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Barchart
Rich Asplund

Cocoa Prices Jump on West African Crop Concerns

Ice London NY Ivory Coast ICCO

July ICE NY cocoa (CCN24) today is up +635 (+8.43%), and July ICE London cocoa #7 (CAN24) is up +409 (+6.55%).

Cocoa prices today are sharply higher, with NY cocoa at a 1-1/2 week high and London cocoa at a 1-week high.  Cocoa has carryover support from Tuesday when the Hightower Report warned that West African cocoa farmers' lack of fertilizer and pesticide use will hurt cocoa production during the 2024/25 season.

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