Djavan De Clercq shares news from the agricultural industry in a weekly newsletter. This week explores deforestation, financial distress in Ghana, and the price of cocoa.
🇪🇺 EU publishes deforestation risk ratings, designating only four countries as “high risk” and delaying compliance deadlines to late 2025, a relief for West African producers. (Dominican Today, Efeagro)
🇬🇭 Ghana’s COCOBOD faces severe financial distress, uncovering $400M in unpaid supplier debts and missing containers, prompting urgent payroll audits amid near insolvency. (GhanaWeb, Gbcghanaonline)
📉 Cocoa prices sharply retreat to below $9,800/t after briefly exceeding $11,000, driven by improved weather forecasts in West Africa and investor profit-taking, though quality concerns remain. (TradingView, Nairametrics)
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