Commodifty ETFs: Cocoa

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Ghana is the world’s second-largest cocoa producer. It announced today that plans to increase production to about 1.2 million metric tons per year by 2015 because of new tree plantings.


According to Bloomberg, As much as 600,000 hectares (1.48 million acres) will be replanted as part of a six-year program which ends in 2017, Yaw Adu-Ampomah, deputy chief executive officer of the Ghana Cocoa Board, said in an interview in Accra on July 15.

The board will provide the seedlings and fertilizers to assist farmers in the planting of new seeds, he said. The cost of the project is an estimated 200 million cedis ($132 million), with the government spending 126 million and the rest from companies including Mars Inc., maker of M&M’s,