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Barchart
Rich Asplund

Ghana’s Proposal to Raise Farmer Pay Supports Cocoa Prices

Ice Ghana El Niño Ivory Coast London NY

December ICE NY cocoa (CCZ26) is up +44 (+0.74%) today, and December ICE London cocoa #7 (CAZ26) is up +53 (+1.23%).

Cocoa prices are moving higher for a second day today on carryover support from Wednesday when Ghana’s cocoa industry regulator proposed raising cocoa farmers’ pay by +6% for the 2026/27 season. The proposed increase could push Ghana's cocoa farmers to withhold sales and seek higher prices for their cocoa sales.

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