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Rich Asplund

Cocoa Prices Jump on a Weak Outlook for the West African Cocoa Crop

Ice West Africa the Ivory Coast NY Ghana ICCO London StoneX

July ICE NY cocoa (CCN26) on Tuesday closed up +191 (+4.92%), and July ICE London cocoa #7 (CAN26) closed up +3.80 (+14.14%).

Cocoa prices rallied sharply on Tuesday and posted 2.75-month highs. Early surveys of the 2026/27 West African cocoa crop indicate below-average cherelle formation on cocoa trees, signaling a weak outlook for the main cocoa harvest, which begins in October.

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