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Barchart
Rich Asplund

Cocoa Prices Climb on Slack Rains in the Ivory Coast

Ice Ivory Coast Ghana London West Africa Ghana Cocoa Board NY

December ICE NY cocoa (CCZ26) closed up +62 (+1.12%) on Thursday, and December ICE London cocoa #7 (CAZ26) closed up +55 (+1.33%).

Cocoa prices settled higher for a third consecutive session on Thursday amid dry conditions in West Africa. Forecasts for below-normal rains in the Ivory Coast over the next week could stress crops and reduce cocoa output in the 2026/27 crop season. Gains in London cocoa accelerated on Thursday after the British pound (^GBPUSD) fell to a 2.75-month low. The weaker pound boosts cocoa that is priced in sterling.

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