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Rich Asplund

Cocoa Prices Plunge on Projections for a Larger 2025/26 Ghana Cocoa Crop

Ice Ghana ICCO Ivory Coast London NY

September ICE NY cocoa (CCU25) Tuesday closed down -683 (-7.59%), and September ICE London cocoa #7 (CAU25) closed down -269 (-4.53%).

Cocoa prices plunged to 1-week lows Tuesday due to the outlook for larger cocoa production in Ghana, the world's second-largest cocoa producer. The Ghana Cocoa Board on Tuesday projected 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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