Investment Times

Cocoa farmers in Ghana are hoarding beans in anticipation of higher prices, limiting supplies, Reuters reported on Monday. The global cocoa market has been looking to recover from last year’s poor harvests. According to the report, farmers, buyers and officials from the state regulator in Cocobod in Ghana confirmed that traders have been hoarding cocoa beans. The scale of stocking is not yet clear. “I have more than 300 bags, but I won’t sell,” a cocoa farmer in south-central Ghana told Reuters. “I will only sell after Christmas. We want to see if they will increase the price as they...