Tea, Coffee & Cocoa

Ghana’s cocoa regulator posted a major financial turnaround as higher cocoa purchases and sales lifted revenue, restored positive equity and improved key profitability indicators.

Ghana and Côte d’Ivoire receive higher living-income reference prices as the global cocoa market faces changing production, demand and weather conditions.

Limuru Tea recorded its highest first-half revenue since 2010 and a record 492 tonnes of made tea, but rising labour costs continued to weigh on profitability.

The ruling leaves Citibank’s challenge to a DCI investigation intact, while Kiru maintains that its complaint concerns alleged unauthorised borrowing and repayment from factory funds.

The Cocoa RepubliQ project has planted more than 40,000 cocoa seedlings as investors take possession of allocated plantation plots in Ogun State.