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Barchart
Barchart
Rich Asplund

Cocoa Prices Jump on Concern Over West African Crop Quality

Ice West Africa Ghana

December ICE NY cocoa (CCZ26) is up +324 (+5.56%) today, and September ICE London cocoa #7 (CAU26) is up +226 (+5.45%).

Cocoa prices rallied sharply today and posted 3-week highs on concern about the quality of this year’s West African cocoa crops. The lack of sunshine in the Ivory Coast and Ghana is allowing black pod disease to spread, lowering cocoa bean quality.

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