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Barchart
Barchart
Rich Asplund

Exceptional Growing Conditions in West Africa Weigh on Cocoa Prices

Ice West Africa Ghana Ivory Coast London

September ICE NY cocoa (CCU26) is down -291 (-5.00%) today, and September ICE London cocoa #7 (CAU26) is down -188 (-4.42%).

Cocoa prices are sharply lower today, falling to 1-week lows. Cocoa prices are sliding on reports of exceptional growing conditions in the Ivory Coast and Ghana, which have boosted new flowering on cocoa trees ahead of the start of the main crop harvest next month.

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