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Rich Asplund

Cocoa Prices Climb on West African Crop Concerns

Ice West Africa NY London Ivory Coast Ghana ICCO StoneX

July ICE NY cocoa (CCN26) on Wednesday closed up +61 (+1.50%), and July ICE London cocoa #7 (CAN26) closed up +37 (+1.21%).

Cocoa prices extended this week's sharp rally on Wednesday, with NY cocoa posting a 2.75-month high and London cocoa posting a 3-month high. Cocoa prices have support from early surveys of the 2026/27 West African cocoa crop that show below-average cherelle formation on cocoa trees, signaling a weak outlook for the main cocoa harvest, which begins in October.

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