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Barchart
Barchart
Rich Asplund

Dry Conditions in West Africa Boost Cocoa Prices

Ice Ivory Coast West Africa Ghana London NY

December ICE NY cocoa (CCZ26) is up +71 (+1.28%) today, and December ICE London cocoa #7 (CAZ26) is up +63 (+1.53%).

Cocoa prices are climbing for a second session today amid dry conditions in West Africa. Forecasts for below-normal rains in the Ivory Coast over the next week could stress crops and reduce cocoa output in the 2026/27 crop season. Gains in London cocoa accelerated today after the British pound (^GBPUSD) fell to a 2.75-month low. The weaker pound boosts cocoa that is priced in sterling.

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