Ghana Agribusiness Q1 2019
We believe that the Ghanaian cocoa sector will experience limited production growth over our forecast period to 2021/22, after near record production in 2016/17. Depressed cocoa prices will lead to lower set prices, and even though the governmenthas pledged schemes in order to encourage yield growth, set prices will remain depressed. We forecast cocoa prices to rise onlymoderately due to strong global supply growth. We also see long-term opportunities (but also significant structural challenges) inthe Ghanaian palm oil sector.
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