
March ICE NY cocoa (CCH25) today is up +56 (+0.49%), and March ICE London cocoa #7 (CAH25) is up +29 (+0.32%).
Cocoa prices today added to Monday's sharp gains. Crop production concerns in West Africa are fueling fund buying of cocoa futures after 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.