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Barchart
Barchart
Rich Asplund

Cocoa Prices Gain as Ghana May Raise Farmer Pay

Ice Ghana El Niño London NY

December ICE NY cocoa (CCZ26) closed up +11 (+0.18%) on Thursday, and December ICE London cocoa #7 (CAZ26) closed up +29 (+0.67%).

Cocoa prices settled higher for a second day on Thursday amid carryover support from Wednesday when Ghana’s cocoa industry regulator proposed raising cocoa farmers’ pay by +6% for the 2026/27 season. The proposed increase could push Ghana's cocoa farmers to withhold sales and seek higher prices for their cocoa sales.

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