Containers, not consumption may be the challenge for cocoa — Panjiva
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Containers, not consumption may be the challenge for cocoa

Ags - Softs 143 Consumer Staples 805 Coronavirus 511 Ghana 2 Ivory Coast 3 Mode - Containerized 1524 Mode - Seaborne 1845 U.S. 5400

Global chocolate supply chains have been disrupted by the pandemic including an initial drop in demand, according to Cote d’Ivoire’s cocoa regulatory authority, while a shortage of containers has led to stockpiling at ports and a call for farmers to retain stocks for now. There is an inherent fragility to cocoa supply chains given just two countries, Cote d’Ivoire and Ghana, accounted for 43.5% and 17.6% of global coca bean and paste exports respectively. Demand may be recovering more recently with U.S. imports of cocoa up by 40.0% year over year in the three months ...

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