Friday, June 8, 2007

Ivory Coast Raises Cocoa Production Forecast by 3.7 Percent, Ministry Says

(Bloomberg) -- Ivory Coast, the world's biggest
cocoa grower, increased its forecast for this year's harvest of
the chocolate ingredient by 3.7 percent, the Economy and Finance
Ministry said.

Cocoa production may be 1.40 million metric tons in the
year to Dec. 31, up from a previous estimate of 1.35 million
tons, according to a document handed to Bloomberg News yesterday
by a ministry official who asked not to be identified. The west
African nation produced 1.36 million tons of cocoa last year.


Read more at Bloomberg Commodities News

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