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Rich Asplund

The Prospects of a Bumper West African Cocoa Crop Weighs on Prices

Ice West Africa Africa ICCO NY European Union London the International Cocoa Organization

March ICE NY cocoa (CCH26) today is down -23 (-0.39%). March ICE London cocoa #7 (CAH26) is down -31 (-0.72%).

Cocoa prices tumbled to 1-month lows today amid favorable growing conditions in West Africa. Tropical General Investments Group said last Friday that favorable growing conditions in West Africa are expected to boost the February-March cocoa harvest in the Ivory Coast and Ghana, as farmers report larger and healthier pods compared with the same period last year.

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