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Barchart
Barchart
Rich Asplund

Cocoa Prices Plunge on Expectations of a Bigger Ghana Cocoa Crop

Ice Ghana ICCO Ivory Coast London NY

September ICE NY cocoa (CCU25) today is down -660 (-7.30%), and September ICE London cocoa #7 (CAU25) is down -251 (-4.23%).

Cocoa prices today fell sharply to 1-week lows on the outlook for larger cocoa production in Ghana, the world's second-largest cocoa producer.  The Ghana Cocoa Board said today that it expects the 2025/26 Ghana cocoa crop to increase by  +8.3% y/y to 650,000 from 600,000 MT in 2024/25.  

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