Chief Executive Officer of Dalex Finance, Mr Joe Jackson, has projected that the year 2025 will be more challenging than anticipated.
His comments come in the wake of reports that Ghana is cutting its cocoa harvest forecast for the ongoing season by 5%, Multiple reports indicated that the cut was due to hotter-than-expected weather and insufficient rainfall.
This is the second downward revision for the season, which began in September.
According to sources familiar with the matter, the revised outlook suggests a harvest of approximately 617,500 tons.