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Rich Asplund

DARK SECRETS: West african cocoa crop optimism weighs on prices 168ac9b8 3a90 4e99 8622 343f4366ff2c - The Real Truth

Ice West Africa ICCO Ivory Coast London

December ICE NY cocoa (CCZ25) today is down -216 (-3.27%), and December ICE London cocoa #7 (CAZ25) is down -189 (-3.97%).

Cocoa prices are sharply lower today on the outlook for a bumper cocoa crop in West Africa. Reports from Ivory Coast cocoa farmers stated that cocoa trees are doing well, and recent dry weather helped harvested beans dry, while cocoa farmers in Ghana said favorable weather is allowing cocoa pods to develop quickly.

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