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The world's second largest cocoa producer Ghana is looking to delay delivery of up to 350,000 tons of beans to next season due to poor crops, five sources told Reuters in a further worsening of the outlook for the global chocolate industry.

Chocolate makers around the world are raising prices for consumers after cocoa more than doubled in value this year alone following a third year of poor harvests in Ghana and Ivory Coast, responsible for 60% of global production.

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The market had previously estimated Ghana would roll forward some 250,000 metric tons of cocoa, equivalent to about half its current crop. Cocobod, Ghana's cocoa regulator, said the country was looking to roll over "some volumes, but not in those (350,000 ton) quantities".

The country's cocoa crop has been ravaged by adverse weather, bean disease and illegal gold mining, which often displaces cocoa farms.

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