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Rich Asplund

Cocoa Prices Undercut by Projections for Higher Ghana Cocoa Production

Ice Ghana ICCO NY London Ivory Coast

September ICE NY cocoa (CCU25) today is down -91 (-1.09%), and September ICE London cocoa #7 (CAU25) is down -125 (-2.20%).

Cocoa prices today extended this week's selloff, with NY cocoa posting a 1-week low and London cocoa posting a 1-1/2 week low. Cocoa prices are weighed down by negative carryover from Tuesday, when the Ghana Cocoa Board projected the 2025/26 Ghana cocoa crop to increase by +8.3% y/y to 650,000 from 600,000 MT in 2024/25. Ghana is the world's second-largest cocoa producer.

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