{"id":132470,"date":"2018-08-24T10:16:18","date_gmt":"2018-08-24T14:16:18","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=132470"},"modified":"2018-08-24T07:17:41","modified_gmt":"2018-08-24T11:17:41","slug":"cocoa-analysis-ghana-pest-outbreak-bullish-for-cocoa-price","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/08\/cocoa-analysis-ghana-pest-outbreak-bullish-for-cocoa-price\/","title":{"rendered":"COCOA Analysis – Ghana pest outbreak bullish for cocoa price"},"content":{"rendered":"
August 24, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

Ghana pest outbreak bullish for cocoa price<\/strong><\/p>\n

Cocoa pod eating worm outbreak in Ghana is bullish for cocoa price. Will the cocoa price<\/a> continue rising?<\/p><\/blockquote>\n

Ghana cocoa harvest may suffer significant loss as a pod-eating warm outbreak has developed in southwestern regions of the country. Ghana is the second top world cocoa exporter, producing about 20% of global cocoa bean output. Southwestern region accounts for about 55% of country\u2019s cocoa production. Lower expected cocoa crop in the world\u2019s No. 2 producer of the commodity is bullish for cocoa price.<\/p>\n

\"Cocoa<\/p>\n

On the daily timeframe the COCOA: D1<\/b> has been rising and is currently testing the 200-day moving average MA(200).<\/p>\n