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Rich Asplund

Cocoa Prices End Sharply Lower as Cameroon Boosts Cocoa Output

Ice Cameroon Ghana Ivory Coast London NY

September ICE NY cocoa (CCU24) on Thursday closed down -408 (-4.75%), and September ICE London cocoa #7 (CAU24) closed down -246 (-3.73%).

Cocoa prices Thursday sold off sharply after Cameroon's National Cocoa and Coffee Board reported that 2023/24 (Aug/July) Cameroon cocoa production rose +1.2% y/y to 266,725. Cameroon is the world's fifth-largest cocoa producer.

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