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Barchart
Rich Asplund

Cocoa Prices Soar on West African Coast Cocoa Production Concerns

Ice West Africa Ivory Coast London Cocoa NY Cocoa Nigeria Ghana ICCO London

March ICE NY cocoa (CCH25) today is up +1,193 (+11.78%), and March ICE London cocoa #7 (CAH25) is up +997 (+12.28%).

Cocoa prices today are soaring on crop production concerns in West Africa.  Some Ivory Coast and Nigerian cocoa farmers reported that cocoa trees are beginning to suffer the effects of the seasonal dry and dusty Harmattan winds, with leaves turning yellow and the cherelles (cocoa pods) withering.  

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