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Barchart
Barchart
Rich Asplund

Cocoa Supplies Surge on Ghana Production Concerns

Ghana Ice London

September ICE NY cocoa (CCU26) on Friday closed up +285 (+5.58%), and September ICE London cocoa #7 (CAU26) closed up +201 (+5.28%).

Cocoa prices are sharply higher today on concerns over cocoa production in Ghana, the world's second-largest cocoa producer. Ghana's cocoa regulator, COCOBOD, projects Ghana's 2026/27 cocoa production could fall to 450,000 MT to 550,000 MT from 750,000 MT projected for 2025/26 due to the combined effects of swollen shoot disease, aging cocoa farms, and the likelihood of adverse weather from the El Niño weather pattern.

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