Bloomberg

Bloomberg Opinion

7 Listeners

Zero: The Climate Race by Bloomberg

Zero: The Climate Race

194 Listeners

In the City by Bloomberg

In the City

11 Listeners

Bedrock, USA by iHeartPodcasts and Bloomberg CityLab

Bedrock, USA

232 Listeners

Bloomberg Daybreak: Europe Edition by Bloomberg

Bloomberg Daybreak: Europe Edition

2 Listeners

Bloomberg Talks by Bloomberg

Bloomberg Talks

14 Listeners

Unhedged by Financial Times & Pushkin Industries

Unhedged

141 Listeners

Bloomberg News Now by Bloomberg

Bloomberg News Now

51 Listeners

The Deal with Alex Rodriguez and Jason Kelly by Bloomberg

The Deal with Alex Rodriguez and Jason Kelly

84 Listeners

Money Stuff: The Podcast by Bloomberg

Money Stuff: The Podcast

368 Listeners

Big Take Asia by Bloomberg

Big Take Asia

23 Listeners

Levittown by Bloomberg, Kaleidoscope and  iHeartPodcasts

Levittown

49 Listeners