April 16, 2019 / 4:19 PM / a month ago

Ghana sells 380,000 T of 2019/20 cocoa export contracts by mid-April -sources

ACCRA, April 16 (Reuters) - * Ghana’s cocoa marketing company has sold around 380,000 tonnes of export contracts for the 2019/20 season, sources there and at the industry’s regulator Cocobod said on Tuesday. * The Cocobod source said between 60,000 and 80,000 tonnes of export contracts were sold during the first 10 days of April. The sources provided no comparative figure for the 2018/19 season. * The marketing company source said the farmgate price would rise next season from the current season’s 7.6 cedis ($1.48) per kilogramme of cocoa because of the weakening of the cedi. * Ghana is the world’s second largest cocoa producer behind Ivory Coast, with an expected output of around 800,000 tonnes for the 2018/19 season.

$1 = 5.1400 Ghanian cedi Reporting by Ange Aboa; Editing by Aaron Ross and David Evans

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