Africa’s Cocoa Harvest Is Falling Short Just When Needed Most
- World badly needs supplies from this season’s mid-crop harvest
- Shortages have sent prices soaring to highs once unthinkable
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The new cocoa harvest in West Africa’s most important growers looks set to disappoint, just when the world desperately needs more beans.
Farmers in Ivory Coast are about to start reaping the so-called mid-crop, the second and smaller harvest of the season in the top producer and neighboring countries. But the incoming haul will do little to soothe a rattled market that’s crying out for more supply and making chocolate more expensive.