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Barchart
Barchart
Rich Asplund

Cocoa Prices Supported by Forecasts for Dry Weather in the Ivory Coast

Ice Ivory Coast Ghana El Niño London NY

December ICE NY cocoa (CCZ26) closed up +24 (+0.45%) on Monday, and December ICE London cocoa #7 (CAZ26) closed up +27 (+0.69%).

Cocoa prices recovered from 8-week lows on Monday and settled higher as short-covering was spurred by forecasts of dry weather in the Ivory Coast, raising concerns about crop stress that could curb yields and lower production in the 2026/27 crop season.

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