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Barchart
Barchart
Rich Asplund

West African Cocoa Crop Concerns Underpin Prices

Ice West Africa NY London Ivory Coast Ghana ICCO StoneX

July ICE NY cocoa (CCN26) today is up +70 (+1.72%), and July ICE London cocoa #7 (CAN26) is up +46 (+1.50%).

Cocoa prices extended this week's sharp rally today, with NY cocoa posting a 2.75-month high and London cocoa posting a 3-month high.  Cocoa prices have support from early surveys of the 2026/27 West African cocoa crop that show below-average cherelle formation on cocoa trees, signaling a weak outlook for the main cocoa harvest, which begins in October.  

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